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<p>[QUOTE=&quot;J Dagger, post: 9950956, member: 10944&quot;]I think the house looses on a very regular basis. They win more than they lose but they lose. They aren’t all massive losses but they lose at least a few times every auction or sale in my experience. I’ve made some pretty nifty gains off their misses and I make them quite regularly. I think it’s more cost effective to lose sometimes than it is to get everything exactly right in the long run. Sometimes they really blow it though where I’m sure they wish they hadn’t. </p><p><br /></p><p>I talked to a sale runner this year who said he’s missed several 100k+ pieces of artwork in his career. I don’t know what they sold for but it was damn clear it was nowhere even close to their worth.[/QUOTE]</p><p><br /></p>

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