Re: Goldin auction record breaking prices
With the explanation it is understandable...but, I'd hazard a guess that most of the consignors are already bidders as well, and, the auction house doesn't have to give up the sellers money to entice them to consign more...The issue you would have is why wouldn't those that are already consigning and buying convert to your proposal? If so, the business model for the auction house suffers...
It is interesting, though, as a new consignor incentive..but, you still have the legalese of what happens if the consignor doesn't spend the credit? How , or when do they get it back?
With the explanation it is understandable...but, I'd hazard a guess that most of the consignors are already bidders as well, and, the auction house doesn't have to give up the sellers money to entice them to consign more...The issue you would have is why wouldn't those that are already consigning and buying convert to your proposal? If so, the business model for the auction house suffers...
It is interesting, though, as a new consignor incentive..but, you still have the legalese of what happens if the consignor doesn't spend the credit? How , or when do they get it back?
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