Estate Sale or Auction

Auction Sales

Most people are familiar with the way auctions work. Your items are presented to buyers at a set time and place, and sell to whoever in the crowd is the highest bidder. The smaller the crowd, the fewer the bids. Some auction houses sell your items without reserves, while others allow for them. A well established auction house has the sales advantage when it comes to million dollar paintings, but they are not necessarily the best place to sell your more modestly valued items.

Pros of an Auction

-High value items will realize higher prices.

-Household contents are immediately removed from the house, so that the house can be listed for sale.

-When valuable surprises are found, the right auction house can better market those items.

-Many auction houses put their entire auction catalogs on line, this can have a high income impact; especially for collectibles.

-Competitive bidding acts as an imperative.

-High level auction houses have in-house research staffs with access to important “Price Realized” data bases.

-Property can be consigned with a sale price reserve.

-Auction houses are located all over the country, even in rural areas.