auction fees and the damage done

[cardsagain74]

Originally Posted by Casey2296

Nobody's getting rich at 20% gross margin before expenses.

This I doubt. In today's virtual world, overhead and other costs aren't nearly the issue that they used to be. And there's also the "service and handling" that goes toward expenses.

So I'd guess that the big AHs are doing quite, quite well lately. Especially with as many auctions as they run (and how much the most valuable lots are worth nowadays). 20% of those numbers is an awful high figure to start out with.