Originally Posted by Sniper
Originally Posted by 6bblgt
another # to look at is the seller's net $ figure at an auction

$30,000 hammer price
$33,000 buyer pays (hammer + 10% buyer's fee)
$27,000 seller receives (after 10% seller's fee) - any additional consignment fees

$6,000 auction fees + any additional consignment fees

seller & buyer will both have costs associated with transportation, lodging & registration to attend the auction

apimp after a good auction weekend, the seller is going to end up with $25K in his pocket for his $30K hammer collector car!



So the seller sold a $25k car and the buyer bought a $35k car. Same car, lol.

I have a cousin that's a realtor, maybe she ought get into auctioning cars off, seems that's where the money is.


Thanks - yeah, this is the math that has me all ??? scratching my head...

..at the end of the day, the hammer price is IMHO the value..

- Art

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