What are auction house commissions?
An example of an AI chatbot conversation about auction house commissions and their implications.
What are auction house commissions?
Auction house commissions are fees charged by auction houses for their services, typically a percentage of the sale price.
How much do these commissions usually range from?
Commissions usually range from 5% to 25%, depending on the auction house and the value of the item.
Are there any additional fees I should be aware of?
Yes, there may be additional fees such as listing fees, photography fees, or shipping costs.
Can I negotiate the commission rate?
In some cases, you can negotiate the commission rate, especially for high-value items.
What happens if the item doesn't sell?
If the item doesn't sell, you may still be responsible for certain fees, but the commission is typically not charged.
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