Sale room problem, is this a scam

macfly

I believe all auction houses require a deposit. The ones I use vary between £100 and £400. On failed collections, the item is retained at a fixed charge per day until the deposit is used up. Then the item is resold.

soolin

macfly wrote: »

I believe all auction houses require a deposit. The ones I use vary between £100 and £400. On failed collections, the item is retained at a fixed charge per day until the deposit is used up. Then the item is resold.

My current one doesn't, you register for life and get a paddle to keep.

charlies_mum

macfly wrote: »

I believe all auction houses require a deposit. The ones I use vary between £100 and £400. On failed collections, the item is retained at a fixed charge per day until the deposit is used up. Then the item is resold.

Only a couple of the auctions I go to require a deposit, and that is usually the ones that sell electrical items.

RFW

macfly wrote: »

I believe all auction houses require a deposit. The ones I use vary between £100 and £400. On failed collections, the item is retained at a fixed charge per day until the deposit is used up. Then the item is resold.

It does vary as to who take a deposit and who doesn't, with some an ID will suffice. We used to take a deposit, it doesn't really stop non payers that much, especially the bigger ones. Its all very well keeping a deposit but having to see what's happened to the buyer in phone calls, etc and then subsequently relisting and even in some circumstances having to fork out any shortfall between the old and new selling price is a serious pain.

If you are attending an auction and haven't checked if they do take a deposit, it is always wise to have access to cash to take with you, or at least means of being able to pay anything up to £500 deposit (possibly more for commercial property/vehicle auctions).

macfly

Well there you go. It's a hard town is Manchester.