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Fry's 5 Boys - Lyon & Turnbull Edinburgh
Last Post 09 Apr 2013 04:20 PM by Lummox. 5 Replies.
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SteveTheTykeUser is Offline
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08 Apr 2013 08:30 PM  

So, at £1,600 it didn't seem a bad buy, but add the 25% BP & VAT it brings it up to £2080. The best part of a third of the hammer price added on just for the privilege of buying at auction. The vendor will be lucky to get £1300 once all the chages on that side are deducted. Only one winner here it seems - L & T.
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08 Apr 2013 09:57 PM  
The buyers premium at my local auctions run at 11%, there would be up roar here, if it went up to 25%. I think the sellers fees run at 19.75%, like you said Steve that's 30%, that's a lot of negotiating room selling outside of an auction. I can understand why list in an auction, when an auction flys, anything can happen. I only put really good stuff in auctions, put a healthy reserve on and strap yourself in for the ride.

Gordo
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08 Apr 2013 10:10 PM  
Heard about this sign today and was discussing it with Cherryboy on the blower, Heard it woz the small version Steve, so is that dear or cheap at about £2k ?

Anybody got a picture ?

Lummox
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08 Apr 2013 10:14 PM  
with all other outlets available these days why bother with an auction house taking 25Pc then a hit the other side ...does an auction house really get more coverage then AA or ebay anyhow .
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09 Apr 2013 01:57 PM  

Here you go Lummox
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09 Apr 2013 04:20 PM  
Thanx Fleece

Very nice !

Obviously you are right Ciggy but alot of vendors have still never heard or used ebay & alot of stuff going thru auctions is via probate and deceased estates
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