Why sell silver and jewellery at auction?

Tom Killen explains the benefits

AT Killens, our experts at the Mendip Auction Rooms work hard to achieve the best prices for our vendors. Selling at auction is always the best way to realise the true value of your silver and jewellery. Live internet and timed auction bidding, social media marketing, targeted advertising and mailing lists ensure that we attract buyers from across the globe.

One main advantage of selling by auction is that buyers come to do just that: buy. Whether they attend in person, leave absentee bids, get involved over the phone or bid online, their intent is to buy.

The very nature of an auction house means that buyers are willing to compete to win the items they’re most interested in, which can lead to back and forth bidding – which means you see bigger returns!

We often get asked why selling at auction is better than selling to a private dealer. Well, a dealer will be seeking to make a profit in agreeing a purchase price and you are also putting your trust in him or her on what the selling price should be.

We are also seeing an increase in auction houses staging valuation days at which they buy items directly. At Killens, we are regulated by the RICS and such activities are a clear conflict of interest.

So if you have silver or jewellery to sell, we want to hear from you. As part of the local community we want to do the best for you. We can place your items into one of our specialist auctions and advise you on the straightforward selling process.