What's it Worth? Appraisal for Antique Geisha Doll
POSTED May 11, 7:46 PM

Edward asks:

I have an antique or vintage, incredibly detailed very beautiful Geisha dancer / performer. She is made of various materials, (I believe her face is hand-painted silk), meticulously attired and accessorized with fan, drum, pearl and coral necklaces, reddish gold hat, and white tabi socks -- they fit when they wear their sandals that have a split between the big and other toes. Layered over her elaborate gorgeous kimono is a gauzy painted fabric that ties in a bow in front.

She stands @ 22” H x 10” W. There are no markings I can see.

I found her in an eclectic store on New York's Lower East Side about 25 - 30 years ago.


AW says: Thanks again for your appraisal request. If I've said it once, I've said it a thousand times, when it comes to almost any of figurine, painting or any other type of art that has included in it a human form, look at the eyes. In this case, one needs only to look at the eyes of your doll to know she was painted and crafted by a master. Thanks for sending so many pictures, although I've only used 2 of them here, the others were helpful.


Date range:
1910s-20s

Retail value:
$1800-$2200
(top price)

Wholesale value: $600-$900
(The midrange price you could expect to achieve at a well advertised live auction. The price that is most often realized)

Quick sale value: $400-$500
The price your likely to get if you have to sell your item immediately and your prospective customer is aware of this.

Common trade terminology: Antique Japanese Geisha Doll, Silk Geisha Doll, Hand Painted Geisha Doll

Nicknames or slang terms: N/A

In most cases, I believe it would be beneficial for your to give the prospective buyer a link to this page, and to bookmark it via your favorite bookmarking service.


Care and storage tips: Keep in even temperature and keep dry

To learn about my 100% guaranteed appraisals click here.


Access my online radio show by clicking on the link below.



Categories: antiques , values , dolls
0 Comments: Add
 
It IS Easy Being Green, With Antiques.
POSTED May 9, 3:43 PM

1930s buffet

  I like to think of myself as a hip guy at least for my age. Sure the music I listen to consists of a mix of classic rock, old school punk, and anything by Johnny Cash, but that alone doesn't make me an old Geezer. My kids and family think that I'm automatically in that category just by my association and my love for antiques but let me rebut that by professing that my passion for old things is actually cool from an environmental standpoint.

Today the focus of this post which is that antiques are Green, very Green, and right now being Green is "in", and arguably the most important thing to be as a consumer. Now maybe it's just  that as I'm getting older I'm finding my need to have my field of work accepted by the tragically hip, as well as those who need hip replacements, but I really see a huge benefits younger generations in antiques & collectibles.

Probably the best way to win you over  and convince you that antiques are the ultimate Green products, would be to jump right in prove my case, but do I do that?
Naw, not me, the big mouthed auctioneer, I gotta pick a fight with my audience first! Here are my fighting words.  You guys gotta get shed your addiction to disposable material luxury, especially with the extra obnoxious items. Seriously, there's nothing wrong with a little flash, but c'mon, a Hummer?! Face Grills?!
 Do you need to display the fact that you have money so bad that you have to wear it on your face? nuff said.
If your financially fortunate enough to be able to afford those things I've just mentioned let me make a couple of suggestions. First, instead of a Hummer, how about a nice vintage Rolls Royce? Something in a  Phantom, or the Silver Ghost would be much more stylish, get you more attention, about the same gas mileage and which do you you think will be worth more money in 10 years? Right. Here's where the Green part comes in, "the Rolls Royce is already made". No extra production strain is put on the planet for raw materials, the same of course applies to any collectible or used item you purchase rather than a newly produced item.
Think for a minute how hard teams of scientists work to invent ways to cheapen productivity cost and lessen environmental impact of new products. Something that's already made has cuts both of those factors to 0, with no effort. The Green benefit becomes even larger when you consider the potential disposal fee of the antique, collectible or used item that's saved. What about the landfill room saved?

                                                       But what about the average person?

