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Old 01-16-2008, 06:48 AM
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Default REA consignments

Posted By: JK

Rob,

I agree.

Barry,

Respectfully, I just dont understand why the consignor would not want to share that information. However, I certainly understand why the auctioneer may not want the information shared. Of course, you also have Mastro advertising 0% commissions in a banner ad, so Im not sure what the problem there is either.

Finally, someone above mentioned something along the line of consignors shouldnt expect to get a service for nothing - not sure I agree completely. In my opinion, the auctioneer needs the consignor more than the consignor needs the auctioneer in most cases. An auction is only as good as the items being auctioned off and good terms are a must to get quality material. The payoff comes at the end, when the items are sold and the auctioneer gets to add its BP. Its not much different than a buyer's side real estate agent who works for nothing and gets paid only if his/her client buys a house (and then not from the buyer, but by the seller).

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