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<p>[QUOTE=&quot;Nerva, post: 2783048, member: 87761&quot;]Does anyone know what discount they get? When buyer&#039;s premium was first introduced in the 1960s the trade was up in arms and even took the auctioneers to court. Totally irrational, as they dealers just need to adjust their bids down to allow for the premium. But in response the dealers were given a discount on the premium. That&#039;s mostly gone in the high-end art world; it just doesn&#039;t make sense for them to give discounts in an open auction. </p><p><br /></p><p>I agree it&#039;s odd that they&#039;re able to flip so quickly at a good profit. But one of the roles of the trade is sucking up supply when it comes onto the market and selling over time, intermediating between sellers who want cash now and buyers who want time to decide. Doesn&#039;t explain immediate sales, of course....[/QUOTE]</p><p><br /></p>

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