How To Get The Most Out Of Auctions As A Seller
Auction houses provide great opportunities for selling your antiques, helping you to clear some space and make a nice profit. However, to get the most out of the experience, you need to understand the process. This will help you get the most for your items and know what to expect along the way.
With that in mind, here’s how to get the most out of antique auctions as a seller.
Look At The Current Market
Taking a look at the current market by attending a few auctions and looking at online listings can give you a good idea of what is selling and how much items are selling for.
There are a lot of factors that can impact how well something sells, as well as how much you’ll likely get for it, so checking out the market can help set your expectations. Everything from the rarity and current trends to the condition of an item can impact its value and sellability, so scoping out similar items can tell you if it is the right time to sell.
On top of this, you’ll be able to see if there are any factors that drastically affect the price - such as certificates of authenticity or specific types of auctions. As the goal is to sell for as much as possible, getting to grips with everything about the market right now can make a huge difference.
Research Your Items
Giving as much information as possible about your items will help create more demand, so it is worth researching what you want to sell. Understanding when and where it was made, which company produced it and whether it has had any repairs can help you write a detailed description that collectors will need to make a purchase decision.
If you don’t have much information on your item's origins, it could be worth getting it appraised first. This will give you insight on whether it is worth selling and if there is anything that could affect its price. This research will also impact the guide price of your item and enable you to see if it is worth setting a reserve.
Ensuring your items look the part will help them to sell. However, you must be careful not to damage your items when cleaning them as this can affect the value. You want to ensure that everything looks good but not at the expense of the items estimated price.
If you’re not sure how to successfully clean up an antique or need advice on whether it is with doing, it is always a good idea to consult an expert. They will be able to give advice if not handle the cleaning themselves, helping your items look their best before going to auction.
Talk To The Auction House
You want to be sure that you are selling in the right place and that you understand all the ins and outs of the process. You can usually find the information you need on an auction house’s website, including a good idea of the types of items they sell.
Have a look for information about registration, item delivery and cashing in your sales so you understand everything involved and the timeline. If you’re still not sure, talk to the auction house to get any questions answered. They will likely also be able to give advice on how to get the best price for your items, which is always going to be beneficial.
Be Sure You Want To Sell
It may not always be the right time to sell your particular items or you may regret the sale if they have sentimental value. Before registering your items, you should make sure that now is the best time to get the best price for them but also that you really do want to sell them.
It may be that you’re better off waiting for a more favourable market or that you want to hang on to items a little longer. Whatever the reason, making sure you’re happy to go ahead and have everything correctly in place will ensure you’re happy with the outcome of the auction.
For more information on selling with Decorative Collective, take a look at our sellers information hub.