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.
- 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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