New Posts For Thread: Are auction houses the biggest bunch of crooks ever?https://community.betfair.com/chit_chat/go/thread/view/94038/30567017/are-auction-houses-the-biggest-bunch-of-crooks-everThey should wear a bloody mask! Just watching on telly now. 20% from the buyer, 20% from the seller, plus another £12 flat fee off the seller to list the item. So if something sels for £100 the auction house gets £52. Incredible.torq, ive bought and sold at auctions for a few years now and seen the commision rate double in some places 10-20%. for a general auction house now commision varys from house to house approx 15-20% being the norm. i have never paid any other fees onhttps://community.betfair.com/chit_chat/go/thread/view/94038/30567017/are-auction-houses-the-biggest-bunch-of-crooks-ever?post_id=545815721#545815721torq, ive bought and sold at auctions for a few years now and seen the commision rate double in some places 10-20%. for a general auction house now commision varys from house to house approx 15-20% being the norm. i have never paid any other fees onSun, 09 Aug 2015 17:48:16 -0500That's right. To confirm, if an item sells for £100, this particular auction house charged the buyer £120 in commission plus £4 in VAT (20% of the 20% commission). They also charged the seller £20 plus a £12 listing fee.This boils down to thehttps://community.betfair.com/chit_chat/go/thread/view/94038/30567017/are-auction-houses-the-biggest-bunch-of-crooks-ever?post_id=545809829#545809829That's right. To confirm, if an item sells for £100, this particular auction house charged the buyer £120 in commission plus £4 in VAT (20% of the 20% commission). They also charged the seller £20 plus a £12 listing fee.This boils down to theSun, 09 Aug 2015 09:04:54 -0500No, VAT is charged on tophttps://community.betfair.com/chit_chat/go/thread/view/94038/30567017/are-auction-houses-the-biggest-bunch-of-crooks-ever?post_id=545809619#545809619No, VAT is charged on topSun, 09 Aug 2015 08:49:04 -0500Isn't the charge of 20% to the buyer, in fact VAT?https://community.betfair.com/chit_chat/go/thread/view/94038/30567017/are-auction-houses-the-biggest-bunch-of-crooks-ever?post_id=545809583#545809583Isn't the charge of 20% to the buyer, in fact VAT?Sun, 09 Aug 2015 08:46:27 -0500Leopard thanks for asking, I just haven't bothered with the forum much, not like it was a few years ago a!https://community.betfair.com/chit_chat/go/thread/view/94038/30567017/are-auction-houses-the-biggest-bunch-of-crooks-ever?post_id=545808833#545808833Leopard thanks for asking, I just haven't bothered with the forum much, not like it was a few years ago a!Sun, 09 Aug 2015 07:24:36 -0500Golfboy....where have you been.....seem to have been missing for a while?https://community.betfair.com/chit_chat/go/thread/view/94038/30567017/are-auction-houses-the-biggest-bunch-of-crooks-ever?post_id=545803693#545803693Golfboy....where have you been.....seem to have been missing for a while?Sat, 08 Aug 2015 13:15:09 -0500and up to 28 days to get your dosh from the auction house after the salehttps://community.betfair.com/chit_chat/go/thread/view/94038/30567017/are-auction-houses-the-biggest-bunch-of-crooks-ever?post_id=545798927#545798927and up to 28 days to get your dosh from the auction house after the saleSat, 08 Aug 2015 06:20:58 -0500That's if you get a good auctioneer. Was watching an auction (Gerrards, St.Annes-on-sea) online and the guy looked and sounded like he had a massive hangover and was totally disinterested in the lots he was selling.https://community.betfair.com/chit_chat/go/thread/view/94038/30567017/are-auction-houses-the-biggest-bunch-of-crooks-ever?post_id=545798449#545798449That's if you get a good auctioneer. Was watching an auction (Gerrards, St.Annes-on-sea) online and the guy looked and sounded like he had a massive hangover and was totally disinterested in the lots he was selling.Sat, 08 Aug 2015 05:32:26 -0500bit like betfairhttps://community.betfair.com/chit_chat/go/thread/view/94038/30567017/are-auction-houses-the-biggest-bunch-of-crooks-ever?post_id=545795217#545795217bit like betfairFri, 07 Aug 2015 16:34:04 -0500so seller only gets £68 from it and the buyer ends up paying £120?does sound like daylight robbery.https://community.betfair.com/chit_chat/go/thread/view/94038/30567017/are-auction-houses-the-biggest-bunch-of-crooks-ever?post_id=545795085#545795085so seller only gets £68 from it and the buyer ends up paying £120?does sound like daylight robbery.Fri, 07 Aug 2015 16:18:07 -0500