Yes, I’m almost certain Barrett Jackson has much higher commission fees. Not exactly sure how BJ works, but I believe they around double BaT.
On BaT- the seller just pays $99 to list. The buyer pays a 5% commission up to $5,000 to BaT. Which for high end cars over $100k, would be very reasonable as a % of total.
BaT has much lower overhead so I’m sure they’re “raking it in” despite the lower commission fees.
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On BaT- the seller just pays $99 to list. The buyer pays a 5% commission up to $5,000 to BaT. Which for high end cars over $100k, would be very reasonable as a % of total.
BaT has much lower overhead so I’m sure they’re “raking it in” despite the lower commission fees.
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