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Dealer bought all Hadrians on auction and now all on vcoins
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<p>[QUOTE="GregH, post: 2680504, member: 75936"]Umm.. how does that even work? A consigner buying his own inventory?</p><p>The coins still belong to the consigner until they are sold by the auction house, right? So he wins his own coins at the auction, pays the auction house the hammer price plus buyer's fee ... and then the auction house pays him the hammer price minus the consigner's fee. That's crazy. And he'd be losing a lot of money in the process.[/QUOTE]</p><p><br /></p>
[QUOTE="GregH, post: 2680504, member: 75936"]Umm.. how does that even work? A consigner buying his own inventory? The coins still belong to the consigner until they are sold by the auction house, right? So he wins his own coins at the auction, pays the auction house the hammer price plus buyer's fee ... and then the auction house pays him the hammer price minus the consigner's fee. That's crazy. And he'd be losing a lot of money in the process.[/QUOTE]
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Dealer bought all Hadrians on auction and now all on vcoins
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