Originally Posted by nhdiesel

Ya think? lol. Think about this: GL gets a 10% premium from every sale. The opening bid for sales are now $150, so they will get at least $15 from every sale. I'm sure they get paid by the govt. directly for what they do as well. Now, over head. Every GL "office" I've ever been to was on base property. Is it safe to assume they don't pay rent on that office? I've also seen many GL employees at various sites. They didn't exactly graduate top in their class. ****, I'd bet many didn't graduate from anything. Once site I went to made me think I was in the middle of some gang meeting. Point is I doubt they are out a whole lot for these guy's salaries.

So, on a $2000 truck we pay $200 premium, plus $60 for an SF67 that costs them nothing. Their legwork consists of taking pictures of the items, writing a 2-line description, and listing it on the web site. Once sold, they look at the EUC to make sure its right, and forward it to B.C. Doesn't sound like a lot, considering they made $260.

Now, how about some of these lots that sell for millions? How would you feel if you had to write out an extra $200,000 for a buyer's premium?

Jim