So, let's say you're not, and will never be in the market for a Hummer or a Rolls Royce. How can you save a bunch of cash with antiques? Aren't antiques expensive?  No, this is the biggest mis-perception that haunts the antiques world. Generally speaking, good quality antiques, used furniture and collectibles are much cheaper than new items of similar quality. The key part of that sentence being of similar quality.
Let's take for example a nice Victorian solid Oak chest of drawers with a matching attached mirror. The average price range for such an item at auction is $150-$300 right now. You can go to Walmart and find something just as pretty for about $150 so were even so far. I'm sure most of you know that the pretty item at Walmart will be fake wood, what is commonly referred to as particle board or presswood. Don't put a drink on it, and DO NOT attempt to move it once you've assembled it. Spilled drinks will dissolve the finish and moving it, even once, will loosen joints and make drawers unworkable. Junk. Now you CAN go to a good quality furniture store and buy a new dresser of solid Oak, somewhat close to the quality of the antique Victorian Chest I mentioned above, but it will cost you about $1,500 to $2000 dollars.  Again, which do you think will be worth more money in 10 years? Right.
The same principles apply to virtually all quality antique items. You can get knock off new junk in stores for about the same money  or  you can get a  comparable quality new item for about 10X the price or you can just get the antique item at an affordable price and if you take care of it, it will likely appreciate in value.

        For those just starting out

If you're just starting out and have little money, don't go slapping your future down on a credit card to furnish your home. Every week throughout the country there are tons of small auction houses that would love your business, and in most cases you can fill up a truck and furnish a small apartment for under $500.00, lamps and accessories included!
With the foreclosure market the way it is, many people are downsizing, as a result there is a glut of used furniture on the market at local auction houses and second hand shops. I'm watching pieces that used to auction for $150-$200 each, sell for $25 and $50! That's if the auctioneer can even get a bid on them. It seems that the dealers in the audience are all looking for small items to sell on eBay or only want the 1 or 2 outstanding pieces of furniture in the sale.

Got Skills?

If you're handy and are willing to do a little work, you can have something truly unique that will cost you nothing or very little. If you have the skill and inclination, I beg of you to go rescue one of those awesome vintage Stereo or "Hi-Fi" cabinets from the 1950s-60s.

 Most people getting rid of them are willing to give them away. These can be converted into great liquor bars or buffet type pieces. Take out the record player and pop in a dry sink, take out the speakers and you have space to store things you wish to keep hidden. Keep the top down and it makes a great stand for a large fish or Iguana tank. Have you seen how neat some of those old retro Hi-Fi cabinets are?  If you're a musician, they can be shelled to drop in new gear. If I was held at gunpoint, (no volunteers please) I could come up with at least a dozen other uses for this piece of furniture alone, and think of what else is out there that should be saved.

If you go to an art store for mosaic type material, expect to pay big bucks, but you can find better, more beautiful and truly unique material for next to nothing.  Just go to antique shops or auctions to purchase damaged porcelain and pottery. Etsians (those who sell on Etsy.com) are onto this and have started fashioning custom jewelry and other arts & crafts, which sell for good money.

 

Badly torn posters and antique books are almost worthless to antique ephemera dealers, but every day people get good money for them once they're transformed into collages, altered books and other unusual items.

Jewelry making was just mentioned above and lots of people have found a niche in the market place making custom jewelry. You can go to supply centers and buy new, or you can hunt second hand stores for boxes of old findings or jewelry parts, which again will likely be very cheap when you do find them.

There are millions of antique and used items out there waiting to be rescued from the back rooms of auction houses, antique shops and second hand stores, many of them are cheap or in some cases free.

Make a statement, be unique, go Green, buy an antique.










