Hans Gruber said:
I'm going to give CC a try if anyone has any words of advice in dealing with them?
Pete
I've heard that once listed, they will very aggressively try to persuade you to reduce or remove your reserve, so if you have a rock bottom price in mind and that's your reserve then stick to your guns. They will tell you that "No reserve" auctions really get buyers excited and you'll make top money but remember an auction needs TWO people to REALLY want it in order for that to happen and if you only have one keen bidder then they'll do well and you'll lose out (and CC will obviously still make their buyer's fees).
It's like Estate Agents - when I sold my house a few years ago the agent got cheesed off when I refused to accept the first (low) offer after it had been on the market for just two days. Eg, a £50k reduction on a £1m house at 1.5% commission means a reduction of just £750 off their £15k commission so they'd rather just bank that while you nett £50k less!
On the plus side, if it doesn't make reserve they will then follow up with the bidders to try to get a sale. They did this with me when I was the highest bidder on a motorbike that failed to meet reserve. Although it was a rather pointless call since the reserve was so far from my winning bid that there was clearly no deal to be done. They reeeeallly tried though even offering to do it with no buyer's fee (I think on some they still make a bit from the seller's payment for the photos).
I think the shine has come off CC somewhat, but if you agree a reserve and stick to it then you have nothing to lose and could get lucky. Good luck whatever you decide.
:thumb: