Quote:
Originally Posted by Cubswin82
The way most auction houses work is there is a BP (typically 20%) that the Buyers pay and a co-signment fee that the seller pays (or actually comes out of the final sales price)...which typically ranges from 5%-20% depending on what the item is and how much money the AH thinks they can make off of it.
So for instance...I want to sell an item and lets say it goes for $1,000. Well, when you consign it to the AH, you agree on a fee, lets say 5% in this case. So, if the hammer drops on final bid at $1,000...I get 95% of that so $950. THe buyer of that lot pays the $1,000 + 20% BP, so they are paying $1,200 for that item. The AH makes $250 in that case.
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If you're selling with an auction house that charges a consignment fee you're going to the wrong one. Depending on the value of the cards (nothing super low) you should be getting 0%