 
2 Comments: Add | Read
 
What's it Worth? Appraisal for 1950s Roll Top Desk
POSTED May 7, 7:45 PM

Alyssa asks:

Hey Wally,

We have a c-top rolltop 3/4 slat double pedestal desk that we were told was made in the 1950s in Alaska and is made of mahogany. It is in great shape. Few scuffs, tears or scratches. The roll top part of it works great.
It has a marble inlay writing surface 22 x 20.
It has brass drop knobs.
It is roughly 51" tall, 27" wide, and 60" long.
Thank you.
Alyssa
AW says: That's a very good quality Roll Top Desk as indicated by several features. The most prominent being, it's abundant amount of cubbyholes, the raised panel design, the marble writing surface and the brass knobs. I think I disagree on the wood though, it appears to be of Walnut with oak braces and supports. However, it could be Mahogany, pictures don't always give a 100% perspective.



Date range:
1950s

Retail value:
$900-$1200
(top price)

Wholesale value: $500
(The midrange price you could expect to achieve at a well advertised live auction. The price that is most often realized)


Quick sale value: $300
The price your likely to get if you have to sell your item immediately and your prospective customer is aware of this.

Common trade terminology: Roll Top Desk, 1950s Roll Top Desk, Rolltop Desk, C Roll Top Desk,

Nicknames or slang terms: C-Roll Desk

Selling tips: The challenge with selling something this size is it's size and the fact that only a limited amount of people looking for it. Oddly enough, those are it's biggest assets as well because when you find a buyer, they're not going to see a lot of these around.

I'd try to market it on Craigslist or another good classified ad venue. Play up the paneled drawers and the marble writing surface.


In most cases, I believe it would be beneficial for your to give the prospective buyer a link to this page, and to bookmark it via your favorite bookmarking service.

Care and storage tips: The best thing to cover those scratches with is Old English scratch cover, it works like magic. Make sure you use the kind for dark woods and that you wipe off the excess.

To learn about my 100% guaranteed appraisals click here.


Access my online radio show by clicking on the link below.


To find out how get the best money possible for your valuables click here!

Categories: values , furniture
2 Comments: Add | Read
 
What's it Worth? Cut Glass Bohemian Wheel Cut Compote
POSTED May 7, 11:14 AM

What's it Worth? Appraisal for Antique Wheel-Cut Compote

David asks: Hello, This belonged to my great grandmother. No chips or anything. What's it Worth?

                                    


AW says: That's a Bohemian style "wheel-cut" compote. Circa 1910s. It's most likely Czechoslovakian, which means it's of very good quality.

Date range:
1910s

Retail value:
$125-$175

(top price)

Wholesale value: $50-$75
(The midrange price you could expect to achieve at a well advertised live auction. The price that is most often realized)

Quick sale value: $35
The price your likely to get if you have to sell your item immediately and your prospective customer is aware of this.

Common trade terminology: Czechoslovakian Cut Crystal, Glass,

Nicknames or slang terms: Canoe compote,cut glass compote. wheel cut.

In most cases, I believe it would be beneficial for your to give the prospective buyer a link to this page, and to bookmark it via your favorite bookmarking service.

Care and storage tips: As with most good quality antique glass, never put it in a dishwasher and avoid extreme temperatures.

To learn about my 100% guaranteed appraisals click here.
Categories: appraisals , glassware
0 Comments: Add
 
An Appraisal for A Gingerbread Clock
POSTED May 7, 9:23 AM



Adrienne asks:

Hello,

I inherited an oak shelf clock made by the Ansonia Clock Company. After extensive research on the Internet, I’m guessing that this clock was produced in the New York Factory around the time of the fire.

There are some very faint markings on the back with numbers and dates; I assume this was the servicing record, like 12/1/1976 another date marking on the back is “1878”. As far as I know, I have all original parts including the key with number 75 engraved on it, and the clock does work. The Height is 22” and the Width is 14”.

There is some damage to the top, where it was glued (not very well) but I did not want to make any professional repairs until I was sure I would not affect the value.


AW says:

Thanks for your request. The reason you can't find anything on this clock is because of the fire, and the records for such a clock, along with any information was most likely in the fire of 1880.
The reason we can so definitively determine the date of your clock is because of the period this type of clock was in style so we know the date on the back (1878) is correct, it could have been made a year or two later, but certainly not after the fire in 1880.

