When I was at the county part of my duties was conducting the annual surplus auction. I would solicit proposals from Licensed auctioneers to conduct the sale. My request for proposals required any response to include commission percentage, projected advertising expenses and who paid for them, amount charged on credit card transactions and who paid and if their was a buyer's fee and how much. I required this so I could compare the proposals and choose the one that was in the best interests of the county. Because of insurance requirements it was unusual for me to get more than one proposal. Last year I got two proposals, one from an new auction company that wasn't owned by an auctioneer (he hired them) and the auctioneer that had done our sale for the last 5 years. Bottom line on general surplus merchandise I paid 20% commission, 10% on motor vehicles with no buyer's fee. One year the sale was really good and the auctioneer slid a boat and our lawnmowers into the vehicle category, giving up about $500 in commission. Both auction companies that submitted proposals for a sale with out a buyer's fee, If I asked for a buyer's fee I was told it would reduce our commission rate. The new auction company on the block warned me the other folks "would always add a buyer's fee" and I should stay away from them because "buyer's fees are unethical" yet in the previous 5 years the company we used never even proposed a buyer's fee. So buyer beware and know what you're agreeing to as a seller or buyer.
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Today's Featured Article - Talk of the Town: The Saga of Grandpa's Tractor - by The following saga is from the Tractor Talk Discussion Forum. Someone. The saga starts with the following message: Hey guys I have a decision to make. I know what you all will probably suggest and it will probably agree with me way down inside, but here it is. I have a picture blown up and framed in my "tractor room" of a Farmall M. It was my Grandpa's tractor, of which whom I never got to meet. He froze to death getting this tractor out of the barn to pull a truck out of the ditch before I was born. Anyway my dad and aunt had to sell it at the auction,
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