- How JOHN PYE auctions work?
- Does John Pye deliver?
- What is the 3 minute rule in auctions?
- What is the best online auction site?
- How do you do an online auction?
- WHO IS JOHN PYE?
- Is I bidder any good?
- How is VAT charged when items are auctioned?
- What are typical auction fees?
- Who pays auction fees buyer or seller?
- Do you pay taxes on auction sales?
- What auction means?
- What is a buyer’s premium on an auction?
How JOHN PYE auctions work?
How Do Your Auctions Work.
Everything is sold as seen, with public viewing days available for every auction allowing you to physically inspect the condition of lots prior to bidding.
Remember; View, Bid, Buy… It’s as Easy as Pye!.
Does John Pye deliver?
To support this request, all John Pye Auctions lots under a two-person lift size will now all be delivered by our delivery partner DPD to winning bidders. (All lots of a two-person lift size will be available by pallet delivery through approved pallet delivery companies.)
What is the 3 minute rule in auctions?
11.4 The Website operates a ‘3 minute rule’ which means that any person who bids on-line within the last 3 minutes of a specific Lot closing time will instigate the automatic extension of the Lot closing time by an additional 3 minutes and so on for any such subsequent bids.
What is the best online auction site?
Best Online Auction Sites 2020eBay. Our overall top pick thanks to a huge number of users, a simple to use interface, and all-around convenience. … eBid.net. With cheaper fees than eBay, eBid is still reasonably substantial in size while better value for money. … Webstore.com. Looking for something more unusual? … Bonanza. … Auction Zip.
How do you do an online auction?
10 Tips to Host a Successful Online AuctionTake Stock of Your Items. First, inventory all of the items you were planning to include during your in-person auction. … Set Your Starting Bids Properly. … Define the Rules. … Promote Everything. … Use Photos. … Use Buy Now and Max Bidding. … Host a Multi-Day Auction. … Lead Into a Virtual Event.More items…•
WHO IS JOHN PYE?
John Pye (Birmingham 7 November 1782 – 6 February 1874 London) was a British landscape engraver.
Is I bidder any good?
Ibidder is a listing site tied in to auctions, effectively vouching for you and bringing all auctions to one place. Good. Auctioneers are the ones to watch out for, be prepared to pay upto +100% on top if you use their delivery service. … Remember some goods are customer returns/damaged.
How is VAT charged when items are auctioned?
VAT is added to the hammer price. The buyer must also pay the auctioneer’s commission in the form of a buyer’s premium, plus VAT on the buyer’s premium at 20%. … Some auctioneers choose to sell VAT Inclusive. This means that the bid (hammer) price achieved at auction already includes VAT at the appropriate rate.
What are typical auction fees?
For instance, an auctioneer could charge a seller 15% of the gross proceeds, and also a 12% buyer’s premium. For an auction totaling $20,000 in bid prices, the auctioneer would earn $3,000 in seller commission, and $2,400 in buyer commission, for a total of $5,400 (or about 27% of the auction total.)
Who pays auction fees buyer or seller?
Fees For The Buyer Often there will be fees involved for a buyer which they wouldn’t get if they were buying from an estate agent. So, nine times out of ten there will be a buyer’s premium, also called an admin fee. This is basically an additional fee that the buyer will have to pay to the auctioneer.
Do you pay taxes on auction sales?
All income from auctions, traditional or online, and consignment sales is generally taxable unless certain exceptions are met. … These gains may be business income or capital gains. Income resulting from auctions akin to an occasional garage or yard sale is generally not required to be reported.
What auction means?
An auction is usually a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder or buying the item from the lowest bidder. … The open ascending price auction is arguably the most common form of auction in use throughout history.
What is a buyer’s premium on an auction?
In auctions, the buyer’s premium is a charge in addition to the hammer price (i.e. the winning bid announced) of an auction item, or lot. The winning bidder is required to pay both the hammer price and the percentage of that price called for by the buyer’s premium.