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Not based on all of my auction results with Juliens. Also, the odd dollar winning bids are a dead giveaway. For example, the first lot hammered at 450 pounds and it shows a 576 pounds winning bid which includes 28% buyers premium
That's odd. Usually the winning bid is a bid and final price includes the BP. I didn't look at other lots though.
You're right. I checked older lots and it said winning bid. Thanks
A few of the auction houses are doing this but you are correct, it is atypical.
So the consignor will receive about $150K?
If these numbers are correct. Its sold for 130k resold for 235k . So 105k . My guess is juliens takes close to 25 percent from consignors so 55k profit. All in us dollars
I don’t think it would be that much if $235K includes the BP.
There saying it didn't include it.. if it does just adjust the numbers to break even as its 28%
If the consignor paid no commission he got in the $185,000-$190,000 range.
The consignor probably bought it from Heritage to resell it. A market-savvy investor like that likely made a deal with Julien's to get full hammer price since it's such a valuable consignment.
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