This 'there might not be anyone to bid any higher at the auction' rings a little hollow nowadays as most auction houses are online. The only downside to selling at auctions is the percentage they take.
At the auction is a term that includes internet and telephone buyers. I agree that auction houses are really ripping off both buyers and sellers these days, they want 20% off buyer and seller so make ridiculous amounts. There should be a premium to one or the other but not both.
100% bang on the money. Telephone and online bids are very much the norm at auctions for all sorts of reasons these days. I’m not an absolute authority on these things, but I believe the seller has the option to call the reserve price. If the auctioneer doesn’t agree with the reserve, i.e. feels that it is unrealistic, (too high), he can refuse to accept the item for auction.
@@balance3201 rubbish, a dealer that buys from auction will have to pay a premium on the hammer price, so will have far better margin buying privately and will be able to offer a better net price. It's all about knowing the value of your item and choosing a decent dealer. These days if I sell an item to a dealer for £100 I would have to get £125 at auction to break even, but he would have to pay £125 for the item....the only rip-off is the auction who gain £50.....
Interesting show as usual thank you from australia
that treen snuffbox was epceptional
This 'there might not be anyone to bid any higher at the auction' rings a little hollow nowadays as most auction houses are online. The only downside to selling at auctions is the percentage they take.
At the auction is a term that includes internet and telephone buyers. I agree that auction houses are really ripping off both buyers and sellers these days, they want 20% off buyer and seller so make ridiculous amounts. There should be a premium to one or the other but not both.
100% bang on the money. Telephone and online bids are very much the norm at auctions for all sorts of reasons these days.
I’m not an absolute authority on these things, but I believe the seller has the option to call the reserve price. If the auctioneer doesn’t agree with the reserve, i.e. feels that it is unrealistic, (too high), he can refuse to accept the item for auction.
@@bobstirling6885 try selling to a dealer and you ll get proper ripped off..... Auction is still better.
@@balance3201 rubbish, a dealer that buys from auction will have to pay a premium on the hammer price, so will have far better margin buying privately and will be able to offer a better net price. It's all about knowing the value of your item and choosing a decent dealer. These days if I sell an item to a dealer for £100 I would have to get £125 at auction to break even, but he would have to pay £125 for the item....the only rip-off is the auction who gain £50.....
Janice is tight fisted 👊
so sad they show you all whats going too happen
That auctioneer struggled to get up to the reserve both times.