It is commonly referred to as a 'Gingerbread' clock, so named for the ornamentation that surrounds the case.
Your correct about the other date on it being a maintenance log, this is common among clock repairers.


Date Range Made: 1878-1880

Retail Value: $250-$325.00 (Generally, Gingerbread clocks top out at $175.00-$200, but I'm adding a premium to yours due to it's scarcity because of the 1880 fire.
(top price)

Wholesale Value: $150-$$225
(The midrange price you could expect to achieve at a well advertised live auction. The price that is most often realized)

Quicksale Value: $75.00-$125.00

The price your likely to get if you have to sell your item immediately and your prospective customer is aware of this.

Common Trade Terminology: Gingerbread clock, Ansonia Clock, Mantle Clock.

Slang Terms: N/A

Selling Tips: You want to promote the fact that this was a clock who's manufacturing is limited due to the fire. eBay or a good local antique auction is the best bet for a good price.


Care and Storage Tips:

If your confident that you can glue the wood yourself and do a good job, that's fine, however, don't try to polish or restore the face by yourself, in fact even with professional restoration efforts, I'd consider it to be worth more in it's original state.

If you ship, don't forget to pad the works and tape the glass door.


To find out about getting your own 100% guaranteed appraisal click here.
Categories: antiques , values , clocks
0 Comments: Add
 
A Few Good Tips if You're Forced to Sell Personal Possessions to Raise Cash
POSTED May 5, 1:04 PM

To say that some people are having a difficult time making ends meet right now, would be a gross understatement. I saw this coming and months ago, began writing an eBook to help people with this unfortunate circumstance.

I recently read an article that told of a mom selling family heirlooms on eBay to raise much needed funds to compensate for shortfalls in the family budget. The surface of the story had a rosy sheen that  made it sound like this was a fun new hobby for this mother. In fact, it was actually another "job" on top of the 3 she and here husband are already working. Yes, extra money would be coming in as a result, but to what expense?
Most likely, the few minutes she was actually able to spend with her kids after dinner would have to be sacrificed.
Now I'm not at all against selling items to quick cash. I'm an auctioneer and thus a liquidator, it's what i do, so I understand it. What I have a problem with is the above scenario being presented as just perfectly acceptable thing, just another little bump on the road to the American Dream.  This is not ethical economic philosophy and in my opinion, it was poor reporting. 

Let me just clarify my position a bit further so as not to alienate any of my fellow eBay brethren:

 Selling on eBay or anywhere else for extra money or as an income producer, that's a good thing.

Selling your family treasures because you need groceries and gas means this country needs new economic direction.


nuff said.

Although it's not the optimal choice to raise extra cash and I don't advise it, selling ones personal possessions is often the only available method to raise much needed money.  In light of that, let's look at some tips that will actually help those are in this position. Some of these apply to online sales only, some to off line sales only and some to both, take what you need and throw away the rest.
  • As hard as your situation is, you need to step outside of your needs for a minute, and think like the prospective buyer. The more desperate you appear, the less you'll get. On the other hand, coming from a confident position and understand what the buyer is interested in, will raise value.
  • Learn as much about what you have as possible, the less you know about an antique or collectible, the less you will get for it.
  • Learn a few of the most often used negotiation tactics in the used items and collectibles market. There are many of strategies, but there are a couple that always pop up.  Click  here to see those strategies explained in detail.
  • If you think you have a very valuable antique or collectible, by all means get it appraised or at least authenticated. Many local dealers will authenticate an item for free. You will get more for it if you can prove it's provenance.
  • If your new to selling on eBay and are going to skip the tutorial, AT LEAST READ THE FAQs.
  • Use the spell check in eBay, studies show that sloppy descriptions generate lower bidding activity.
  • By all means, go to my site  and suck up as much free information as you can. I have over 350 pages of articles about selling on eBay, appraisals, antiques, the liquidation process, live auctions, selling wholesale to dealers and more. There's no membership fee or sign up process required to take advantage of the information.  I've dedicated the latest episode of my online radio show to this subject and it covers it in much more detail. There is also a full text companion transcription along with links to sites discussed in the show.  Click here to see that material.

