How a $40M duo is leading a luxury auction brokerage branch

  • Steve Games, chairman of Pacific Sotheby's International Realty, has high hopes about his new auction division.
  • PSIR, the auction division and Concierge Auctions are compensated by a negotiated fee from the buyer in combination with a seller's incentive.
  • The marketing and timing aspect of auction sales mean that luxury buyers are more inclined to move quickly.

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Inman Connect New York | January 29 - February 1, 2019

The grand, revered auction rooms of Christie’s and Sotheby’s in London, Paris and New York — which sell millions of dollars of fine art, antiques and jewelry every year — are testament to the fact that the wealthy like the auction process.