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Old 04-03-2008, 01:47 PM   · #118
SharonTucci
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Ethan Allen Fund
Originally Posted by pixelpadre
Was watching on TV last night a story about those two. Their highest commission rate is 10% but most cases 2%. Ironically the Dept of Justice convicted them of conspiring to keep commission rates high.



Actually those numbers are for Christie's.

Sotheby's website publishes their commission structure.

http://www.sothebys.com/help/faq/faq_duringauction.html

A little higher but no where near what Monte was saying.

If you'll notice though - their commission is charged to the buyer based on the tiered commission structure and not from the seller's earnings.

Christie's commissions are here:

http://www.christies.com/howtosell/termsofsale.asp

FWIW, in defense of cutting special deals. I contacted Moniker last year about a 6 figure buy and wanted to see if they could lower their percentage for escrow on it. I was told their percentages were firm. I don't know if the same is true for domains that are auctioned (ie the referred to 'preferred' pricing) but I can't imagine it would be given that they lost a several thousand dollar commission on a relatively easy transaction because of not budging.


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