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<p>[QUOTE=&quot;IdesOfMarch01, post: 2617989, member: 39084&quot;]Here are a few of my observations/experiences with auction houses regarding unsold lots.</p><p><br /></p><p>First, it seems to be standard practice for auction houses to offer unsold lots (post-auction) at the opening bid plus 15% (or whatever is their standard commission).&nbsp; I don&#039;t get this -- if someone wanted to pay opening bid plus commission, they would have done so during the auction -- but don&#039;t be taken aback if this is their initial response.</p><p><br /></p><p>Second, if you want to offer a lower-than-opening bid, you should certainly feel comfortable doing so.&nbsp; In the event that the auction house actually owns the coin, you might have a decent chance of reaching a mutually agreeable lower price.&nbsp; But if the consignor still owns the coin (very likely), the auction house will need to communicate your offer to the consignor and get a response from him/her.&nbsp; Even in this case, the auction house will still want a commission -- probably their standard commission -- and probably won&#039;t be very cooperative in negotiating on your behalf with the consignor.&nbsp; This varies -- German auction houses have a terrible reputation for being difficult to deal with -- but my limited experience indicates that this middleman type of negotiation can be arduous and unlikely to succeed.</p><p><br /></p><p>My specific advice is to make an offer that includes the commission you&#039;re willing to pay and be sure to tell the auction house that your offer includes whatever commission they might charge.&nbsp; But don&#039;t hold your breath. </p><p><br /></p><p>Assuming this approach fails to reach an agreement, just wait for the coin to show up in another auction.</p><p><br /></p><p>For a more detailed story about my specific experience in a similar situation, see my posting in this thread:</p><p><br /></p><p><a href="https://www.cointalk.com/threads/hadrian-continues-his-travels.286184/" class="internalLink ProxyLink" data-proxy-href="https://www.cointalk.com/threads/hadrian-continues-his-travels.286184/">https://www.cointalk.com/threads/hadrian-continues-his-travels.286184/</a>[/QUOTE]</p><p><br /></p>

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