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Re: Estate (tag) Sale vs Auction [Re: T-Rex] #7636966
07/28/22 12:24 PM
07/28/22 12:24 PM
Joined: Jan 2009
Posts: 4,561
Nebraska
Trapset Offline
trapper
Trapset  Offline
trapper

Joined: Jan 2009
Posts: 4,561
Nebraska
The only way an auction works is to sell it all with no cherry picking b4. The few crazy high stuff makes up for the low. Most auctions base % on how much they think the sale will gross. The more junk the higher the commission. They will bid the commission lower to stay competitive if it looks to be a good sale. JMO.

Re: Estate (tag) Sale vs Auction [Re: T-Rex] #7636971
07/28/22 12:38 PM
07/28/22 12:38 PM
Joined: Dec 2006
Posts: 4,933
PA
E
elkaholic Offline
trapper
elkaholic  Offline
trapper
E

Joined: Dec 2006
Posts: 4,933
PA
All the above is good advice.

The only thing I will add is get anything "out" that you want to keep before the person conducting it comes in. Around here once the auctioneer or person doing the tag sale come in they have absolute control. A friend had an estate sale of hers moms stuff. She found something she really wanted to keep after the seller came in and took pics and priced everything. He made her buy the item. He did give her a break, but still......


Millions of trees die every year to print environmentalist publications
Re: Estate (tag) Sale vs Auction [Re: 20scout] #7636973
07/28/22 12:38 PM
07/28/22 12:38 PM
Joined: Dec 2006
Posts: 15,694
MN, Land of 10,000 Lakes
T
Trapper7 Offline
trapper
Trapper7  Offline
trapper
T

Joined: Dec 2006
Posts: 15,694
MN, Land of 10,000 Lakes
Originally Posted by 20scout
How much time do you want to deal with tire-kickers? Craigslist is an option but then you get some real crazies you have to deal with. K-bid might be a good option to look into and if it doesn't sell then Craigslist or Facebook Market perhaps.

The problem with K-bid is that they usually take at least 25% of the selling price. I sold a bunch of 1 1/2 Victor CS. They went for about $3.50 each to the high bidder. Then K-bid took their 25%. I ended up with about $2.75 per trap. I always took good care of my traps and they were in great condition. Before I listed with this K-bid seller, I had checked with another one who told me they took 40% of the selling price. IMO, K-bid can be a good place to buy from. But, not a good place to sell from.

I love garage sales that list as "Estate Sale" because in most cases it's an "everything must go" sale and the seller will negotiate the price.


We are told not to judge all Muslims by the actions of a few lunatics, but are told to judge all gunowners by the actions of a few.
Re: Estate (tag) Sale vs Auction [Re: T-Rex] #7636984
07/28/22 12:56 PM
07/28/22 12:56 PM
Joined: Feb 2011
Posts: 1,402
nebraska
S
scheide Offline
trapper
scheide  Offline
trapper
S

Joined: Feb 2011
Posts: 1,402
nebraska
The 25% they want for doing an auction in our area sure stings.

Re: Estate (tag) Sale vs Auction [Re: T-Rex] #7638060
07/29/22 11:27 PM
07/29/22 11:27 PM
Joined: Dec 2006
Posts: 7,516
WI>>>MN >>>WI
T-Rex Offline OP
trapper
T-Rex  Offline OP
trapper

Joined: Dec 2006
Posts: 7,516
WI>>>MN >>>WI
Is 25-50% commission a bad thing?

yeah, maybe if I have only one thing for sale, that anyone can easily look up on a "blue book" or something.

But, when a sale comprises hundreds or even thousands of items at a proper, market rate sale price, It could be money well spent. Most of us, at least myself, have little knowledge, or feel for the value of used stuff.
  • Priced too high, not only will an item not sell, but It may also discourage buyers from looking further.
  • priced too low and seller may be losing more than just 25 or so %.
I think I will be willing, and even happy, to pay a professional for their staging and pricing expertise.


Man who mistake shillelagh for fairy wand; see pixie dust, also.
Re: Estate (tag) Sale vs Auction [Re: T-Rex] #7638067
07/29/22 11:45 PM
07/29/22 11:45 PM
Joined: Jan 2007
Posts: 16,699
north Idaho
W
wissmiss Offline
trapper
wissmiss  Offline
trapper
W

Joined: Jan 2007
Posts: 16,699
north Idaho
25% is fairly standard and fair in my opinion. Especially if you are hiring a professional with a good track record.

50% is too much, even for the best person/company.


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