Posted by Nathan (SD) on December 09, 2011 at 23:26:12 from (75.102.183.211):
In Reply to: sale commission posted by flying belgian on December 09, 2011 at 18:31:44:
I haven't heard any rates lately. About 10 years ago I thought they were pretty out of hand. I had 3 friends dealing. 1 had a auction, 2 didn't. 1 guy that did, paid out $13,000 out of the sale. He put up $3000 to get them signed on. He was happy. I thought he was nuts. Pretty good pay to 5 people for about 10 hrs of work. 2 cashiers and 3 auctioneers.
The other 2 guys sold their stuff themselves one piece at a time.
They all claim advertising costs. Big BS story in our part of the world. 2 of the regional publications and 1 free online site will bring you 95% of the people. The other 20 places they advetise is overkill cuz they aint paying for it. I don't know about prep costs but in the last 5 years the prep work has gone down hill with all auction guys.
As far as real estate sales. A ad on the the stop light post on main street would be enough advertising. It is always the land hogs and the guys next door bidding.
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Today's Featured Article - Fasteners: The Nuts and Bolts of Nuts and Bolts - by Curtis Von Fange. The nuts and bolts of nuts and bolts is an interesting and essential piece of knowledge that applies to our older tractors. An improperly torqued capscrew on an engine head or a shear bolt that is too hard on the driving shaft of a bushog can create havoc and make an expensive and uncalled for repair. Let�s examine the purpose and design of these fasteners in order to ensure their proper use. Fasteners are probably one of the aspects of mechanics that is given the least amount of thought.
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