Consigning Firearms at Auction
What is a reasonable percentage I should expect when consigning firearms at auction.
I'm thinking 20% for $3,500 or under
15% for 3501 to $7,000.
10% over $7,001
any advise ?
Seger
I'm thinking 20% for $3,500 or under
15% for 3501 to $7,000.
10% over $7,001
any advise ?
Seger
0
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3% at GunBroker.com 0 -
quote:Originally posted by seger
What is a reasonable percentage I should expect when consigning firearms at auction.
I'm thinking 20% for $3,500 or under
15% for 3501 to $7,000.
10% over $7,001
any advise ?
Seger
Are you asking as what you should expect to pay to sell a firearm, or receive from the sale of selling someone else's firearm?0 -
I think that the auctioneer usually sets the commission. Most also have a buyer's fee. My understanding is that they set the rules, you take it or leave it.
Neal0 -
What percentage should I expect to pay the auction house when consigning firearms for auction ? I will be the consigner . The winning bidder can expect to pay 15 to 20% as well on the back end.
Seger0 -
At my local auction house the sellers paid 0% on guns and coins, but the buyers paid 18%. They sold a lot of junk guns this way, but i did win a mossberg 20 ga pump for around $130.
Anything besides guns and coins the sellers were charged 10% and the buyers extra charge was still 18%.
Your contract with the sellers would make it easier if you just set a standard rate and not a sliding scale....it would make things easier all around.
just my .02 cents0 -
10% for guns 0 -
If you are to be the consigner, consider listing your guns on GunBroker. If you don't feel up to it, consider consigning them to a dealer such as Locust Fork.
Or me.
Where are you? Locust Fork is in Alabama, and I am in Texas.
You can surely find a seller who will do better than your median figure of 15%.0 -
I'd not likely turn my guns over to an auctioneer unless I could set the reserve. Given that, 15% would be fine with me. 0 -
My local gun dealer runs one or two auctions a year. He charges 10% sellers premium and 10% buyers premium.
If a guy had a bunch of guns or some real high dollar guns, I'd bet he'd work with the premium...........
If you set a reserve and the gun doesn't sell, he charges a fee.
He has Insurance, rental of a hall, and employees.0 -
Aroud this part, a couple of auction guys,,flat 10% on guns, 20% on everything else, NO buyers premium,,Nobody here likes the "buyers"[B)] premium, and hence nooone uses it- 0 -
If you set a reserve, you may have to pay a percentage of the reserve price if the gun or other article does not sell. 0 -
If you're in Indiana I'd be glad to list on GunBroker for a fair cut. 0
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