Posted By:
Brian H (misunderestimated)
Actually to run a successful auction house I would recommend charging almost all of the fees to the buyers not the consignors -- so you can get better items and pick up market share.
The bidders (if they were good at multiplication and additon) would still pay the same amount but your auction house would just be the party collecting.
Also I would use Ebay's incremental bidding system rather than the "traditional 10%" that probably leaves money on the table. Also it's stupid that you can only leave a max at "every other" bidding slot. This may have made sense before computers (and good auction software) but it seems almost medieval right now.
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Oh and my cards from Mastro arrived last week (but I paid promptly and live in Chicago so the ground transport took about 1 day).
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And appluse and accolades to Lew Lipset who shipped out my winnings in his last auction most promptly. I appreciated it alot.