What's A Reasonable Commision
A former co-worker who knows that I do a little online auction stuff asked me if I might know anything about a WWII item (not a weapon) that he has and what it might be worth. It wasn't really my thing and too large to be easily shipped, but I told him that I would check into it. I spent a couple of hours doing research, made contact with an auction house with whom I have a relationship and the auction house agreed to take it for their next major auction. If he does nothing more than help me load the item into my truck, what do you all think is a fair commision for me to receive for my efforts? The item may be worth somewhere between $500-$1000. I have a figure in mind, but, would like to hear anyone's thoughts. Thanks.
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I put consignment items in my store and ask 15% and have never had a complaint. RJSnow 0 -
Since god only asks for 10%, that should be enough for anyone. 0 -
10% to 15% seems reasonable and fair. 0 -
10% plus any actual costs - like a tank of gas to drive said item to the auction... 0 -
I would agree with 10%-15% plus expenses if you have to use your truck to haul it somewhere. Maybe he can haul it and you can go with him to help? 0 -
I'd try to get a minimum of $100 as a guarantee,plus 5% of the sellin' price.
But that's just me.
BW0 -
quote:Originally posted by p3skyking
Since god only asks for 10%, that should be enough for anyone.
LMAO. And she gets it, too. [}:)]0 -
Thanks for the replies. You guys are too nice. I checked with a local (that other auction we love to hate) shop that charges 40%, with no guarantee, to handle online sales transactions, but, they will take just about anything, photograph it, list it, etc. Most of the local antiques group shop charge a booth rental based on square footage, then 5 percent of sales on top of that. I don't think I would be making any money if I only charged 10 or 15 percent, considering the time I have already put into it, plus I will have to handle all the paperwork before and after the sale, invest a half day transporting it, etc. And, it's not like I solicited him for the business. I do appreciate the input. Probably, I should have just offered to buy it from him for a couple hundred bucks and gone from there. BTW, the item is an Army gun rack for M1s. 0 -
I started out on another auction and doing the shows a little and was charging 10%. It wasn't enough for the internet sales, with the fees and the time to list and ship. A friend of mine got into it and charges 20% and guys are willing to pay it, so I got back into it because he has been to busy to take on any new clients. It should be on a graduated scale like the final value fees. He as sold several guns on here any where from $250.00 to $1800.00, so commisions of $50.00 to $360.00 for the same process. Dosen't seem right, so something over $500.00- 10% + fees for the first $500.00 then 5% for anything after that. On an $1800.00 sale- first $500.00 = $50.00 + final value fees; remaining $1300.00 = $65.00 Total-$115.00 + fees.
Something on these lines, not exactly like this but you get the idea. Because once you get started it is not that difficult.
CHECK OUT WHAT I'VE GOT LISTED[;)]
http://www.gunbroker.com/Auction/SellerAuctions.asp?User=88430 -
...as you did not call him a "friend", 10-15% sounds reasonable...[;)] 
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10%-15% 0 -
True, bloviator. Not a friend but and acquaintance and that would make a difference to me. He's a conservative businessman and still has his Bush/Cheney '04 bumper sticker; he's just computer illiterate. I usually get 10 or 15 percent as a "finder's fee" from a friend who deals in furniture and folk art. That deal works fine for both of us because we do find each other things occasionally. And, neither of us ever asks for anything from the other. I suppose a fair deal is whatever he wants to pay and I decide to accept. 0 -
I like the sound of 1/3... 0 -
quote:Originally posted by mateomasfeo
I like the sound of 1/3...
[:D][xx(]0 -
I like the sound of a lawyer giving free advice.[:D] 0 -
quote:Originally posted by woodshermit
I like the sound of a lawyer giving free advice.[:D]
[:D][:D][:D]
Ben0
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