TIME IS MONEY + KNOWLEDGE IS KING = PROFIT FOR YOU
When people contact my gallery to consign items there are very few questions I ask.
1. What is the item?
2. What is the condition?
3. When can I view the item?
A majority of consignors normally get the first two questions wrong –
Someone may see something online that sold at auction for a large amount of money, and believe that they have something very similar. They quickly determine that the item they have is worth a similar amount – BUT that is rarely the case – not always – but rarely.
It is why my gallery has developed a way to help those who believe they have found treasure to determine and verify if in fact it is potentially valuable.
WHAT IF IT IS TREASURE?
TIME IS MONEY
We determine you have something of value. We have verified it. You now want to have it presented at Scott Daniel’s Auction. The more valuable, the longer you should allow for the items sale. Proper representation, and presentation, is crucial when looking to get the best price for your treasure. There are many auction companies that take a “throw and go” approach, simply meaning you bring it in, they take it, tell you what you want to hear about what it could sell for, and then without any promotion other than perhaps a couple of pictures, put it up on the auction block and sell it (normally for a fraction of what you expected and what they told you).
When you consign an item, we put a minimum price that it will sold for – Not a verbal acknowledgment, but in writing. It is our policy to take items with potential high monetary value and promote them properly, allowing potential qualified buyers to see the item. The more valuable the item, the longer we promote it. Presenting an item at our auction can be scheduled in as little as two weeks based on the sellers needs. We normally request 60 to 90 days for items going into a high-end auction event.
To sum the Time factor up –
Determine a realistic selling price at auction and get it in writing from the auction company presenting it.
If you can afford to wait, do not take your treasure to a auction that is going to treat it as “just stuff” but bring it to a popular auction gallery that will promote the piece properly and if possible – give them the time to reach qualified potential buyers.
Take time and ask questions when selecting the auction gallery. Questions should include “How long it takes to get paid once the item sells at auction?”, “Will you get everything in writing?”, “Will the auction be presented online?” (Something Scott Daniel’s Auction always does for the simple fact that you allow more qualified potential buyers to participate).
Don’t fall for auctioneers who belittle your item. Any explanation or determination regarding your item should just be facts backed by verifiable supporting documentation.
Find out if the gallery caters to re-sellers, or collectors. The majority of Scott Daniel’s clients are collectors – astute, knowledgeable, collectors. Collectors normally pay more and don’t base their decision on how cheap they can get it for.
What fees does the gallery charge? Scott Daniel’s Auction Gallery charges a 15% sellers premium. We do not charge a pickup fee, we do not charge a storage fee, we do not charge a catalog fee.
Armed with this knowledge – you can now begin to take steps in properly selecting an auction gallery to present your item.