10 percent ? in my auctioning dreams. I am European based, buying from UK Auction Houses mostly, and the norm is 25 - 35 percent. Bear in mind they collect the same amount from the consignor so they make a tidy profit on each sale.
Buyers premium is brutal with many online auctions. I've seen some on invaluable up to 30%. Very good of you to break those fees out for newer auction buyers because that definitely increases a resellers cost of goods In many cases to where not worth buying.
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Great auction tips!
Great info, thanks from Pittsburgh !
Good learning-thanks!
Great information, thanks!
Glad it was helpful!
Thank you! Super informative!
Very helpful info, Mark. Thanks for taking the time to explain the process and fees.
Great info. Thanks for the cost breakdowns.
10 percent ? in my auctioning dreams. I am European based, buying from UK Auction Houses mostly, and the norm is 25 - 35 percent. Bear in mind they collect the same amount from the consignor so they make a tidy profit on each sale.
Wow!
Thank you!
You bet!
Buyers premium is brutal with many online auctions. I've seen some on invaluable up to 30%. Very good of you to break those fees out for newer auction buyers because that definitely increases a resellers cost of goods In many cases to where not worth buying.