Many people have items in their attics, basements, and closets that they do not know what to do with. These are usually things that individuals no longer use or have outgrown. They are not yard or rummage sale type items. You could donate them to a local charity or pass them on to relatives. You might also consider entering them in a consignment auction Pantego TX auctioneers, for example, routinely conduct. Before you do that however, you need to know how this kind of sale works.
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.
In the auctioning world properties are either sold with a minimum acceptable price or absolute, meaning the seller agrees to sell regardless of the high bid. Before you enter your things into an auction, you should clearly understand which type of sale this is going to be.
A big part of this process is advertising and marketing. This is not an expense that the auction house usually incurs. Sellers traditionally are responsible for these costs and are expected to pay an upfront fee to cover them. The company should let you know exactly how and when the sale will be advertised.
Another part of this process is the shipping involved if you have sold your pieces to someone who is not in your area. You will probably be responsible for making sure that the items arrive intact and as advertised. This is something you should take into consideration when you put your pieces into a sale. If you are not paid directly by the buyer, the company must let you know when to expect payment.
Consigning property in this way can be fun and profitable. Instead of throwing out things that you no longer want or can use, think about offering them to bidders and turning them into cash.
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.
In the auctioning world properties are either sold with a minimum acceptable price or absolute, meaning the seller agrees to sell regardless of the high bid. Before you enter your things into an auction, you should clearly understand which type of sale this is going to be.
A big part of this process is advertising and marketing. This is not an expense that the auction house usually incurs. Sellers traditionally are responsible for these costs and are expected to pay an upfront fee to cover them. The company should let you know exactly how and when the sale will be advertised.
Another part of this process is the shipping involved if you have sold your pieces to someone who is not in your area. You will probably be responsible for making sure that the items arrive intact and as advertised. This is something you should take into consideration when you put your pieces into a sale. If you are not paid directly by the buyer, the company must let you know when to expect payment.
Consigning property in this way can be fun and profitable. Instead of throwing out things that you no longer want or can use, think about offering them to bidders and turning them into cash.
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If you are looking for the facts about a consignment auction Pantego TX locals can come to our web pages online here today. More details are available at http://www.frlauctions.com now.
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