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Have you noticed any of the auction TV shows? Well, since they seem to be so very popular, it appears that lots of people now want to know how to sell at real auctions.
Learning how to sell at auction is never about mindlessly throwing some antiques into the car and entrusting it with some auctioneer. Take a little time to really understand how it all works, you can be far more effective as a seller.
Here are a few ideas for newcomers to this type of business.
First: Be certain that your inventory is the right fit for the auctioneer and company you want work with.
It?s important to not haul a bunch of stuff to the place without first attending one of their earlier auctions. It?s important to get a feel for the type of things the company usually sells. As one example, at one particular auction hall it was not unusual for the people to offer live chickens, and plumbing. This would definitely not be the correct venue for offering your hip-hop collection. However, the spare camper parts that you found at some garage sale might be perfect for folks at this place.
Number two: Gain an understanding of all the terms of service of the auction company.
Stop by the site before you commit. Find out when the best times are to visit. Don?t just stop by when an auction is scheduled. Call ahead first.
Find out about policies and other rules. Another thing to ask is stuff like this: Does the company send your check? What happens in the event one of your items doesn?t sell? Does he or she need for you to remove unsold items? Will he attempt to combine it with another item for sale?
Having a grasp of the company?s tactics ahead of time helps keep you from being disappointed when it is finally time to receive your payment.
Third Tip: Make sure the auctioneer has some understanding of the types of things you are selling.
What is significant about this?
Even if it seems perfectly obvious to you that the antique doll you are dropping off is rare and valuable, bear in mind that the auctioneer might not be aware of this. Jot down anything different about your items, and keep the documentation with the auctioneer. The auction hall could very well determine that this is something to highlight in the auction listing.
For example: Is that print a gift from someone famous? Is a special event associated with it? If there is, by all means, mention it!
Also, if the company doesn?t really know the true value of whatever you?re bringing, it is more difficult to talk it up accurately. Events like this move right through the inventory, so the more someone knows about the inventory that?s up for sale, well, that will be good for all of you.
Fourth Tip: It is important to present your inventory nicely.
Most people don?t want to paw through lots bursting with dirty inventory expecting to see that there may be something worth bidding on. It?s easy enough to make the things appear organized.
And please remember: The more you understand how to sell at auction, the more adept you will be at it.
We film excellent videos for individuals in the work of buying and selling inventory. This one illustrates a clear example of how to present things at a genuine country auction: One of Our Auction Strategies. For other fun tips on buying or selling at auctions, on Craigslist, etc., visit us here!
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