In a chain email to Heritage Auctions subscribers, the auction house announced:
“To adapt Heritage’s industry-standard buyer premiums to all additional art categories, auctions from Wednesday, July 1st will see a 25% buyer premiums on original comic art.
This is not the best premium rate when compared to the 27-15% range for Satheby, depending on the price. Still, there’s a salary increase compared to Hake’s 15% or Comic Link’s 3%.
“Hake’s buyer premium is 18%. It will be reduced to 15% for checks, money orders or wire payments.” “All transactions are eligible for a 3% (3%) buyer premium in addition to the purchase price. This may be a complete discount on the premium if you receive the total amount received by Comiclink.”
In the previous article, I said 20% had been added to the sale of Jock’s Art. Let me fix that here. This is because a salary increase to 25% will now be given. I would like to learn more about how to calculate these rates. We are aware of the trend that creators and artists can maintain their original art, and we speculate that their value will increase in the future. How does this trend affect buyers and sellers’ behavior? And ultimately, how and who sets the “industry standards”?
Not many people buy items at such high-end auctions. Still, this could indicate where the general collectors market is heading.
I’m interested to hear your perspective on this. Is it a positive situation or is it a cause of concern? I want to know what you think.
Anyway, I apologize.
Tomorrow will be better.
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