[Junkyard Dawg]

Long story short; I'm considering pcs'ing to Korea for a year and if I do I don't want to have to worry about putting my stuff in storage, so I thought about just having a public auction at my house.

I'd keep a few things but pretty much everything else will be in the auction. (all the furniture, tv, stereo, washer/dryer, dishes, etc.)

The Chevelle might be in the auction, depends on how I'm feeling at the time. Might even put my S-10 and my Cavalier in there too.

But I'm wondering if anyone knows how the auctioneer fees are, if they're expensive, or do they get a percentage of all the money you make off the auction?

 

[7t]

the one we had at my in-laws estate sale worked on percentage. he was cracking me up this couch no one would bid on he put a dollar bill under cushion than asked for a bid of 50 cents well he sold it i was glad that i didn't have to get rid of it , this thing was about 12ft long. he did that a few times or would keep adding items to the lot up for auctoin till someone bid he sold almost everything. stuff you thought would sale good was about given away then other stuff i thought don't these people know they could go buy that new cheaper than that. you really never know. go to a few local auctioneers auctions and get one with a good personallity

 

[71elkySS454]

You're going for only 1 year, and thinking of selling ALL your stuff, and then having to replace it a year later? You must be making a ton in that year. At an auction like that plan on getting about 10 cents on the dollar for your stuff (if your lucky) and then the auctioneer gets their percentage off of that. I own mini storage units, and sometimes have to auction units for non payment. Sometimes I'm lucky if I get even 1 bid. Several times I've not even received a bid and had to pay someone to take the stuff to the dump!

 

[Guest]

He, He!!

They usually start off like, "Whatdayougive 4!!"....

pdq67

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[Junkyard Dawg]

Ok I guess you guys talked me out of it.

I figured it would be easier to sell some of the stuff versus put it in storage. It just seems like a huge hassle having to put pretty much everything you own in storage and then having to move it again when you get back.

71elky, just out of curiosity what's the ballpark of one of your storage units monthly?

 

[71elkySS454]

I'm in a small rural town, and the rates will vary depending upon a lot of factors in your area. The main one is supply and demand. For a 10x20 size for example (you can store a car in there) I get $69 per month. If you are in a military town, the supply should be good, and the rates should be ok.

 

[ed3196499]

Are you in the service? All that expense should be covered under your orders. You should be able to get extended storage for your belongings along with insurance for nothing. I am not sure about the cars though.

 

[Junkyard Dawg]

Yeah I'm in the service. I've not checked into it though on how it works. Guess I probably shoulda looked into that first.:clonk: Thanx for the heads up.

Elky them ain't bad prices.

 

[Andy69]

Most auctioneers typically get 20% of the sale price. Now, there are a couple of ways to do it. They can take 20% off what they give you, or they can take 10% and then charge the buyer the other 10% (called a "buyer's premium"). Some places charge a smaller percentage if the sale price of an item is over a certain amount (such as 10% of the sale price of a car that sells for $6,000). Many auctioneers also charge extra if you have an item with a reserve price (meaning you set a minumum price at which you will sell, and "reserve" the right to decline a sale if the high bid is below that price). This is to pay them for going through the motions of selling an item that does not sell.