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.
Ever hire an auctioneer?
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?
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?
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