Your new Saturday obsession: Going to auctions

DENVER BUSINESS JOURNAL - People die with great stuff.

When their estate is settled, a large quantity of their home furnishings, decorative items and jewelry get consigned to your local auction house for their weekly sales to the public.

You should go.

The rationale

The auction house business model is easy to explain. People consign stuff. It gets sold to the public at a competitive auction. The auction house collects a seller’s premium from the past owner and a buyer’s premium from the new owner. It’s been described as an ideal business because the auction house carries no inventory and prices adjust themselves for inflation.

Read more at the Denver Business Journal: http://bit.ly/2dUXCqg

Copyright 2016 Denver Business Journal


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