Some people cannot stand clutter and are unsentimental when it comes to old furniture, clothing, or pieces of china. It can be difficult to know what to do with these things though. If they have value, donating them to a rummage sale or just tossing them out seems foolish. In these cases, smart owners can make some extra cash by adding them to a consignment auction Pantego TX auctioneers, for instance, hold on a regular basis.
How often these sales occur depends on the auction house and the amount of pieces they have in their inventory. Many have sellers who put property into sales on a regular basis. Others may only enter items once or twice a year. Anything and everything may go on the block. Auctioneers routinely sell used farm equipment, jewelry, clothing, furniture, and antiques that have been consigned.
Some auctions are conducted online. There are a number of popular websites that hold a variation of this method. Individuals can offer all types of items on these sites for a set period of time, and people all over the world can bid on them. If you are involved with a small, local auction house, they may very well conduct their bid calling live. In this case, you probably will have to have your pieces on site so bidders can inspect them.
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.
Instead of throwing out things you don't need anymore, consider consigning them to an auctioneer's sale. You can earn some extra money and have a good time doing it.
How often these sales occur depends on the auction house and the amount of pieces they have in their inventory. Many have sellers who put property into sales on a regular basis. Others may only enter items once or twice a year. Anything and everything may go on the block. Auctioneers routinely sell used farm equipment, jewelry, clothing, furniture, and antiques that have been consigned.
Some auctions are conducted online. There are a number of popular websites that hold a variation of this method. Individuals can offer all types of items on these sites for a set period of time, and people all over the world can bid on them. If you are involved with a small, local auction house, they may very well conduct their bid calling live. In this case, you probably will have to have your pieces on site so bidders can inspect them.
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.
Instead of throwing out things you don't need anymore, consider consigning them to an auctioneer's sale. You can earn some extra money and have a good time doing it.
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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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