Many of the people who contact me about selling their things at auction have never sold anything at an auction before. Most have a lot of questions which I will try to answer here.
The first question is about the commission. “How much do you charge?” is asked within the first few minutes of the conversation. That depends on what they are selling. Most auctioneers charge different fees for different items. For instance, most auctioneers will charge a lower fee to sell an automobile than they would for selling normal household items. The commission for selling real estate would be even less.
Fees are also impacted by whether the sale will be held on-site or if the items must be removed to another location. If the auctioneer must move the items there will usually be a fee charged to pay for the expenses of doing that. Most auctioneers will not be able to give you an answer about commission until a lot of these issues are addressed.
Another question I’m often asked is how soon do I need the items. I like to have my auctions listed, with pictures, on auctionzip.com (ID# 36965) at least 2-3 weeks prior to the sale. That means I normally like to have everything about 3-4 weeks prior to the sale. Posting pictures and the auction listing early allows people to see what is being sold. If there are things they are interested in, they can check to see what those items are selling for elsewhere. That can help raise the price you receive for your items.
Posting auctions 2-3 weeks in advance also allows people who may live away to call requesting information about items. Such calls will often result in an absentee bid. I have shipped items sold at my auctions to various states to persons who left a higher bid than we received at the auction. This also puts more money in your pocket.
A third question I’m often asked is are there things I won’t sell at a consignment auction, and the answer is yes. I won’t sell
- Anything illegal.
- Televisions (unless they are flat screen)
- Pianos and organs (The most I’ve ever seen one sell for at a consignment sale is $2.00. Most get no bids.)
- Yard sale left-overs (If you couldn’t get 25 cents for it don’t expect an auctioneer to sell it for $10.00.)
- Clothing (Except in unusual situations)
So what am I interested in selling?
- Quality glassware
- Quality collectibles
- Real Estate
- Almost anything of value except for those items listed above
Although most people don’t ask, I’m sure they wonder how soon will they get paid? I normally pay about a week after the sale. This gives time for all the checks to clear. You will receive a copy of the sale tickets showing what each item brought, a settlement statement, and your check.
We work very hard to make every sale a success. Our goal is to have every seller and buyer satisfied with the auction experience. We have a reputation for honesty and integrity in how we treat people, and you can expect the same treatment.
If you have any questions about selling at auction please contact me at email@example.com or call 812-265-5271.