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<p>[QUOTE="calcol, post: 2716080, member: 77639"]It's possible that high money volume buyers get a break on the buyer's premiums. If so, it's not made public. Maybe someone has inside info or it's come to light in lawsuits. Because auction prices realized are posted as hammer plus premium, auction houses might be found guilty of deceptive business practices (in civil or criminal proceedings) if the premium was less than advertised. Many auctions houses have a "no exceptions" clause on the buyer's premium in the terms and conditions too.</p><p><br /></p><p>There is a lot more flexibility in dealing with sellers than buyers. It's rumored (and I believe true) that if you consign a huge amount (hundreds of thousands of $), not only do you not pay a seller's premium, but may get a kickback from the hammer prices. If you get into the 7-figure range, everything is open to negotiation prior to the auction.</p><p><br /></p><p>I imagine that Pogue got a kickback for consigning his coins to Stacks Bowers. He got a few other perks too, like special slabbing, solo deluxe catalogs, viewing at multiple venues, and right to withdraw lots during the live auction.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 2716080, member: 77639"]It's possible that high money volume buyers get a break on the buyer's premiums. If so, it's not made public. Maybe someone has inside info or it's come to light in lawsuits. Because auction prices realized are posted as hammer plus premium, auction houses might be found guilty of deceptive business practices (in civil or criminal proceedings) if the premium was less than advertised. Many auctions houses have a "no exceptions" clause on the buyer's premium in the terms and conditions too. There is a lot more flexibility in dealing with sellers than buyers. It's rumored (and I believe true) that if you consign a huge amount (hundreds of thousands of $), not only do you not pay a seller's premium, but may get a kickback from the hammer prices. If you get into the 7-figure range, everything is open to negotiation prior to the auction. I imagine that Pogue got a kickback for consigning his coins to Stacks Bowers. He got a few other perks too, like special slabbing, solo deluxe catalogs, viewing at multiple venues, and right to withdraw lots during the live auction. Cal[/QUOTE]
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