Posted by steve terplak on April 02, 2011 at 19:15:03 from (67.142.168.21):
was at a general auction today...1 tractor there...tools, cars, some heavy equipt.... had a 13% buyer's premium for cash/check (w/ bank note) 16% for credit card on top...there is a consignment fee as well 50% items $1-$10 35% items $11-100 25% items $101-500 20% items 501-999 15% items $1001-5000 10$ items $5001+
over the first 200 lots...he sold $60,000 on items that cost between 1,000 and 5,000 probably sold $175,000 in those first 200 lots
still had 600 lots to go...
must have been a good day for him...i understand there is a lot that goes into running such an affair and i do not begrudge him for what he charges...i am just posting because i am suprised at how high the consignment fee is...on top of the buyer's premium...naively i thought most people charged one or the other...
makes me thankful for our local tractor guy who has no buyers premium and does an 8-10% consigners fee...
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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