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#15
04-06-2022, 05:18 PM
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Most auction houses refuse to do Mimimum bids or Reserve auctions. Boo Hoo if the item doesn't sell. Most major auctions have a million in sales per auction. So what if one item doesn't sell. They make money either way whether your item sells for $10 or $10,000. Their interest is in protecting their butt and not the consignor's. They also claim they have to pay a writer to write a description, and the costs of printing the catalogs. That's part of the job. They wouldn't be printing catalogs if it affected their bottom dollar. Everyone needs to understand that the Auction houses make big bucks every auction.
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