How to Sell Your Items or Property at Auction: A Guide by Wiregrass Auction Group
Are you considering selling your items or property at auction? Auctions can be an excellent way to sell a wide range of items, from antiques and collectibles to real estate and equipment. At Wiregrass Auction Group, we specialize in online auctions that attract buyers from around the world. In this guide, we'll walk you through the process of consigning items or hosting your own auction with Wiregrass Auction Group.
Consigning Items
Consigning items with Wiregrass Auction Group is a straightforward process that begins with reaching out to our team. Whether you have a few valuable items or an entire estate to sell, we can help you through the process. Here's how it works:
Initial Consultation: We'll start with an initial consultation to discuss your items and assess their value. This can be done over the phone or in person, depending on your location.
Agreement: Once we've agreed on the terms, you'll sign a consignment agreement outlining the details of the auction, including commission rates and any additional fees.
Cataloging and Photography: Our team will then catalog and photograph your items to create a detailed listing for the auction.
Marketing: We'll market your items to our network of buyers through our website, email newsletters, and social media channels.
Auction: Your items will be included in one of our upcoming auctions, where they will be available for bidding to our global audience of buyers.
Payment: After the auction, you'll receive payment for your items, minus our commission and any applicable fees.
Hosting Your Own Auction
If you have a large collection of items or property that you'd like to sell, conducting an auction with Wiregrass Auction Group at the item’s location may be the right choice for you. Here's how it works:\
Consultation: We'll start with a consultation to discuss your auction needs and determine the best approach for your situation.
Planning: Our team will work with you to plan and organize the auction, including setting a date, creating a marketing strategy, and determining the auction format (online, onsite, or a combination of both).
Cataloging and Photography: We'll catalog and photograph your items to create a professional auction catalog.
Marketing: We'll market your auction to our network of buyers, as well as through targeted advertising to attract new buyers.
Auction Day: On the day of the auction, our team will manage the bidding process and ensure that everything runs smoothly.
Payment: After the auction, you'll receive payment for your items, minus our commission and any applicable fees.
Costs Associated with Auctions
At Wiregrass Auction Group, we strive to make the auction process as transparent and cost-effective as possible. Here's a rough idea of the costs associated with selling your items or property at auction with us:
Real Estate: There is typically no commission to the seller when selling real estate with Wiregrass Auction Group. However, there is a 10% Buyer's Premium, which is paid by the buyer.
Personal Property: The commission for personal property varies depending on the scope of services required to sell the asset. For smaller assets consigned to our facility, the commission can range from 35%-50%, while for larger or more valuable assets such as equipment, jewelry, etc. it's 0%-25%. There is typically a buyer’s premium added to the auction in which the buyer pays additional commission.
Liquidations or Onsite Auctions: For liquidations or onsite auctions, the commission rate may be slightly higher due to the amount of organization required on the front end.
Selling your items or property at auction can be a rewarding experience, and at Wiregrass Auction Group, we're here to help you every step of the way. Whether you're consigning a few items or hosting your own auction, our experienced team will work tirelessly to ensure that your auction is a success. Contact us today to learn more about how we can help you sell your items or property at auction.
