Showing posts with label greed. Show all posts
Showing posts with label greed. Show all posts

Tuesday, October 23, 2007

Come on Guys, You Can Do Better

Ann Althouse linked to this article. It is a fascinating story, but I was struck by the following, "Ms. Gibson will receive the promised $15,000 reward from the seller, as well as a smaller finder’s fee from Sotheby’s, which the auction house declined to disclose." Let's see, doesn't the auction house get a 20% commission. That's $200,000 if the painting in fact sells for a million dollars. Surely Sotheby's can pony up more than a piddling couple of thou. In this case, I think they should split the commission more nearly 50:50.