Quote:
Originally Posted by BRENT in 10-uh-C
I keep saying this over & over but labor have become too expensive in this country. The amount of labor it takes to mobilize parts, cars, & items for an auction has become too expensive. Someone must pay to have it done. Most auction companies know their #1 job is to extract as much money as possible for their client (the Seller). If two auction companies appraise the contents of the estate and both a privately thinking they need 35% of the proceeds to have a successful sale, when they approach the Seller and one company says they will do it for 35% of the hammer price, --and the other says they will do it for 25% of the hammer price and will collect 10% from the Buyer, ...who do you think the Seller is going to sign with??
Exactly, -and unfortunately it is Model-A hobbyists themselves who are the worst at "armchair appraising" what someone else's Model-A is worth on the market. Generally speaking they want to keep the market prices low, ….except when they want to sell their own Model-A.
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Do Auto Auctioning/Listings with a buyer's premium affect final proceeds to the Seller much? In other words, do Buyers have a tendency to spend more, or do they figure total cost and stick to the max they want to spend?
My father used to pretty much shun buying things at Farm Auctions that had Buyer's premiums unless there was something he really wanted/needed. We knew of some farmers that would not even go to any auctions with Buyer's premiums.