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On
Selling Items - Index
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When items are taken to auction, they
are categorized by 'lot' numbers. A commission is charged, usually a preset amount, and
sometimes the rate is based on the appraised value given by the auctioneer. Anyone, can
take items to auction, just consult with the auctioneer before or after an auction and
make plans. If you are unsure as to where to take your items, ask friends, neighbors and
other people who are attending the auction. You can get good leads from the 'regulars'.
You can also search the classified section of your local newspaper for auction listings. I
suggest attending a couple of different auctions, and checking out the prices various
objects are bringing. Then ask for commission rates and if the auction house will accept
the items your interested in selling.
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Don't set unrealistic goals for items that you take to
auction. The auction is primarily a place to get relatively quick cash for items that you
no longer need or desire. If your looking to make a certain amount and the auctioneer
deems it to be higher than what he believes it to bring at his auction, you'd be better
off trying to sell the item(s) yourself.
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In my experience, when I used to take items to auction for
sale, I noticed that people would bring in items, the same or similar, to items that were
previously sold the auction before and trying to realize prices paid early. This will not
work. Through my many years of taking items to auction, it never surprises me how many
people would do this and expect the same price (most of which would have a reserve bid
equal to or greater than the price achieved earlier). It does not work that way. Lets put
it another way, if five bicycles are sold during the previous auction, don't bring
any bicycles the next auction. Every auction is different and is based on what I call the
nine conditions.
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The Nine Conditions: The area;
time of year; item condition;
weather; auctioneer;
local events; time and day
the auction is to be held; demand; and attendance make a big difference when it comes to selling items
at auction. As you can tell it does not depend on any one thing. It's a combination.
Prices can vary drastically from one minute to the next.
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It is true that you can make money taking items to
auction, that's the whole idea behind the auction process. But, it takes a lot of time,
work, luck and trust. And as stated, the nine conditions are numerous and are working against
you.
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Navigation is accomplished by using
the main menu on the left. Just click on the red
help book next to the words Auction Guide
and the topics will unfold. Or you can use the index below.
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Copyright
Information
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This reference is here for informational
purposes only.
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This guide may be freely distributed providing
that I have been credited as the author, and a link to this website has been
placed on each chapter. Thank
You.
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I would appreciate an email
if you did use excerpts from this guide. But it's not necessary.
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Written and Copyrighted © 1997-2001
by Stan Daniloski, Earth
Station 9.
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