I've been rambling on on another thread and it has got me thinking! I used to watch programmes like "Flog It" and similar programmes where people are told how much their items are worth and then get ripped off when it goes to auction . They get told that that was the true market value of the item. Then you see a programme like "Make Me a Dealer" where the contestants go to an auction to buy items which they will then go on to sell to make a profit!
So if you look at it logically the person who sold their item on "Flog It" are being ripped off! They aren't getting the true value for their item, they are also paying commission on that sale. The dealer who is most likely to have bought their item will also pay commission and then go on to make a profit by selling it on again. A lot of the time it seems like the items are sold to jewelers. There seems to be a lot of middle men making their profit .