Auction additional costs ...

Discuss our on-site auctions and other slot machine auctions.
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badpenny
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Auction additional costs ...

Post by badpenny »

..... 36% !!!
Am I the only one thinking this is becoming obscene?

https://www.the-saleroom.com/en-gb/auct ... 0906e04ce8

What's the highest you've seen?
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bryans fan
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Re: Auction additional costs ...

Post by bryans fan »

Unfortunately this seems to be tbe norm now rather than the exception!
polaris
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Re: Auction additional costs ...

Post by polaris »

Time to bring back Coventry methinks 😂😂
pennymachines
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Re: Auction additional costs ...

Post by pennymachines »

badpenny wrote: Sat Jul 06, 2024 1:39 pm What's the highest you've seen?
From a quick search of the Arena sales results database, Sworders is pipped by McTear's at 37.74%, Omega at 38.8% and Hansons, whose buyer's premium seems to vary between 37.8%, 38.4% and 39.6%. (These include any VAT payable).

Another part of the equation is seller's charges.
With Sworders, for example, it's 17.5% of hammer price, plus VAT (minimum £10.00, plus VAT) per lot. This doesn't include photography charges.

McTear's seller charges, which aren't published online, "...are competitively set at industry standard..."

Omega's standard seller charges are £4.80 (£4+VAT) for all lots sold, plus 22.8% (19%+VAT) of hammer price.

With Hansons it's £5, plus VAT per lot (whether sold or unsold), plus 17.5% of hammer price, plus VAT (minimum £5).
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badpenny
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Re: Auction additional costs ...

Post by badpenny »

It's enough to make you spit! (minus VAT of course!)
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coppinpr
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Re: Auction additional costs ...

Post by coppinpr »

Ive never known an auction house that wasn't run by crooks, how we all miss Coventry, good value and a day out to boot. :cool:

One thing that struck me with the list of charges above....Ebay is looking pretty cheap in comparison :o
It's enough to make you spit! (minus VAT of course!)
I'm afraid unless you can classify your spit as a food its VAT rateable :lol:
chris roadhog
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Re: Auction additional costs ...

Post by chris roadhog »

None of this nonsense when you buy off Old Penny Memories FB clearout sale and....Nice people to deal with! :lol:

Topic split & continued at Old Penny Memories - Site Admin.
pennymachines
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Re: Auction additional costs ...

Post by pennymachines »

At the other end of the scale, Simon Drieu & Co charge £5 per lot buyer's premium and 15% seller's commission.
Snag is, they're in Jersey. :(
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badpenny
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Re: Auction additional costs ...

Post by badpenny »

That is more like it, but as you say it's Jersey.
jimmycowman
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Re: Auction additional costs ...

Post by jimmycowman »

I saw an online only farm sale last weekend go on Fri / Sat to view bid at the weekend. It finished on Monday, at 10am, one lot every 30 seconds, about 400 lots. The commission was 5% only. Yes, all the lots at the vender's farm, so no storage costs... but only 5%... Why are these auction houses greedy people?
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