Equipment Auctions ?

[D2Cat]

Thinking about auctions, the one making the money is the auction house. Look at livestock auctions, cattle selling for over $3 a pound. Not too long ago (2022) choice steers were bring $1.30- 1.45.

No matter what the selling price the house gets the same percentage and has the same help, same facilities, same time required to sell!

 

[RCW]

Mean you don't even buy anything from the snack stand?

Absolutely! I’m always good for a coffee and a hot dog….or two.

That’s where watching an online auction is lacking…..no snack stands.

 

[William1]

I'll have an auction of my crap when I move to the old folks home. I'll get $0.10 on the dollar for actual worth, the auction house $1.10 on the value of every dollar. and the buyer paying $1.30 for every dollar of value. Crazy math, right?
I don't care, I'm not going to spend a year whittling it down on my own.
I was involved in auto auctions (I ran a large bank lending dept and we had a few dozen repos every month), only the auction place made out. It gave me a good view of what was going on without finding out the personal hard way.
The best auction for a buyer is a yard sale.