Posted by Nathan (SD) on December 09, 2011 at 23:26:12 from (75.102.183.211):
In Reply to: sale commission posted by flying belgian on December 09, 2011 at 18:31:44:
I haven't heard any rates lately. About 10 years ago I thought they were pretty out of hand. I had 3 friends dealing. 1 had a auction, 2 didn't. 1 guy that did, paid out $13,000 out of the sale. He put up $3000 to get them signed on. He was happy. I thought he was nuts. Pretty good pay to 5 people for about 10 hrs of work. 2 cashiers and 3 auctioneers.
The other 2 guys sold their stuff themselves one piece at a time.
They all claim advertising costs. Big BS story in our part of the world. 2 of the regional publications and 1 free online site will bring you 95% of the people. The other 20 places they advetise is overkill cuz they aint paying for it. I don't know about prep costs but in the last 5 years the prep work has gone down hill with all auction guys.
As far as real estate sales. A ad on the the stop light post on main street would be enough advertising. It is always the land hogs and the guys next door bidding.
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