Quote Originally Posted by Norfolkngood View Post
No, stop doing auctions altogether if the turnover is less than half a million, but looking at it I think the figure quoted was a million. Just had a look and their turnover is 6 million a year with four auctions so 1 1/2 million per auction if they only rely on those and have no other form of income.
Interesting, thanks. Presumably that doesn't include the sealed bids auctions?

I suppose they generate less income anyway as most of the guns in sealed bids are of lesser quality, although I see Holts now sell off unsold lots via the website for a fixed price inc Vat and commission, based on the lower end of the estimate.

This must help keep overheads lower and shift hard-to-sell stock, although it's not so good for the seller...