I recently inquired about this and it is a 20% seller's cost, but they would cut it back to 18 or 15%.
Even at 15% you could probably sell it at that price yourself and sell it quicker.
It is a huge gamble because in the current market, items aren't selling for as much which means it cuts deeper.
I have a Thompson listed for $25K that isn't selling.
If I opted to go the auction route and it sells for just $22K, a 15% cost is $3,300 making my take at $18,700.
f I opted to sell it directly for $18,700 I am sure it would sell in a day.
It is a balancing act and don't feel it is worth the risk in this current market.
Remember, they don't allow a reserve.
I may be wrong but certain auction houses might honor a reserve.
I have seen several items not sold at Morphy's for example.
Morphy's will also negotiate on the seller's premium for high buck items. Ask for zero.
I need to reduce my holdings in NFA items by half and in the same boat as you; I want them sold but at the best price I can get.
If the political climate was stable I could hold onto them for another 20 years.
The last auctions I've seen prices were way down probably due to the ban climate in which more were selling than buying.
I should have been buying !
The old real estate axiom; "Buy when there is blood in the streets"
These times is nuts.
BTW none of the Dem candidate I know of is presently calling for an MG ban.
In fact many are "only" calling for a NFA-like registration of AR15s, AK47s and such.
Because that process has worked so well !!!
Edited by lightguy, 09 November 2019 - 06:29 PM.