Auction Information

Our Goal: 

 To provide a Professional  Auction Service, starting with your phone call. 

We can walk you through a consultation. We cover everything from what is auctionable through a well organized advertisement plan.  We also cover how our Auctions work, including Auction setup and Auction day and how you get paid.

Both Ted and Tiffany set up their own Auctions. And bring a great Auction crowd who follow our Auctions.  We, once hired work as an agent for the seller.  The more we make the seller the more we get paid. 

 

What is an Auction and how does it work?

An Auction is where property is sold at a specific time and place to the highest bidder.  Most auctions require a person to get a bidder number or other identifying item prior to bidding.  When an item you want goes up for bid it will usually start low and the auctioneer will raise the bid amount every time someone bids until there are no more bids on that item at which time they will sell the item for the highest bid.

There are many types of auctions.  Some of the most common are Charity, Estate, Liquidation, Consignment, Auto mobile, Antiques, Coins, Storage units, Foreclosures, real estate, and many more.

Why choose an auction over other sales?  There are many reasons but if you look at many of the high record setting prices that people get for property is done at auction. A good marketing plan for an auction brings people who are looking for the item being sold and the more people you have at an auction then better chances of getting good prices. When you have two or more people competing for the same item the price usually goes up.

Isn’t selling at auction a gamble?

There is always a risk of not getting the price you want or think you should.  But when doing auctions there are a couple of things to remember.

(1)    Typically there is not sentimental value at auctions as the people who are there buying usually don’t know whose property is being sold.  They are buying the item because they collect, need or the item for sale is a good deal.

(2)    Many items sell very high at auction and others don’t but in the long run the items balance out.

(3)    When you sell an item at auction if it in good working order, clean, and overall a good quality item you will get a better price. Documentation on items is always a good thing and Antiques with documented history is great but not always necessary.

(4)    Most Auctioneers have a good idea what most items are worth and you need not be afraid to ask their opinion. But do not be surprised when they don’t guarantee the price you want.  But good auctioneers always try to get top dollar.

Absentee Bids

What if I see an item I am interested in but live a long ways away?

This is not uncommon as we live in a technology world and computers make it possible to locate hard to find items. Call the Auctioneer and ask him about the item.  Most auctioneers will photograph the items and tell you everything they can about the item.   Most auctioneers will take a good absentee bid or on line bid.  Does this mean you put in a $20.00 dollar bid on a good item?  No, put an honest respectable bid on the item. Just ask the auctioneer how they work absentee bids as many are different.

How do I choose an Auctioneer?

Ask lots of questions and interview the auctioneer to determine if their answers give you a feeling of confidence or not.  Some sample questions to ask might include:

  • Is the auctioneer licensed in his or her state?
  • If guns are sold,  is the auctioneer a licensed Federal Firearms Dealer?
  • Check with the state business bureau to see if there have been any complaints lodged?
  • Ask for references.
  • Does the Auctioneer have many sales going? Good auctioneers are usually busy and have a good clientel that follow their auctions.
  • Best of all talk to them and if possible attend one of their auctions to see firsthand how they operate and conduct their business.

How do I pay for items?

Most auctioneers take credit cards, cash and bankable checks, however if the items being purchased are large dollar amount items the Auctioneer may require proof of funds from your banking institution.

What is the difference between the various types of auctions?

An Estate Auction is where someone has passed away and their items, possessions and property is being sold.

A Liquidation Auction is usually where a business in going out of business because of various reasons and they need to sell off their inventory.  Many times these are court ordered because bankruptcy.

Consignment Auction:  Multiple sellers who have large amounts of items to sell but not enough for a single auction.  So the seller consigns the items with the auctioneer for a designated auction date along with other sellers who are also consigning items.

Where is, as is.  No warranties implied.

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