COMMENT – industry split over Advertising Standards Authority probe into auction pricing
The art and antiques trade has reacted with mixed views over the launch of an investigation into the way auction houses display their commission rates. A number of dealers have told ATG that an investigation into transparency of buyer’s premium is long overdue, while auctioneers have pointed out that the proposed changes would be unnecessary and impractical.
The UK’s Advertising Standards Authority (ASA) is considering whether estimates in auction catalogue…