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.
Of course you can always offer your unwanted pieces on any one of several websites that specialize in a form of auctioning. You will probably pay a fee and will be responsible for collecting payment yourself. A local company, on the other hand, probably conducts live sales on a regular basis. If you choose one of these professionals, the items you are offering will have to be transported to the auction location prior to the bidding.
Some sort of fee will be required when you consign your goods. Certain auctioneers will charge you a fee per item. Some prefer to add a buyer's premium to the high bid, which they will retain as their profit. Still others will expect a percentage of the price the item brings when it is sold, and if you fail to sell anything, they will then charge you an agreed upon participation fee.
Before you include your items in this process, you must know if your things will be sold with or without reserve. Depending on what you are selling, the auctioneer may allow you the right to accept or reject the bidder's offer. You might want to consider advertising the price that will be acceptable to you as the opening bid.
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.
Of course you can always offer your unwanted pieces on any one of several websites that specialize in a form of auctioning. You will probably pay a fee and will be responsible for collecting payment yourself. A local company, on the other hand, probably conducts live sales on a regular basis. If you choose one of these professionals, the items you are offering will have to be transported to the auction location prior to the bidding.
Some sort of fee will be required when you consign your goods. Certain auctioneers will charge you a fee per item. Some prefer to add a buyer's premium to the high bid, which they will retain as their profit. Still others will expect a percentage of the price the item brings when it is sold, and if you fail to sell anything, they will then charge you an agreed upon participation fee.
Before you include your items in this process, you must know if your things will be sold with or without reserve. Depending on what you are selling, the auctioneer may allow you the right to accept or reject the bidder's offer. You might want to consider advertising the price that will be acceptable to you as the opening bid.
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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