How to Sell at Auction House

19 Jun How to Sell at Auction House

Every year the buy and sell transactions through the auction house increasing. Especially, buying and selling houses and/or properties. The reason is they can buy and/or sell fast. So, the auction houses can be a great alternative to you for buying and selling houses/property.

Some Things You Should Know Before Selling Items at The Auction House

An Auction is a process of buying and selling goods by offering them up for bid. And giving the item to the highest bidder.

An Auctioneer is a person who conducts auctions by accepting bids. And declaring items sold with the hammer.

The Auction House is a place to buying and selling goods via the auctions.

What goods can you sell at the auction house? You can sell almost anything. You can sell a house, property, car, land, ancient castle, wine, a single piece of art, the paintings, the antiques to brand new commercial premises.

Houses, properties, wine, paintings, and antiques are the items most often sold through the auction houses.

When you decide to sell at the auction house, you will need to choose an expert and reliable Auctioneer. The high and low price of your goods is determined by his/her experience and ability.

Why Sell at Auction House?

When putting your goods up for auction, you’ve got to ask yourself if your goods are suitable for the auction process. If yes, then continue the auction process. If not, then you can find other alternatives for your goods sales.

Sometimes, you are required to pay for advertising and legal costs, often in advance of a sale, so consider it carefully before you spend money for the auction.

In facts, there are many benefits for choosing to sell at auction house compared to selling it elsewhere.

Benefits of Selling at The Auction House:

1. There is no faster way to sell your goods than you sell at the auction house. You can sell your items within minutes after your items are offered to the Bidders. A bidder can be a person or organization who offers to pay a particular amount of money for something that is sold in the auction.
2. Best price. You can sell your goods at the best price. The morepopular your item is, the more people will be bidding for it. The more attractive your item is in the eyes of the bidders, the higher the price you get. You can sell at the auction house with the best price because you are giving the item to the highest bidder.
3. After the auction, you will receive a notification that lists the last bid price for your
4. The option. If the bidding does not match your expectations, as a seller, you have the option of not selling your goods.
5. Legal and Binding. Once the hammer has fallen, the buyer has a contract with you. He/she must deposit the down payment. After that, he/she will pay off the payment under the contract agreement.
6. The payment toyou will be based on the hammer price less a commission and any agreed-upon expenses.

Lauren Gallery Auction House

Today there are many big cities in the world that have their own Auction Houses. In Georgia, there is more than one Auction House. One of the Auction Houses in Georgia called Lauren Gallery.

Why should you sell your goods at Lauren Gallery?

1. Lauren Gallery can sell almost anything via the auction that a market exists for.
2. Lauren Gallery provides online auctions to make it easy for busy people, so they do not have to attend the auction site.
3. Lauren Gallery will tell you every step of the entire auction process via email with a pre-sale notice before auction confirming estimates, reserves and sale date. After the auction, we will email post-sale notice confirming results.
4. We give you a free valuation for your goods. Auction valuations are free and you can ask anything about the process, guide price, marketing, etc.
5. The value of your goods depends on the history of your goods, the quality, the condition, who the previous owner is, and the scarcity of similar items (antiques).
6. We also give free opinions for your goods.
7. We can guide you through the entire auction process. We will share our experience and help you to sell, buy, or invest in an auction with great results!
8. We have the experienced specialist team. Our experts have access to international resources and networks. So you can get a Fair Market Value.
9. You can ask an auction estimate, so you can find your best Your goods valued by Lauren’s expert. Lauren Gallery has a proven track record in achieving prices that meet or exceed pre-sale estimates.
10. Our marketing, Auctioneer’s, and the public relations team are ready to make your auction sales successful.
11. We can make online and print of the auction catalog for selling your goods.
12. The catalog, sale dates, and venues can be found on our website.
13. We give previews for both our live and online auctions.
14. Lauren Gallery will help you to spread the word of your goods to the potential buyers that they know and they also put up a for sale by auction board, which generate a massive amount of interest wherever the auction’s located.
15. If you want to get your goods out to as many people as possible and get the best possible price, Lauren Gallery is a good fit for you.
16. We have local, regional, national, and international databases of your potential buyers. We will promote your goods to them.
17. We will mail the catalog to several thousand potential buyers who have previously expressed an interest in similar items.
18. We will persuade your potential buyers with lucrative information, so they will bid on your items at the auction.
19. We also put ads in local and/or national newspapers. We also promote your goods through our social media and all the networks we have.
20. Pre-auction viewings are open to the public and at no charge.
21. Sometimes we invited guest speakers.
22. Sometimes you will get offers before the auction, you can accept the offer or not. It’s up to you.
23. We can help private sales if you want it.
24. On the day of the auction, you don’t have any obligation to attend, but you should come and see the process of the bids of your goods.
25. We handle all auction-related work processes, whereas you only supply goods, provide information on goods sold (color photographs, detailed descriptions, qualities, conditions), make sure your items looks as good as possible, set guide prices, sign and return an auction agreement, then youcan receive the payment once your item is sold.
26. The payment will send into your bank account.

What happens if your goods do not sell on the auction?

If your goods fail to reach its reserve price at the auction, someone may still wish to buy it. You will need to decide whether to accept any subsequent offer or not. If you accept it, then we continue to market your goods. Your goods may even be sold in the days or weeks after the auction.

Please, don’t worry as you can negotiate a deal lower than the reserve with the nearest bidder – assuming that the bidder is still willing. The terms and conditions still remain the same and the deal can go forward.

How to Sell at Lauren Gallery Auction House

A step-by-step guide on how to sell your goods at auction with Lauren Gallery:

1. Prepare the items you want to sell through the auction.
2. Create an account or register at Lauren Gallery.
3. Give/send us information and photographs of your goods. Give the further details.
4. Sign and return the seller’s contract sets between you and Lauren Gallery. Your seller’s contract sets the reserve price and the seller’s commission. The level of commission is dependent on the value of your goods.
5. Deposit amount of money under the agreement in the seller’s contract. Lauren Gallery charges you a fee (the reserve price) to cover the inspection of the property, marketing, and catalog production costs.
6. Lauren Gallery will viewings of your property and these viewing times will be published in the catalog.
7. Request an estimate from our experts.
8. Set a reasonable or realisticprice and set a minimum price for the auction. Make an attractive price for bidders. This will generate competitive bidding that makes the best price.
9. Ship your items to auction.
10. Come to the auction and see the auction process, or you can watch it online.
11. You will receive a notification that lists the last bid price for your
12. You will receive payments under the auction less a commission and any agreed-upon expenses.

Conclusion

Sell at auction house can be a great alternative for you to make money quickly.

Benefits of selling at the auction house. You can sell your goods in minutes. You can sell your goods at the best price. You will receive the payments quickly. The payment will send into your bank account.

When you decide to sell at the auction house, you will need to choose an expert and reliable Auctioneer. The high and low price of your goods is determined by his/her experience and ability.

Lauren Gallery is not the first auction house in America. Lauren Gallery is also not the best auction house in America. But believe me! Lauren Gallery will give you the best that can be given, so you can sell your goods at the best price you can get. He…7x

So if you are looking for the auction house to sell your goods, then do not hesitate to contact us.

Lauren Gallery specialists are pleased to meet with you in person to evaluate your property in your home or other location, in our sale room, and in our regional offices. If you would like to schedule an appointment, please email us at info@lauren-gallery.com.

We will give a free consultation to you.