They are quite high. I use their 'how much do I feel like paying' facility on the lot page which calculates how much to bid then adds commission VAT etc to achieve your chosen amount. I have been to the auction and many guns failed to meet their reserve and didn't sell on the day I was there.
They are quite high. I use their 'how much do I feel like paying' facility on the lot page which calculates how much to bid then adds commission VAT etc to achieve your chosen amount. I have been to the auction and many guns failed to meet their reserve and didn't sell on the day I was there.
My view on their fees are that they are open and clear about them and they have a business to run. If you were so inclined you can quite easily add up the total value of all the goods sold at the auction. The Buyers premium (plus the sellers premium although this is no longer detailed on their website) is their gross margin. Out of that they have to cover the costs of the sales room, the staff, all the free valuations they carry out around the UK, Europe and the rest of the World, all the transport costs, all the costs of inspecting (for proof), describing and photographing each item and then entering that into the catalogue etc etc.
Because they have operating for a number of years I suspect they are making a reasonable profit - i.e. enough that staff and directors can make a reasonable living but not a lot more.
Like any business if you don't like the price, don't buy it.
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