Posted by JD Seller on April 20, 2018 at 05:10:38 from (208.126.189.95):
In Reply to: Buyers auction fees? posted by Butch(OH) on April 20, 2018 at 03:42:12:
There are not many using the buyers premium in my area. It is common for household auctions to have a 20% commission charged for small household only auctions. Many of these auctions do not gross $5-10K total. Many times the auctioneer has to get the stuff out of the house and sell it for the commission.
The one fellow that does charge a buyers premium does not charge the seller anything. He uses the buyers premium as the carrot to bait old people into selling with him. He has many of them convinced that when they sell that way it "costs" them nothing to sell their stuff. A lot of the older tight fisted ones fall for it. On smaller house hold stuff it does not make much difference built on big ticket items it kills the sale around here.
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