Say for instance we buy an item from an auction house for £80 youve got to add on the 20% premium then the 20% Vat so the items now standing you at £112 the auction house is 120 miles round trip thats £30 on petrol time to view including travel to make sure the items what it suppose to be 3 hours at £8 per hour £24 then 3hours plus petrol to go pick it up after purchase £30 + £24 then Photographing and advertiseing on the internet with descriptions 3 hours £8 per hour £24 .ontop of that the taxmans going to want his cut which is a good chunk of the profit . Ok lets do some maths .
piece + premium +Vat =£112
Total time and petrol = £108
Advertising = £ 24
Taxman wants his cut = £ ???
So the items now standing us at £244 .you market the piece at £300 so you have a negotiation price then take £250 making £6 on the item and thats if it sells straight away if not you could be holding the item for years .
So remember next time you watch the Tv please remember theres alot of hard work that goes into the trade and the prices reflect that everyone in the trade like to haggle but i cant go into my local suppermarket pick up some milk take it to the counter and say " you want £1.50 for this what the lowest price you'll take " lol
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