Posted by Sagebrusher on September 14, 2007 at 14:43:53 from (66.82.9.59):
In Reply to: Some auction questions posted by John N Mi on September 14, 2007 at 11:08:07:
Guess it all depends on the auctioneer, the sellers and the buyers. An eighty some year old friend of mine had an auction in Oct, 06. That particular auctioneer ALWAYS charges a "buyers premium" of ten percent. That was in addition to the cut he took of my friend"s proceeds. The auctioneer was making 20 to 30 percent commission (I"d have to ask Joe again for certain) on everything that went across the block. Have you seen a running "46 Case VAC with trip bucket loader and air worthy tires go for fifty bucks lately? Wish I hadn"t gotten disgusted and left before the equipment was auctioned. Expensive lessons were learned that day. . . Most of the auctioneers here "bouts (SW Idaho) DON"T charge a "buyers" premium. I avoid the ones that do, let alone if they tried to get a dam admission charge.
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