The news that auctioneers Sherry Fitzgerald are to increase their commission rates by 50% is outrageous. Unfortunately, it is also to be entirely expected from a profession of such cowboys.
Their colleagues in the industry claim they won’t follow suit, but I wouldn’t hold my breath! Back in February, IPAV lobby’s chief executive Fintan McNamara revealed that commissions in the auctioneers’ cartel might have to go up – He had the brass neck then to claim that it was due to financial hardship! Sherry Fitz will be the first of many to raise commission rates.