Re: buyers premium local auction houes say 90% county wide

Posted by jimva on May 04, 2009 at 12:50:04 from (96.240.183.158):

In Reply to: buyers premium local auction houes say 90% county wide posted by ben brown on May 04, 2009 at 12:10:02:

The only buyers premium Auction Companies charge around here is if you pay with a Credit Card.

Several years ago a big auction company moved into the area and started having yearly equipment consignment sales.

First year they did pretty good. They charged you 10% sellers fee, 5% buyers fee, 2% buy back fee, and they also charged you a 2% no sale fee based upon your set reservce price if the item didnt sell. Also if you were goin to pay by check it had to be a certified check or you had to have a letter from the bank stating you had the funds to cover up to such and such amount. They lasted one more sale and they havent been back since.

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