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<p>[QUOTE=&quot;Nerva, post: 2786748, member: 87761&quot;]All bidders care at some margin. If you get two determined buyers, prices can soar ... but not infinitely. It&#039;s interesting that a high proportion of $100m+ pictures are sold privately, because sellers and their agents believe that there&#039;s one buyer who will pay megabucks, but not two. </p><p><br /></p><p>You are right about a proportion not knowing how the fees work. And even if they know in general terms, the tiered fees at Christie&#039;s are very confusing, and they use symbols next to the lot number for extra charges, including different levels of sales tax on the lot as well as the premium, and resale rights.[/QUOTE]</p><p><br /></p>

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