112: Sotheby’s vs. Christie’s, Twitter’s New CEO & Google’s AI Play
Not Investment Advice
00:00
The Limits of Auction Houses
The reserve price is basically its auction house Buying They're all buying but they're guaranteeing you so if you do they don't sell that place. And so they'll put a number above the reserve price and typically It's something extra which is called a buyer's premium. Exactly very different to eBay, which is my experience of auctions Well, I think I know it's really interesting right but it's like what's actually happened in recent years is People with a super expensive or work are being sold for much lower prices than before.
Transcript
Play full episode
