How do auto auctions make money

Most auctioneers are paid on commission rather than with a salary, so their income can vary widely depending on what they are selling and how many people are bidding on it. The percentage of the selling price that an auctioneer keeps can vary widely between a low of 10 percent and a high of 30 percent. Because they are paid through commission, this number may vary widely depending on how many auctions an auctioneer does in a year and how high the bids are at the auction.

More experienced and well-known auctioneers usually find it easier to find work and are able to charge higher commissions because of their expertise and experience. Auctioneers in particular fields may perform other duties in those fields.

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For example, a real estate agent may moonlight as an auctioneer, and an antiquarian book appraiser may also oversee book auctions. Auctions vary from farm auctions where box lots sell for a dollar all the way to fine art auctions where paintings may sell for millions.

Not surprisingly, the auctioneers who work in the latter auctions make more money than those who work in the former. Most auctioneers sell more mundane objects and make far less money.

The number of auctions an auctioneer performs in a year, the quality of the merchandise in the auctions and the size of the bids that people make are the primary factors determining an auctioneer's income. Auctions tend to draw larger crowds and more expensive merchandise in cities than in rural areas.

Farm auctions are a frequent occurrence in agricultural areas, but rarely feature extremely expensive items. Auctioneers who work in urban centers typically make more money than their rural counterparts. This income difference is compromised somewhat by the higher operating expenses that exist in urban areas. Some fields of auctioneering pay far better than others.

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At the top of the heap stock broker research analyst fine art auctions such as those at Christie's real time stock market graphs Sotheby's, which sell works by very famous how do auto auctions make money. At the bottom are local estate auctions that feature everyday household goods that people often buy for very little money.

In between these two extremes, everything from collectibles to rare books to real how do auto auctions make money to livestock can be purchased at an auction. In general, the more valuable the items being sold, the more money the auctioneer can expect to make.

Automobile detailers ensure that cars and trucks look their best through cleaning and maintenance. Their efforts can add value to a vehicle by Auctioneers run auctions - public sales where items are sold to the highest bidder. These professionals appraise the valuables of potential clients, To some people it may sound like a foreign language, but there is a system and purpose for the way an auctioneer When competition is high and inventory is wide, home sellers need to be doubly creative to attract buyers.

An alternative to selling By Jagg Xaxx eHow Contributor. How to Speak Faster.

How to Become an Auctioneer. How to Learn the Auctioneer Chant Online. How to Find Home Auctions. How to Start an Auction House Business.

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