Take a deep breath, realize that this will pass and get ready to think like a salesman/woman. Who knows, you may find a new career.

If anyone reading this has any tips they think will help out, please post them in the comments section.

Good luck and take care,

AW
0 Comments: Add
 
How Come She Can Sell That But I Never Could?
POSTED May 2, 11:11 PM
The Magazine of Fantasy and Science Fiction Isaac Asimov


Every once in a while, even though I know the answer, I still find myself asking on occasion, "how come she can sell that and I can't". This time I came across a great book that my friend Mitzi is selling or has sold depending on when your reading this post. Now, grant that it has an awesome cover, but I just had some great vintage Sci-fi up with super artwork covers for auction and didn't sell the lot. They were priced low too.  I know Mitzi will have great luck with hers and the reason is that she's got such a strong vintage blog persona and has the perfect flair for lots like this.

Anytime you go to Vintagegoodness.com you'll find fresh retro collectibles presented in a blog so entertaining you'll be wishing you could step into the screen for a visit.  What to expect would be a usual large excellent dinner set or two, vintage cookbooks, accessories and lots of wildcard lots because the site doesn't tolerate ho-hum! A couple of weeks ago she sold the same year and model vintage radio that was on Gilligan's Island. That would sum up the site as well as anything.

 But I'm not sending you there dear reader to try to get you to buy something, I want you to see the fantastic job Mitzi does with social marketing, just to know what's possible and how important it is to put your own personality into your site if your going online to sell a product or service. That's the point of this blog, to demonstrate that certain people can sell certain products or services much better than others. The reason they create their own flavor. If you happen to buy something, it's not my fault!

These days so many people are looking to take some kind of business model online,  as the number increases, the need to stand out becomes ever important. As the "series of tubes we know as the Internets" becomes more clogged, people are going to seek truer niche vendors that are willing to stay fresh, and put customer service first. Go to Vintagegoodness.com to see one woman's zany and fun way of doing things, if not for inspiration, then just for the he** of it!

AW
Categories: Business , vintage , retro
0 Comments: Add
 
What comes around goes around and around and...
POSTED May 2, 9:46 AM

It's an old adage, one we've all heard before, "what comes around goes around". While this usually refers to Karma, in the context of this article, I'm referring to this phrase in the collectibles market as there has never been a more truer statement in the antiques business.

It's interesting to me to see how things are recycled through this business, where they end up and how they get there etc. In the course of the years I've been in the auction business, I've sold the exact same item more than once on many occasions. Sometimes it will go from dealer to dealer and then gets run back through the auction. Many times it will take trips through several states and end back in my hands. I haven't had anything that's traveled to other countries end back on my auction block yet, but now with the popularity of eBay I'm sure that's possible too.

I really enjoy it when I walk into a distant antique shop and see exactly the same oak file cabinet I auctioned two months ago. (I know it's the same because it has EJP carved into the top right drawer front). How much do they have on it? $225.00 very reasonable, it went across my block for about $95.00. I ask the shop owner where he got it. "A dealer brought that to me that attends auctions in Western MA", (The shop is in CT) When I told him I was the the auctioneer that sold it, he confides that he gave the guy $125.00 and an album full of old postcards for it.

I told him the price it sold at auction for and we started a conversation about how this market regulates and renews itself. The conversation led to the joys of being a picker and the perils of the self employed, which led to an exchange of business cards and a promise to contact each other in the event one of us runs across each others forte in the business. I told him to call me if he gets any big lots of early paper, and swore that I'd give him a holler when I come across serious Art's & Crafts oak pieces. Fair trade, what comes around goes around, you can't beat that.

Seeing the new home of one of my recently auctioned items is like visiting an old friend, but the best benefit of that visit is often making of a new friend. One of the questions I'm often asked in this business is, "What is the most valuable thing you've ever found"? My answer is always the same, "A good friend in the business". While that may seem a little hokey and a cliche, it's absolutely true. The most valuable estates I've even auctioned, came through a referral from a friend in the business. Some have sent me many jobs, and I make sure to thank them with a generous finders fee because...what comes around, goes around.

