Posted by BarnyardEngineering on April 20, 2018 at 05:19:30 from (173.186.244.247):
In Reply to: Buyers auction fees? posted by Butch(OH) on April 20, 2018 at 03:42:12:
The standard around here is 10%. Some auctioneers will reduce that to 1% on items selling for $1000 or more. The ones that take credit cards tack on another 2-3% for that, and the ones that do online auctions add another 2-3% for "internet premium" if you buy using their online bidding.
You wouldn't be going to many auctions around here if you refuse to go to any with buyer's premiums, because they all do it.
I like to think that the auctioneers are using the buyer's premiums so they don't charge the seller as much commission. I'm probably being naive. There aren't as many auctions as there once was, and those auctioneers have to maintain their standard of living, you know.
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