If you're hooked on auctions after watching
Auctioneer$, Weidenhamer was happy to give tips and questions to ask on those who are interested in using the auction format to sell their goods. She said an auction sets the highest value and when you sell via other means, you have to set the value and often folks will underprice their stuff.
- Check out the reputation of the auction house
- How active is the action house
- Do they have regular auctions with a built-in group attending?
- Look for auction houses that uses all means available for marketing.
- Have a question about an auctioneer? Check the Better Business Bureau.
- Find out what you will pay as a commission. As an example, rates can range anywhere from 2% to 50% at Auction Systems
It's hard to tell what are the best things to sell at an auction as things fall in and out of popularity. For instance it wasn't too long ago that DeGrazia artwork sold very well, today it's not popular and is difficult to sell. There are no hot trends right now, but if something has a good provenance it will usually sell well.
Next: Buying at Auctions
