powerrabbit Posted October 17, 2013 Share Posted October 17, 2013 There's a 2 day rally coming up close to me and on the Saturday there is an auction. Having one or two small items of not much value kicking around thought that it might be a good way to dispose of them so I asked the auctioneers who will be conducting the auction to send me an entry form. The form arrived in the post this morning but on reading their conditions of entry I would be better off to take stuff to the scrapyard, these are the terms of sale. Entry fee of £10 plus VAT. Commission of 10%, minimum of £25 plus proportion of sale expenses up to the first £1000 plus VAT. I don't think there will be many lots in this sale! Link to comment Share on other sites More sharing options...
robbo Posted October 17, 2013 Share Posted October 17, 2013 You might be quite surprised Tim, that actually doesn't sound too bad, I know of at least one auctioneer who charges 17.5% on the full amount. Link to comment Share on other sites More sharing options...
powerrabbit Posted October 17, 2013 Author Share Posted October 17, 2013 Consider it this way, your lot makes £50 at the fall of the hammer, you have paid £12 inc VAT to enter it, you then have to paythe £25 minimum inc vat in commission, you then have to pay a proportion of the sales expenses plus VAT. not knowing what this proportion will be, your payment for the item you have sold will end up being, before the proportion of sales expenses is deducted £13. This could mean you'd actually end up with between £5 and £10. Link to comment Share on other sites More sharing options...
BC Posted October 17, 2013 Share Posted October 17, 2013 Oh I'm liking this topic it could be a good one in terms of peoples points of views and opinions ...I have my personal opinions on auctioneers and auction houses and like any other job, trade or profession you will get the profiteering sons of unmarried mothers and well I don't mind any person, partnership or Limited Company making a profit but I do not condone profiteering.....in fact akin to me to touching steel wool or cotton wool it freaks me out... ...I'l nowl step out watch and listen and maybe comment later if the topic gets lively since well of late I have had more laughs at funeral's than on FTF....it seems to be dead in my opinion...but again its a free world and every one is entitled to have an opinion. Link to comment Share on other sites More sharing options...
Barry Posted October 17, 2013 Share Posted October 17, 2013 if the topic gets lively since well of late I have had more laughs at funeral's than on FTF.... Hope this helps! Link to comment Share on other sites More sharing options...
powerrabbit Posted October 17, 2013 Author Share Posted October 17, 2013 Not quite sure Barry which one the guns should be used on, probably both! Do you think they're going rabbiting? Some auctioneers in my area, of which there are many, just on farm equipment and related sales take up to 35% of the hammer price, we don't mind them or deny them in making a living but pure greed is another thing. If it's controversial topics that everyone wants, I could start several, as I'm sure a lot of us could. Link to comment Share on other sites More sharing options...
Paul Palmer Posted October 17, 2013 Share Posted October 17, 2013 no offence Bill,this is why the forum is quiet in my opinion because of topics like this,sorry Tim nothing personal,the sooner this forum gets back to its bread and butter,ie models,the better,with real life tractors and equipment,only my opinion Link to comment Share on other sites More sharing options...
powerrabbit Posted October 17, 2013 Author Share Posted October 17, 2013 Point taken Paul but it's very much to do with farming and with a connection to our hobby, how would you feel if you took part or all of your valuable collection of models to auction only to find that the auctioneers had taken nearly 40% of the total? Link to comment Share on other sites More sharing options...
Paul Palmer Posted October 17, 2013 Share Posted October 17, 2013 i wouldnt,i would use ebay ,and yes they take a % Link to comment Share on other sites More sharing options...
BC Posted October 17, 2013 Share Posted October 17, 2013 no offence Bill,this is why the forum is quiet in my opinion because of topics like this,sorry Tim nothing personal,the sooner this forum gets back to its bread and butter,ie models,the better,with real life tractors and equipment,only my opinion I don't mind taking a fence Paul....but taking a gate is another matter...I'm just on here for the posts and photo's I enjoy Link to comment Share on other sites More sharing options...
Guest Posted October 17, 2013 Share Posted October 17, 2013 One near me takes 10% off buyers & 17%of seller s per item then tax add on + a fee for putting item in sale Link to comment Share on other sites More sharing options...
BC Posted October 18, 2013 Share Posted October 18, 2013 Of late I have bought and sold quite a bit using various auction house and auctioneers and commission varies a lot dependant on what is being sold. One of the rallies i attend has an auction sale on the Saturday and they take 10% from both buyer and seller and that 20% goes towards club funds so I thibk that is fair an reasonable. Another one man auctioneer takes 10% commission from the buyer for farm stuff and 15% for specialised stuff like Border Fine Arts etc. I'm not sure what he takes from the seller since I have never sold any stuff with him. There is another auction house I use and they have 5 or 6 specialist sales going at once every 4 weeks. They take a fairly hefty commission at 20% plus VAT and then 10% on Web desigh plus VAT (on the commission and VAT amount) making the total deduction 33.6%. They take 20% plus VAT from the buyer. All in all are taking 57.6% commission including the VAT amount is is high but to be honest all the stuff I have been selling cost me nothing and that saleroom attracts large crowds and buyers and prices realised are good hence the reason I don't mind using them. Link to comment Share on other sites More sharing options...
super6 Posted October 18, 2013 Share Posted October 18, 2013 I can understand paying for a service when auctioning an item, although not the amount that may be charged for the pleasure, but why do you get charged as a buyer? you are not buying a service only an item. I appreciate that when you register as a buyer you agree being ripped off upon winning an item.........caveat emptor comes to mind Link to comment Share on other sites More sharing options...
powerrabbit Posted October 18, 2013 Author Share Posted October 18, 2013 The best auctioneers we have in my area don't charge a buyers premium, what you bid is what you pay, it's the vendor that pays and this is 10% plus VAT, they are not greedy and consequently get a lot of business in farm and machinery dispersal sales. Something we all have to keep an eye out for is an auctioneer 'running' the bids, we had one that did a lot of this and he did it to me once and knocked down an item to me for £10 more than I bid so at the end of the sale I refused the goods. The same auctioneer did the same when my father bought a cow at a dairy sale, when he went to the office to pay for the cow the ticket showed £40 more than he had bid, my father said unless they took what he had bid he didn't want the cow and told the auctioneer that he (the auctioneer) would have to take the cow home and milk it himself, father said 'you can milk the cow but you sure as hell aren't milking me!' Link to comment Share on other sites More sharing options...
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