Paragon Auctions consignors pay ZERO consignment commission fees. Just one low flat rate reserves a place in our auction catalog! NO BUYER’S PREMIUMS – FLAT-RATE CONSIGNOR FEES! Just one low flat rate reserves a place in our auction catalog! NO BUYER’S PREMIUMS – FLAT-RATE CONSIGNOR FEES!!! We are accepting consignments for our upcoming 2012 auctions. Paragon Auctions consignors pay ZERO consignment commission fees. See how Paragon Auctions can get you top dollar for your items:
After helping to sell some of the largest collections and work with other top auction houses, Keith Vari started Paragon Auctions to transform the way auction services are priced and provided. Paragon Auctions realized $2.3 million in sales for its consignors and saved them well over $300,000 in fees, based on the standard auction model, in just over 18 months.
Our fundamental idea is that there are benefits to scale in auctions—benefits to the auction house when you consign multiple items and benefits when you consign increasingly expensive items—and these benefits should be passed on to the consignor and not pocketed by the auction house. It is really that simple. Whether you consign $500 item, a $100,000 item or an entire collection, the fees can range from $125 for a 1/10 of a page to $1,000 for a full page.
From the consignor’s perspective, the standard auction model is broken. The consignor risks the capital, but the auction house wins. Consider the impact of a 10% seller’s commission and 20% buyer’s premium: approximately 27% of the value of your collection is taken by the auction house even though it has no capital at risk. A T206 Wagner that realizes a hammer price of $1,500,000 at auction will generate $300,000* in just the buyer’s premium for the auction house and another $150,000* in seller’s commission; two full pages in our typical catalog, by contrast, generate only $2,000 in fees, or 98% less.