So if you see something that you've sold a while ago in the hands of a new owner, take a minute to ask where they got it, the story of the journey may be very interesting, and you could make a valuable contact.

Let me know if you have a tale of a traveling antique.

Thanks for reading,

AW



Categories: antiques
0 Comments: Add
 
Online Appraisal for Antique Eastlake Bed
POSTED May 1, 7:15 PM

Cindy asks:

This is in Excellent condition - original finish - solid oak. Full size extra long.
Wood side rails. Taken extremely good care of the bed throughout the years.

Headboard is 70inches high (from floor to crown), 57 1/2 inches wide.
Footboard is 33 1/2 inches high and 57 1/2 inches wide.
Side rails are approximately 1 foot high

Headboard top comes off.

Over 90 – 100 years old I was told but can't get the exact year. It has been in my family
from the beginning. I have been told it is worth quite a bit.

Can you help me?

I have another old bedroom set that I plan to send to you soon.

Thanks – you came highly recommended by Terri H.


AW says: That's a very nice Eastlake style Victorian era, spoon carved Oak bed. Points for height and original finish. These old beds are coming back in favor. Usually beds are kind of tough to sell, but of antique beds, these large Eastlake high headboard beds are better sellers.

You can find these listed at much higher prices on the internet and elsewhere, but trust me, they're not selling in those price ranges yet.



Date range:
1880s

Retail value:
$1000-$1200
(top price)

Wholesale value: $400-$600
(The midrange price you could expect to achieve at a well advertised live auction. The price that is most often realized)


Quick sale value: $250-$300
The price your likely to get if you have to sell your item immediately and your prospective customer is aware of this.

Common trade terminology: Eastlake Bed, Victorian Bed, Spoon carved Headboard, Spoon Carved, Spoon carved Oak


Care and storage tips: Nothing special, I'd be careful about what kind of treatment if any that you give it. I'd give this points for original finish which is important, I'd just dust it at the most.

To learn about my 100% guaranteed appraisals click here.

For my best advice on selling your valuables, click here.

0 Comments: Add
 
How to Hire an Auctioneer
POSTED April 30, 6:57 PM

I love auctioneering because to me, it's the most democratic type of economy available. And saying that auctions are an actual economy is not a typo or an altruistic statement. I really mean they are their own economy.

Within an auction, there is: Currency, both monetary and non-monetary. The trust of fellow dealers is a form of currency that has value, as well as the integrity of an estate and the crew handling it. Marketing, promotion, etc.

See, all of these things hadn't any monetary value until the shape of the auction took place around them, designating them an abstract form of currency.
Then an economy needs markets right? There are enough flea markets and antique shops in this world to keep an endless supply of auctioneers hopping. And there are not really an awful lot of auctioneers.

Mass interest: An economy needs that, no? I mean if a good portion of the world isn't interested in playing ball, then an economy will collapse.
Let's face it, one man's trash has been another man's treasure since the first cave man threw out a Saber toothed Tiger bone, and Grog fashioned it into jewelry for his cave girl. So we know enough people are "willing to play ball".

Now what you may ask does this have to do with hiring an auctioneer. Well, everything.
You see, whether your hiring an auctioneer to MC a charity event, or you want to liquidate Grandmother's estate, your asking someone to do a very big and important job. Now many of you reading may know that, but a common belief is that the only thing an auctioneer needs to do well is talk fast, and that's just not true.  In the case of an estate when your looking to hire an auctioneer, your asking someone to be responsible for a good portion, if not all the entire accumulated wealth of a deceased loved one.

Maybe your in need of a fund raising auction and the event is going to be 50% or more of your organization's yearly budget. Not every auction is this important, but many are. Ask yourself how important your auction is to you. Then decide if you need a rubber jawed junk dealer, or if you want someone that understands and respects your situation. An auctioneer of good caliber can sum up any job in your first meeting and give you a very clear cut idea which direction you should go in.

