commando1
Old Man with a Hat
Anybody know what %age the seller finally ends up with?
So, if the gavel goes down at 10k, the seller gets 9 and the buyer pays 11. 2 grand or 20% to the house.
I don't know the industry to say if they are excessive or not. I imagine the cost of doing these big mega-auctions is astrnomical. It's not like hiring Bert the tobacco auctioneer chanting a bunch of cars passing through a barn.Yep. Not a bad racket, I mean deal.