kenny thomas
Well-known member
I didn't.
Pro Team Auction
- Thread starter sstterry
- Start date
Help Support CattleToday:
OP
OP
My wife just asked me what I was doing and I told her, "checking metal rooster prices at past auctions".
kenny thomas
Well-known member
Sounds like your tempted to go into the rooster business.My wife just asked me what I was doing and I told her, "checking metal rooster prices at past auctions".
farmerjan
Well-known member
Managed to check out a few things and saw a professional stainless steel chicken/turkey plucker... had to get off and go to get cows in and I guess it sold... It was only going for $100 when I got on to peruse the items... sure wish I could have gotten it...
kenny thomas
Well-known member
Jltrent, watch the next sale for her.
OP
OP
A man has to have something to do when he eventually retires.
No it doesn't. It just doesn't add money to the sellers pocket.
Seller gets no different take home if subtract you 10 percent from 150 your cut of is 136.37)realistically $135).that is what the seller takes home.
If your cut of is 150 and seller pays 10 percent commission seller still goes home with $135
Only difference is most don't dont do that. So on average sellers go home with more money.
It also reduces your chance of being high bidder by at least 10%
If another bidders cutoff is $150 but doesn't subtract the buyers premium. You will stop bidding at $135 and he will bid at least one more time making him the high bidder instead of you .
Last edited:
That would be all fine and dandy if the auction company charged the sellers less if there was a buyer's penalty, most still charge the same percentage. Let's work with 10% just for grins.
Sale with item that I'd spend $150 max on, no buyer penalty and 10% commission rate:
$150 - 10% = $135 takehome for the buyer, auctioneer nets $15.
Same item with a 10% buyer penalty and same commission rate:
$135 - 10% = $121.50 takehome for the buyer, auctioneer nets $27.00 ($13.50 BP plus $13.50 commission).
I can't help other people's stupidity, if they're willing to pay more than an item is worth just to say they bought it - more power to them. A fool and his money soon part ways.
Not they way it works in the real world almost every auction has either a commission or buyer's premium not both.
Like it or not that is the way it works.
And answers the question of why the buyers premium.
No one is forcing you to like it . Or buy from a auction but fact is buyer's premium overall adds more money to sellers and auction house pockets.
Like it or not that is the way it works.
And answers the question of why the buyers premium.
No one is forcing you to like it . Or buy from a auction but fact is buyer's premium overall adds more money to sellers and auction house pockets.
Show me one auction company that charges a Buyer's Penalty but no commission to seller.
I had a rifle recently I wanted to sell, local auction house wanted 15% commission to sell the rifle and would charge the buyer an additional 10% on top of that. I listed it on Gunbroker and they charged 6% for the first $325 and 4% for the balance over $325.
OP
OP
I am almost positive that Pro Team only charges the Buyers Premium. I have sold things there and never paid a "seller's commission".
kenny thomas
Well-known member
I think you are correct.
Tyler Brothers only charge the seller.
Lee Auction splits it between seller and buyer.
farmerjan
Well-known member
Up around this area most all that I have gone to , are sellers pay commission....
