The Donald P. Dow Collection of Lincolniana Auction (1/24/2015)

[Jim Garrett]

(01-24-2015 08:50 PM)Gene C Wrote:  A 25% buyers premium (per Dave@BoothieBarn twitter page) seems high to me, especially since some of the photos mentioned are spurious.

In comparison, most real estate auctions around here (western KY) get a 10% buyers premium (the auction price plus 10%)
The last antique/estate auction I went to (several years ago) didn't charge a buyers premium. The auctioneer collected a commission from the seller on the total sales amount. I guess these fancy auction houses do it differently,
http://www.skinnerinc.com/news/blog/auct...n-part-iv/

A buyer's premium in an auction like this will usually run anywhere from 20% to 25%. I've seen some as low as 15%, but on these specialty auctions, 25% is not unusual. 8 years ago, I was in L.A. and attended the Butterfield & Butterfield auction of auto/motorcycle memorabilia from the estates of Steve McQueen, "Big Daddy" Ed Roth and Von Dutch. Big $$$s and big premiums

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(01-24-2015 08:50 PM)Gene C Wrote:  A 25% buyers premium (per Dave@BoothieBarn twitter page) seems high to me, especially since some of the photos mentioned are spurious.

In comparison, most real estate auctions around here (western KY) get a 10% buyers premium (the auction price plus 10%)
The last antique/estate auction I went to (several years ago) didn't charge a buyers premium. The auctioneer collected a commission from the seller on the total sales amount. I guess these fancy auction houses do it differently,
http://www.skinnerinc.com/news/blog/auct...n-part-iv/

A buyer's premium in an auction like this will usually run anywhere from 20% to 25%. I've seen some as low as 15%, but on these specialty auctions, 25% is not unusual. 8 years ago, I was in L.A. and attended the Butterfield & Butterfield auction of auto/motorcycle memorabilia from the estates of Steve McQueen, "Big Daddy" Ed Roth and Von Dutch. Big $$$s and big premiums