Re: Reserve price farm auctions

Posted by Mike (WA) on June 17, 2005 at 15:43:30 from (209.213.153.111):

In Reply to: Re: Reserve price farm auctions posted by mike brown on June 17, 2005 at 13:12:31:

Local consignment auction handles it that way- If you ask them to put a reserve on something, they refuse, and tell you to be there yourself to protect it if you want- and they charge a flat $100 for a bid-back, not their normal percentage. Guys will take a chance for that price, while they might not if its a $10,000 item on 10% commission for buy-back. Auctioneer still makes pretty good wages for wasting a few minutes of his time on a "no-sale".

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