posted on December 17, 2015 by Don Reinhart | No Comments
Last month we covered the general timeline for sellers looking to sell their items in an auction. As a follow up piece, we thought we’d cover the actual things you need to provide to your auctioneer to ensure a smoothly run auction.
- General timeline of when you want the auction to be held: Do note that most auctioneers require a month to 2 months’ notice beforehand. If you are looking to only consign a few items, the timeframe can be shorter at 3 to 4 weeks. The best practice is to discuss with the auctioneer pretty soon after you make the decision to sell your items, so that there is more flexibility in the timeline.
- Signed agreement: This agreement will outline the terms of the auction including the auctioneer’s fees, payment terms, and areas where the auctioneer will advertise in (as there can be additional costs).
- A place for the auction to occur: Most auctions will happen on-site at the seller’s home. If alternative arrangements needs to be organized, please let the auctioneer know. They can recommend other places where the auction can take place.
- Pictures and descriptions of the items: The sooner you can provide this, the sooner the auctioneer can place it online to be advertised.
Do you have any questions for us about selling at an auction? Fill in the contact form here and we’ll be happy to help you!