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2022.06.03 added links to LisaList1 and LisaFAQ to the General Category

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Author Topic: Lisa 1 Sells for $882K  (Read 2991 times)

anotherLISAguy

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Re: Lisa 1 Sells for $882K
« Reply #15 on: October 21, 2024, 06:34:18 am »

Interesting to know...

Is Christie's like eBay where you only pay some amount over the runner-up's top bid, or is it just an ordinary auction where you pay the price you bid?

The buyer pays the price bid PLUS an additional premium above the bid - in the US it is a heavy 27% for this sale.
"27% of the hammer price of amounts in excess of $50,000 up to and including $1,000,000;"

https://www.bonhams.com/how-to-buy/buyers-premium-united-states/

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TorZidan

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Re: Lisa 1 Sells for $882K
« Reply #16 on: October 21, 2024, 04:05:27 pm »

Interesting to know...

Is Christie's like eBay where you only pay some amount over the runner-up's top bid, or is it just an ordinary auction where you pay the price you bid?

Yes, it is like eBay, at least for online auctions:

"A max bid sets the highest bid you are willing to place on a lot and continues to bid on your behalf until that bid is exceeded. If two or more bidders leave identical bids, the first bid received takes precedence. You can change your maximum bid amount if the current bid is lower than your maximum bid."
« Last Edit: October 21, 2024, 04:09:06 pm by TorZidan »
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