It’s finally starting to feel like we’re in New York. We’re getting lots of work-related meetings we have to go to, we’re rushing around town, riding the subway, passing by Times Square nearly every day, and it’s not as cold as it was when we arrived so it’s easier to walk around!

After our business meeting today we went to Christie’s where Grace placed an absentee bid for a drawing she’s interested in. It’s interesting to see how much money they make off of every piece sold there. They charge up to 25% buyer’s fee on top of the hammer price when you win an auction - that’s on top of any taxes - and they also charge the sellers up to 25% fee. So they can make up to 50% off of items they sell!!! That’s a great margin for any business! Of course as the item goes up in price, the percentage fees go down.

We’re both excited about this and since we can’t be there to bid in person and we had to leave an absentee bid, we’re not sure if we’ll get it or not.

A piece of history, hopefully soon our piece of history

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This entry was posted on Thursday, January 24th, 2008 at 10:41 am and is filed under New York. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.