Auction Price Adjuster
Auction houses report "prices realized," which includes the Buyer's Premium. Because these premiums have risen from 10% in the 1990s to over 25% today, raw realized prices distort the true historical value curve.
Auction houses report "prices realized," which includes the Buyer's Premium. Because these premiums have risen from 10% in the 1990s to over 25% today, raw realized prices distort the true historical value curve.