Quote:
Originally Posted by Leon
To the original question, buy low and sell high....and never, ever pay a seller's commission, no matter how great the AH says they are......
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As someone who is in the process of becoming an auctioneer, statements like this are so disheartening. If you listened to everybody's advice in this thread you would never deal with a house that charged a seller's commission or over 12.5% buyer's premium. I'd like you to tell me what other business you know of that is expected to survive on a 12.5% margin? I know when I sell as a dealer I certainly couldn't make those margins work. Any full time guys here want to chime in on trying to make a living on a 12.5% GROSS margin? Trust me, one of the reasons I am getting into the auction game is because I think it can be done better, but man I don't know how you expect someone to make a living let alone run a company on the numbers you all appear to be suggesting.