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<p>[QUOTE=&quot;Nerva, post: 2786349, member: 87761&quot;]Plus sales tax. And artist resale rights on contemporary. It&#039;s a sliding scale that varies by department and location. Totally untransparent. But the &#039;buyer&#039;s&#039; premium is paid by the seller. Buyers adjust their bids. And smart sellers know that. If you analyse their accounts carefully the *average* seller&#039;s premium is negative.&nbsp; Consigners negotiate rebates. It&#039;s all quite murky, but these days Sotheby&#039;s and Christie&#039;s focus ever more on the ever higher end of the market.[/QUOTE]</p><p><br /></p>

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