LJCal
Junior Member
Posts โข 2,845
Likes โข 4,293
December 2019
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by LJCal on May 20, 2024 18:21:15 GMT 1, They give with one hand take with another. Look at the new policy on sellers fees, they basically make the same greedy margin. They're a bunch of greedy c*nts to be honest.
They give with one hand take with another. Look at the new policy on sellers fees, they basically make the same greedy margin. They're a bunch of greedy c*nts to be honest.
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ca
Junior Member
Posts โข 1,925
Likes โข 2,374
March 2011
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by ca on May 20, 2024 18:32:37 GMT 1, 10% selling fee aint bad, no?
10% selling fee aint bad, no?
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Wanchope
Junior Member
Posts โข 1,416
Likes โข 1,230
February 2020
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Wanchope on May 20, 2024 18:41:39 GMT 1, They give with one hand take with another. Look at the new policy on sellers fees, they basically make the same greedy margin. They're a bunch of greedy c*nts to be honest. As anlways itโs all in the way they spin it. As you say now the sellers get hurt even more, go figure! Iโm sure I saw an article saying their poll shows that 90% of buyers prefer it. Wow that is an amazing reaction ๐คฃ๐คฃ๐ค maybe they need to do a poll from the sellers because it wonโt be 90% positive!!!
They give with one hand take with another. Look at the new policy on sellers fees, they basically make the same greedy margin. They're a bunch of greedy c*nts to be honest. As anlways itโs all in the way they spin it. As you say now the sellers get hurt even more, go figure! Iโm sure I saw an article saying their poll shows that 90% of buyers prefer it. Wow that is an amazing reaction ๐คฃ๐คฃ๐ค maybe they need to do a poll from the sellers because it wonโt be 90% positive!!!
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Poster Bob
Junior Member
Posts โข 5,824
Likes โข 5,435
September 2013
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Poster Bob on May 20, 2024 22:30:12 GMT 1, Letโs always drastically underestimate values in order to โelicit bidsโ and then claim we โsmashed estimates.โ Itโs all a charade, and now theyโre calling it a success fee. I wish I could set my targets so ludicrously low to make myself seem more successful.
Letโs always drastically underestimate values in order to โelicit bidsโ and then claim we โsmashed estimates.โ Itโs all a charade, and now theyโre calling it a success fee. I wish I could set my targets so ludicrously low to make myself seem more successful.
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LJCal
Junior Member
Posts โข 2,845
Likes โข 4,293
December 2019
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by LJCal on May 20, 2024 23:57:05 GMT 1, 10% selling fee aint bad, no? Outrageous, I pay between 0-5%. Usually zero if it's over ยฃ10k. Even get some of the buyers premium from some places if it's a really decent lot with competitive estimate.
10% selling fee aint bad, no? Outrageous, I pay between 0-5%. Usually zero if it's over ยฃ10k. Even get some of the buyers premium from some places if it's a really decent lot with competitive estimate.
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LJCal
Junior Member
Posts โข 2,845
Likes โข 4,293
December 2019
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by LJCal on May 21, 2024 0:01:44 GMT 1, They give with one hand take with another. Look at the new policy on sellers fees, they basically make the same greedy margin. They're a bunch of greedy c*nts to be honest. As anlways itโs all in the way they spin it. As you say now the sellers get hurt even more, go figure! Iโm sure I saw an article saying their poll shows that 90% of buyers prefer it. Wow that is an amazing reaction ๐คฃ๐คฃ๐ค maybe they need to do a poll from the sellers because it wonโt be 90% positive!!! Unless you're selling pieces for millions it's an absolute joke. Property agents/auctioneers charge 1-2% of value, deals take far longer and are often far more complex, yet they have large profitable and viable businesses. I know from working in the business and watching fees go from 4-5% to 1% in 20 years that business can adapt and still thrive.
None of the large auction houses have modernised, they run flabby businesses, have huge overheads and greedy ownership. I really can't wait for someone to come along an eat their lunch. It will happen in next 10-20 years.
They give with one hand take with another. Look at the new policy on sellers fees, they basically make the same greedy margin. They're a bunch of greedy c*nts to be honest. As anlways itโs all in the way they spin it. As you say now the sellers get hurt even more, go figure! Iโm sure I saw an article saying their poll shows that 90% of buyers prefer it. Wow that is an amazing reaction ๐คฃ๐คฃ๐ค maybe they need to do a poll from the sellers because it wonโt be 90% positive!!! Unless you're selling pieces for millions it's an absolute joke. Property agents/auctioneers charge 1-2% of value, deals take far longer and are often far more complex, yet they have large profitable and viable businesses. I know from working in the business and watching fees go from 4-5% to 1% in 20 years that business can adapt and still thrive. None of the large auction houses have modernised, they run flabby businesses, have huge overheads and greedy ownership. I really can't wait for someone to come along an eat their lunch. It will happen in next 10-20 years.
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Wanchope
Junior Member
Posts โข 1,416
Likes โข 1,230
February 2020
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Wanchope on May 21, 2024 7:04:32 GMT 1, Couldnโt agree more! This has to change and it will change!
Couldnโt agree more! This has to change and it will change!
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