#commission 3/3

Mike Brandly, Auctioneer

Jun 8, 20112 min read

Sold! for $1.00

This made me wonder what the minimum cost an auctioneer would incur to sell an item for $1.00 (or for any amount) at a live auction....

Mike Brandly, Auctioneer

Apr 24, 20113 min read

Auctioneer commission is only half the picture

Jonathan K. Wu wrote about this concept in his article titled Seller Revenue & Sales Commission in 2008. Let’s say Gina is comparing 5...

Mike Brandly, Auctioneer

Mar 9, 20114 min read

Guarantee & Split Auctions

This arrangement is known as a “guarantee and split” auction. In this type of agreement, the auctioneer guarantees an amount to be paid...

Mike Brandly, Auctioneer

Mar 7, 20113 min read

How are auctioneers paid?

There are two parties to an auction. On the one side, there is a seller who typically owns the item, or otherwise represents the title...

Mike Brandly, Auctioneer

May 24, 20102 min read

Why do we say, “It sold for … including the buyer’s premium?”

This is done, generally, to attract clients wishing to sell their items for similar prices. If Julie has a Roseville Blackberry vase to...

Mike Brandly, Auctioneer

Dec 16, 20095 min read

Buyer’s Premium

In fact, it’s not more difficult to find ads that say, essentially, “come to our auction since we don’t charge a buyer’s premium” as it...