Around here, west-central Wis, several auctioneers and auction companys charge a buyers premium of 13% less 3% if you pay cash. I try to stay away from auctions with buyers premiums. 1 auctioneer told me "everybodys doing it--get use to it" He can get use to seeing me less. One MN. auctioneer told me he wouldn't have got an auction if he didn't charge the 10% to the seller and 10% buyers fee. Like I really care. I wish more people would complain to the auctioneers about this. We have an auction company in our area charging [on a consignment, Farm Machinery, sale] a 15 dollar consignment fee, for all items consigned, plus 15% of the selling price, I belive up to 500 dollars. then percentage drops. It is showing in the last auctions--hardly enough machinery to have a sale.I would like to see the greedy auctioneer, the one, charging a buyers premium, go out of busines.
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Today's Featured Article - The Niagra View Mobile - Powered by a 1959 Ford Tractor - by Mark Massey. In 1959 the Niagara Frontier Transit Inc. of Buffalo, New York designed and built six Viewmobiles for the Niagara Frontier Sightseeing Inc. for use as a sightseeing ride at the Niagara Falls State Park, Niagara Falls, New York, powered by a 1959 Ford 611 Tractor.
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