DONT MAKE IT IMPOSSIBLE FOR BUYERS, AUCTION HOUSES!!

I HAVE BEEN IN THE ART BUSINESS SINCE 1983

 



I STARTED TRADING ANTIQUES , ART, ETC WHEN THE BUYERS PREMIUM AT MOST AUCTIONS WAS 8% AND 10% AT THE BIG AUCTIONS. IT WAS A FAIR PREMIUM TO PAY AND IT ALLOWED TRADERS TO BUY AND RESELL WITH HOPE TO MAKE A PENNY OR TWO AND MANY MAKE A LIVING.

BY THE 1990S THE PREMIUM JUMPED STEP BY STEP TO 20% AND IT STILL GOES UP IN ORDER TO TOTAL SOME 33% OF THE TOTAL PURCHASE HAMMER PRICE RIGHT NOW. FURTHERMORE, THERE IS AN EXTRA 1% NOW ADDED BECAUSE OF COVID 19 AND LORD KNOWS WHAT ELSE TO MAKE IT A ROUND 30% COMMISSION PLUS ALL THE OTHER ADDITIONS OF VAT, ARTISTS RIGHTS ETC.

I HAVE BEEN PAYING THESE AMOUNTS AS I CANNOT DO ELSE BUT HOW MANY POTENTIAL BUYERS HAVE BEEN PUT OFF BY THIS GREED OF AUCTIONS? HOW MANY MORE INCREASES WILL HIT THE PUBLIC BEFORE AN AUCTION OF MERIT AND NAME BRINGS ITS COMMISSIONS DOWN IN ORDER TO BE MORE COMPETITIVE AND ATTRACT MORE BUSINESS. LET US NOT FORGET THAT IT IS NOT ONLY THE BUYERS THAT ARE AFFECTED BUT ALSO THE SELLERS AND ONLY ONES BENEFITING ARE THE AUCTIONS AND THEIR OWNERS.

I SAY ENOUGH OF THIS AUCTION HOUSES. TO SELL AND MAKE 25% FROM THE BUYERS AND THEN ANOTHER 10% OR MORE FROM SELLERS IS NOT FAIR IN MY EYES AND JUDGEMENT. PERHAPS I AM JUDGING THIS THORNY ISSUE FROM THE POINT OF VIEW OF A BUYER BUT I AM ALSO A SELLER, AUCTIONEERS!!!

LET ART BREATHE, LET BUYERS BREATHE LIFE INTO THE AUCTION ROOMS!!!

PETER CONSTANT

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