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Auctioneers paid flat fees instead of commission?

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  • Jughead
    replied
    Re: Auctioneers paid flat fees instead of commission?

    Originally posted by Tom Litton View Post
    I spoke to a fellow auctioneer from Illinois at the National Auctioneers Association and he stated that many facilities, especially in the Greater Chicago area pay a flat fee to their auctioneers instead of a percentage of the gross sales. Does anyone engage in this practice and would you care to explain the reasoning behind flat fees versus a commission?
    In Washington we are not required to advertise in the newspaper. Many auctioneers work for a flat fee since the facilities will only pay them that way. I don't think that auctioneers who get a flat $150 to do an auction really try very hard. In the long run, the facility loses money this way. There is also a strong argument that it is not commercially reasonable.

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  • storageDE
    replied
    Re: Auctioneers paid flat fees instead of commission?

    I prefer a percentage based payment to an auctioneer, flat rate payment and they have no incentive to get more out of the unit. If they get a percentage they are more inclined to get as much as possible out of a unit.

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  • Tom Litton
    started a topic Auctioneers paid flat fees instead of commission?

    Auctioneers paid flat fees instead of commission?

    I spoke to a fellow auctioneer from Illinois at the National Auctioneers Association and he stated that many facilities, especially in the Greater Chicago area pay a flat fee to their auctioneers instead of a percentage of the gross sales. Does anyone engage in this practice and would you care to explain the reasoning behind flat fees versus a commission?

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