[Orioles1954]

Originally Posted by x2drich2000

Guessing you have never actually discussed the business side of running an auction company because if you have you would very quickly realize they do not just sit back and collect transaction premiums. There is a lot that goes into running the business including acquiring consignments, dealing with unrealistic expectations, photographing, research, writing description, producing a catalog, accounting, paying salaries, buying software, answering questions from prospective bidders, shipping, etc. I would recommend talking to a few of the auction houses, many of which the owners are members of this board, and find out what kind of profit they are really making from the business.

+1

Operating an auction is definitely not easy.