[MV] That auction trap

Chance
[color=blue]
> That last one belongs to the type of person who hasn't worked out the
> difference between auction listings and magazine listings. It's like
> someone dropping off a diamond to get auctioned at Sotheby's, then going
> back after the sale to tell all concerned that it sold for a higher price at
> Herr Dettweiler's Hamburg Auction-o-terium simultaneously, so too bad for
> Sotheby's. Those people should be dragged through town behind a stagecoach.
> Alot.[/color]

We were talking to some people recently who wanted to auction off some
family heirlooms and approached that famous auction house and they were
basically told "our fee is 50% of the realised price at auction" BUT
there was also a non-sale fee if an item didn't make reserve and that
was a fair chunk of the reserve price.

Needless to say, after they got over their initial shock, they just
walked away.

Wonder how long it will be before the likes of a certain US surplus
auction organisation starts charging a "bidders fee" (as well as a
winner bidders premium), regardless of whether or not you actually bid
or win an item...........

Regards
Doug

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