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Message: <blockquote data-quote="red dirt shootist" data-source="post: 4303510" data-attributes="member: 52708"><p>I took part in an online auction a little while back, put on by the biggest auction co. in town. I won a few  things and when I went to pick them up I met the wife of the owner of the shop. The owner had passed. I asked her if she was happy with the way it all went. She said the she was ok with what they got for the machinery, but that auctioneer wanted 30% to sell the real estate, she said no. She hired a realtor that sold the shop and property for 6% in one day. Most of these auctioneers charge the seller 20-30%+ expenses, then charge the buyer 10-15% "buyers premium" + sales tax.  You can still get some good deals, just keep track of all the fees. And if you ever hire an auction co, be very, very, very careful.</p></blockquote><p></p>