Re: Lost big money at auction !

Posted by FC on September 15, 2004 at 05:28:52 from (66.84.205.26):

In Reply to: Lost big money at auction ! posted by Jonathan Mirgon on September 14, 2004 at 18:57:27:

Several years ago we consigned a large number of items to a local auction house during the 1st week of December. Usually there is a good turnout during this time of year, but this particular time it snowed a day before the auction, and tempuratures dropped below 0 the night of the auction. Talk about a beating! To top that I had a Wheel Horse mower in it, and had told the auctioneer to put a reserve on it, and he replied that if it did not sell he would not charge commission on it. When I recieved the receipts the commission was on there for the amount of my reserve (20% of $400 = $80). I demanded my money back and got it, but due to no turnout their were certainly some good buys that night for someone. But then again, I have seen the opposite happen where everything sells for more than it is worth (in my opinion). That seems to be the case when I go to 'em as a buyer.

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