Personal Property Auction Contract For Sell
Description
How to fill out Auction Of Personal Property Agreement?
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FAQ
When you bid in an auction, there is no right of return, unless an item is materially different to its catalogue description. If you feel that the lot description is missing information about the item, you can ask the auctioneer questions and request a condition report prior to bidding.
What happens when you sell at auction? Typically, a valuer working for the auction house will provide you with a valuation and advise you on the most suitable auction for your items. If you decide to submit your items to auction (known as consigning), the auction house will guide you through the process.
As a rough guide; selling through an auction is ideal if you want to market your items to a wide audience. Auctions are suited to items that have a subjective value or are of low commercial value. Private sales are well suited to items with an objective value, or where direct comparison with previous sales can be made.
Primer on which types of items typically sell well at auctions. Precious Gems and Jewelry. Jewelry and precious gems also tend to see high sale prices at auctions. ... Sports Memorabilia. Any sports memorabilia, mainly if a star autographs it, is likely to do well at auction. ... Toys & Comic Books. ... Antique Timepieces. ... Fine Art.
The costs for selling a house at auction include a commission of 2%+VAT of the final sale price, only paid upon successful sale. Plus an entry fee, although some auctioneers don't charge for this. Your solicitor will need to prepare an auction legal pack costing upwards of £200.