Posted by Spook on September 14, 2007 at 22:08:56 from (198.208.159.19):
In Reply to: Some auction questions posted by John N Mi on September 14, 2007 at 11:08:07:
Friend of mine had an auction a couple of years ago. The auctioneer charged hime $3000 for advertising, for access to his "customers". Then he got his 10% commision on top of that, plus the buyer's premium, 10%. It was a small auction, the auctioneer might have got as much cash as the owner. Another local auctioneer got arrested for fraud a few years back. Told somebody he had sold a tractor at a consignment sale he ran. Turned out he had just kept it, thought the old man wouldn't catch on, but his kids did. He got convicted, but he is still in business. So much for self policing professions.
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