Auctions
Posted: Mon May 13, 2019 5:36 pm
Yes, I know it's sad, but with a mild interest in antiques, I find Flog It interesting.
I do though get a little annoyed when the auctioneers commission is announced.
Todays auction house charge 20% [usually 15% is more common], so the seller loses this from the hammer price and the buyer finds the price they pay inflated by 20%.
I realiise the auctioneers do some research and have expenses including publicity, but 40% does seem rather steep.
I do though get a little annoyed when the auctioneers commission is announced.
Todays auction house charge 20% [usually 15% is more common], so the seller loses this from the hammer price and the buyer finds the price they pay inflated by 20%.
I realiise the auctioneers do some research and have expenses including publicity, but 40% does seem rather steep.