That last sentence would be the meat and potatoes of this article then. What you most likely want to know is how to tell if you have an auctioneer that is right for you and will treat you fair.

Important things you have to consider when choosing an auctioneer.


First find out if the auctioneer available in the date range your working with? Although a good auctioneer can get a sale ready in a few weeks, auctions are often booked months in advance, some, as much as a year. Therefore, he may be busy in the date you need him. Let them know on the phone the time frame your looking at, it may save you and the auctioneer a wasted meeting.

Do they do the kind of auction you want to run? Most auctioneers are flexible, but each has his/her forte. Mine is antiques/collectibles and estates. Some auctioneers do only heavy equipment etc. You get the idea, this can also be found out over the phone.

When your calling an auction hall, if you reach anyone other than the auctioneer, ask when they can be reached. Unlike a lot of other businesses, there are not very many questions an auctioneer's help can answer for you with much accuracy.

So you've decided to meet. If it's a big job and the auctioneer is late for the first meeting without a ROCK SOLID excuse, don't hire them. While this may sound overly harsh it is not at all. The most important talent an auctioneer needs to have is a sense of timing, it is the most crucial element to reading a crowd of buyers and reading a crowd of buyers is the auctioneers most important job.

I've seen people auction off antiques that know nothing about antiques, yet they can get more money than the guy from the antiques road show because they know how to work a crowd to just the right tune. Of course it's better to have an auctioneer that knows the merchandise and can read a crowd. But I'll take a good sense of timing over anything. If they can't make it on time to the very first meeting, what does it say for their sense of timing? Late auctioneer = bad auctioneer.

* So you've met, now the auctioneer is looking over the estate. How is he/she handling the items, with respect or nonchalance?
* Does he seem to know what he is talking about?
* Ask a lot of questions such as:
* Does she/he purchase estates?
* How many auctions has she/he called. (Be careful of anyone whop has called less than 25 auctions.) In most cases you want a veteran.
* References?
* Is there an auction they have coming up that you could attend?
* Ask how much certain things are worth, the key here is to look for someone that knows ranges, but probably won't commit to firm prices. Anyone that starts guaranteeing they can get you this for that, and that for this, is either full of bull, or doesn't have that much experience yet.

This is a good sign of someone that may be overanxious to get work and will say what they think you want to hear. Any smart auctioneer is going to answer your value questions by saying something like: "I'm going to do the best I can because the more you make, the more I make".
* Commission fee ranges: A reputable auctioneers percentage will vary, but should fall with-in 25 to 35% to you, with a 10% buyers premium. The rule of thumb is, the pricier the estate, the less commission charged. Please realize there are many commission fee factors such as, who is responsible for the clean-out of the property, who pays for the ads, rents the tent if any, is it at an auction hall or on site?

A red flag should go up if the commission fee offered seems too low. Ask yourself why, and how might someone in this position try to make up for that lost revenue. There are sharks in every business, but they usually give off signs if you know what to look for. I don't want to give the impression that Auctioneers are any less honest than people in any other profession, but they are often in a very powerful position with your estate, so please be careful of whom you give that power to.
* When and how does the estate get paid? The standard is around 14 business days.
* Ask every question you can think of, it's an important test.
* If it seems like I'm asking you to throw a lot at this person you've just met, that's because I am. They can handle it if they're a professional.
* A good auctioneer deals with up to hundreds of people at the same time, trying to sell an entire room full of people something, two to four hundred times a night! If they can't answer more than a few nagging questions without getting rattled, I'd look for another auctioneer if possible.

If you've found someone to work with, make sure they are willing to give you a clear, easy to understand contract. Never, hire an auctioneer without a contract.

 I welcome any questions or comments you may have. If your would like more information on auctions go to Auctionwally.com

You may also be interested in my online radio show, The Auctionwally Show


Thanks for reading and attend an auction this week!

AW
Categories: auctions
0 Comments: Add
 

More Entries (1)