Do you enjoy any of the auction hunting shows? Since those shows are evidently so unbelievably well-liked, it appears that a countless number of entrepreneurs now want to find out how to make a profit selling at auction.
Knowing how to sell at live auctions isn't only about putting your collectibles into your truck and leaving it with an auctioneer. By putting in some effort to learn the ins and outs, you may become effective as a seller.
Here we share some tips for newcomers to the industry.
Tip 1: Ensure that the things you want to sell are the right match for the venue you'll be using.
Please do not promise a bunch of stuff to an auctioneer without first attending a previous event. It is vital to get a feel for the general categories of stuff that the house sells. As one example, at one very rural country auction it was common for the participants to offer produce, and farm equipment. This is certainly not the place for selling your hip-hop collection. But perhaps, the farm tools that you bought at that yard sale yesterday might be perfect for everyone at this auction hall.
Second Tip: Ask about the actual terms and policies of the auction house.
Speak with the auctioneer before you commit. Ask what the best days and times are to stop by. Avoid stopping by on the day of a sale. Call and make an appointment.
Be sure you understand terms of service and when you can leave your inventory. Also ask things like: Will the auctioneer mail the checks? Find out: What happens when a lot doesn't sell? Does he or she insist that you remove or dispose of unsold items? Are they willing to try to sell it at a later date?
Knowing the auctioneer's techniques in advance helps steer clear of any surprises when it is finally time to get your check.
Next Tip: Be sure that the auction hall has some knowledge of what you're selling.
What is so important about this?
While it is really clear to you that the antique doll you are selling is a rare item, bear in mind that your auctioneer may not know this. Specify what might be particularly rare about whatever it may be, and leave the note with the auctioneer. The auction hall could very well want to highlight this information in their brochure.
Think about it. Is your record from a famous family? Is a special event at all related to it? If there is, by all means, speak up!
Also, if the auctioneer is unclear the actual worth of your piece, it is not as easy to describe it correctly. Auction sales don't linger on one single item, therefore, the more the auctioneer understands about your stuff on the auction block, well, that will be good for all of you.
Fourth Idea: Organize your items nicely using flats and clean boxes.
No one enjoys plowing through a mountain bursting with greasy things and expect that there may be something worth bidding on. Just be sure your objects seem neat.
Please keep the following thought in mind: As you learn how to work with live auctions, the more enjoyable the business will be.
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Kathy and her husband create many informative videos for individuals who are working on making money at auction. This video clearly shows an example of exactly how to send things to real auctions: http://www.youtube.com/watch?v=sBUERt8Rgog And for more ideas on buying and or selling on Craigslist, eBay, and more, visit their blog: http://www.buyingandsellingtomakemoney.com/
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