Most people go through their possessions periodically to see what should be saved and what can be discarded. Once they know which pieces they want to keep and which have to go, disposing of the unneeded items becomes the next issue. Some things can simply be trashed, and others can be bagged and donated to a local charity. That will probably leave a few things that have value and could be sold. If you have such items, putting them in a consignment auction Pantego TX auctioneers hold, for instance, might make sense.
Some auction houses have these sales on a monthly or quarterly basis. They collect a variety of articles from individuals and companies that are then auctioned together on an advertised date. Sometimes they will have specific types of pieces to sell, such as jewelry, china and pottery, or farm equipment. At other times they might have a wide selection of things that all different types of bidders will be interested in.
Most people are aware of the huge selling sites on the internet. These websites have a wide variety of categories that bidders can choose from to see what is available for sale. This type of auction may interest you. If you are looking at a local company though, the bidding will probably take place in a warehouse or storage facility. If this is the case, you should expect to have your items on the site so potentials buyers can inspect their condition.
Most auction houses are in business for profit. They are going to charge you some type of fee or percentage to add your property to their sale. There may be a flat rate per piece or a small percentage of the high bid. Some companies charge the buyers a percentage and add it to the winning bid price. In this case, your cost to participate is passed onto the purchaser. You need to know how you will be paid though. The company usually collects the money from the buyers and disperses it to the various sellers within an agreed upon time period.
You need to fully understand whether or not property is being offered absolute or with reserve. If you allow your items to be sold absolute, you will have to accept the bidder's highest offer no matter what it is. The auctioneer may advertise the reserve price which must be met before you agree to sell your property.
Another possible cost you may be expected to incur is a portion of the advertising. The general public has to know about the sale in order for it to succeed, and that requires marketing. The auctioneer does not normally invest his or her own money on promoting your property. If several sellers are involved, and all pay a percentage of the cost, this should not be a huge out of pocket expense.
If you are participating in a local sale, shipping should not be an issue. The purchaser is usually responsible for removing the items from the sale site once they have paid for them. If there are costs associated with getting the your pieces to the buyer, you may be required to pay them. The auctioneer's terms and conditions will be the deciding factor.
Auctions are fast paced and fun to attend for sellers and buyers. You may just decide that this is something you want to do the next time you clean out your attic.
Some auction houses have these sales on a monthly or quarterly basis. They collect a variety of articles from individuals and companies that are then auctioned together on an advertised date. Sometimes they will have specific types of pieces to sell, such as jewelry, china and pottery, or farm equipment. At other times they might have a wide selection of things that all different types of bidders will be interested in.
Most people are aware of the huge selling sites on the internet. These websites have a wide variety of categories that bidders can choose from to see what is available for sale. This type of auction may interest you. If you are looking at a local company though, the bidding will probably take place in a warehouse or storage facility. If this is the case, you should expect to have your items on the site so potentials buyers can inspect their condition.
Most auction houses are in business for profit. They are going to charge you some type of fee or percentage to add your property to their sale. There may be a flat rate per piece or a small percentage of the high bid. Some companies charge the buyers a percentage and add it to the winning bid price. In this case, your cost to participate is passed onto the purchaser. You need to know how you will be paid though. The company usually collects the money from the buyers and disperses it to the various sellers within an agreed upon time period.
You need to fully understand whether or not property is being offered absolute or with reserve. If you allow your items to be sold absolute, you will have to accept the bidder's highest offer no matter what it is. The auctioneer may advertise the reserve price which must be met before you agree to sell your property.
Another possible cost you may be expected to incur is a portion of the advertising. The general public has to know about the sale in order for it to succeed, and that requires marketing. The auctioneer does not normally invest his or her own money on promoting your property. If several sellers are involved, and all pay a percentage of the cost, this should not be a huge out of pocket expense.
If you are participating in a local sale, shipping should not be an issue. The purchaser is usually responsible for removing the items from the sale site once they have paid for them. If there are costs associated with getting the your pieces to the buyer, you may be required to pay them. The auctioneer's terms and conditions will be the deciding factor.
Auctions are fast paced and fun to attend for sellers and buyers. You may just decide that this is something you want to do the next time you clean out your attic.
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