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Auction question


ditchman
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On ‎03‎/‎11‎/‎2018 at 20:44, pinfireman said:

If you have several items for sale, you can often negotiate a lower sellers commission..... especially with the smaller auction houses. 

That's certainly true for car auctions, the big fleet sellers pay a small fraction of what you or I would be charged

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1 hour ago, Vince Green said:

That's certainly true for car auctions, the big fleet sellers pay a small fraction of what you or I would be charged

BCA auctions charge large commissions to the buyer, to placate their trade buyers, who do not want punters to be able to snaffle a bargain! My pal beat this system, by buying 3 cars at almost scrap value, sold them on at a small loss, and applied for a trade account! Now, as a "bona fide" trader, he only pays a flat £50 commission on vehicles he buys, regardless as to the hammer price! And he gets trader insurance! So long as he buys 3 a year, he,s ok. All his extended family and friends take advantage of this.

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