Interesting, thanks. Presumably that doesn't include the sealed bids auctions?
I suppose they generate less income anyway as most of the guns in sealed bids are of lesser quality, although I see Holts now sell off unsold lots via the website for a fixed price inc Vat and commission, based on the lower end of the estimate.
This must help keep overheads lower and shift hard-to-sell stock, although it's not so good for the seller...