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<p>[QUOTE=&quot;Joe2007, post: 2988458, member: 1262&quot;]The auctioneer referenced in the opening post doesn&#039;t charge a buyer&#039;s premium so their compensation is coming entirely from the consignor&#039;s take. I&#039;ve heard of run of the mill estate auctioneers charging 20% of hammer plus some pre-negotiated fees to help limit potential downside for the auction company if stuff doesn&#039;t sell well but there is also another auctioneer I know (yes he is a jerk) that charges 40+% of hammer, a buyer&#039;s premium, and then manages to bill the consignor for the majority of his expenses/clean out costs out of the auction proceeds.</p><p><br /></p><p>Higher end auction houses with catalogs and additional services such as authentication and lavish settings often charge much higher commissions while some like Heritage on high dollar items like rare coins may not charge the consignor anything at all and make their money on the 20+% buyer&#039;s premium.[/QUOTE]</p><p><br /></p>

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