Auctioneers are not all the same. Just as Doctors and Lawyers have dissimilar levels of caress and dissimilar areas of specialty, so do Auctioneers. Some Auctioneers have primary experience, while others are fresh out of Auction School. Most Auctioneers are generalists; others are experts or specialists in a single area. Some Auctioneers have an exquisite reputation and a strong following of loyal customers, others are struggling to stay in business. Most Auctioneers are honest, some are not.
And if you agree the wrong Auctioneer to cope your consignment, your decision could cost you dearly.
Tiffany Jewelry Store
That's where an "Auction Broker" comes in. The variation in the middle of an "Insurance Agent" and an "Insurance Broker" is that the insurance "Agent" represents one and only one company, whereas the insurance "Broker" represents several companies, and is able to shop your company colse to with several clubs in order to search the best company, and to accumulate the best rate, for your single needs.
Auction Brokers represent You, Not the Auctioneer
Waterford Round Ring Holder Best
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Waterford Round Ring Holder Feature
- Standard Waterford Grey Gift Box
- Made in Ireland
- 3.5" Tall
- Introduced Spring 2003
- Care Leaflet and story card
Waterford Round Ring Holder Overview
The Round Ring Holer has a starburst cut on the underside that shows through tht ecrystal creating a beautiful effect. Along the outside are straight cuts that add texture and a beautiful design to the piece. This is a great piece for any vanity to hold precious ring or small pieces of jewelry.
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*** Product Information and Prices Stored: Feb 21, 2012 11:16:11
The same is true of an "Auction Broker". Whereas an "Auctioneer" represents one and only one Auction company (their own), an "Auction Broker" represents several dissimilar Auction clubs and can steer your consignment to the Auction company best fine to cope what you have to sell. This is highly important because the key to getting the most number of money for what you are selling at Auction is to search the best Auctioneer for what you have. And the Auction Broker is often the best someone to help you perform that.
Most Auction transactions involve signing a contract with the Auctioneer. That contract will specify important points such as the commission and fees involved, when you will get paid, proper terms and conditions of sale, etc.
All Auctioneers are going to charge you a "Commission". That commission will commonly be a ration of what they sell for you. For example, if your consignment sells for ,000, and your flat rate commission is 20%, you will receive ,000, while the Auctioneer keeps ,000 to cover his/her staffing, advertising, administrative, and other expenses...and hopefully their profit.
If you are unable to deliver your merchandise to the Auctioneer, most will charge you to pack it and transport it to Auction. And occasionally other fees such as photography fees, listing fees, Internet fees, and other charges may apply.
In transfer for these fees you are, in effect, "renting" the following from the Auctioneer:
• The Auctioneer's Name and Reputation.
• The Auctioneer's Place of Business.
• The Auctioneer's Years of Experience.
• The Auctioneer's Expertise in the commodities you are selling.
• The Auctioneer's Marketing and Promotional Ability.
• The Auctioneer's Mailing List and Contacts.
• The Auctioneer's Knowledge of inherent Buyers for what you are selling.
So the key to getting the most number of money when selling at Auction is to search the best Auctioneer for what you have to sell. As an extreme example, you wouldn't want to sell your Tools through a Doll Auctioneer, because there would be few, if any, Tool buyers attending a Doll Auction. And you wouldn't want to sell your Doll collection at a Tool Auction for the same reason.
But what if you have minute knowledge of the Auction company in general? Or the specialties and reputations of local, regional, or national Auctioneers? What should you do with your consignment? That's where the "Auction Broker" comes in.
Just as the insurance Broker can place your company with the best insurance company for you, so too can the Auction Broker help you to search the best Auctioneer for what you are selling. A fine "Auction Broker" will perform several vital services that will help you to accumulate the most number of money for what you are selling:
• They will explain the Auction process to you.
• They will explain the variation in the middle of National, Regional, and Local Auctioneers, and which Auction level is best fine for what you have.
• They will walk you though the legalese on an Auction Contract.
• They know which Auctioneers specialize in definite commodities, and which Auctioneers have upcoming Auctions in your single category.
• They will search the best Auctioneer for what you have to sell.
• They will help you to understand the best time of the year to sell.
• They will help you understand when to send it all to one Auctioneer, and when it's best to split your consignment in the middle of two or more Auctioneers.
• They will negotiate the fairest commission inherent for what you have to sell. (Are you aware that in some instances Auctioneers will work for "Zero Commission?").
• Depending upon the merchandise, sometimes (but not always) they can negotiate a reasonable "Reserve" for you. (A "Reserve" is a minimum price below which the item will not sell, and commonly has to be negotiated with the Auction Company).
• They will help to ensure that you are not cheated in the process
Here are just a few examples of how Auction Brokers have helped clients receive the most money for what they have to sell.
• Client had several pieces of best art, some best Tiffany and Cartier sterling silver pieces, along with some more average, middle store merchandise. Arrangements were made to have the best items saved for a much best "Catalog" Auction with a prestigious Auction House several months later. These items were pictured in a 4-color, printed catalog and sold on the Internet as well as before a live Auction audience, in order to attract a national and international bidding audience. Those items not worth storing were sold more speedily and turned into needed cash faster.
• Client had mostly middle store items, along with a few best pieces of jewelry. Arrangements were made to sell the jewelry through a company that specialized in jewelry sales, while selling the lower end items through a less experienced Auctioneer who was eager to sell such items, and who sold most of the items individually rather than as "Box Lots" (i.e., selling them by the box), thereby netting the client more money.
• Client wanted to dispose of a Stamp and Coin Collection. Arrangements were made for the Stamps to be sold in a Stamp Specialty Auction, while the Coins were sold in a detach Coin Specialty Auction, resulting in significantly higher prices than if they were sold through a non-specialty Auctioneer.
How are Auction Brokers paid? They are commonly compensated in one of three ways.
• Flat Consultation Fee: Here the Auction Broker will charge the client a flat consultation fee to impart the items, sort them into definite categories, and make recommendations where they will sell best. If the Auction Broker is startling to pack and transport the sellable items, those fees will be additional. This commonly works best with smaller consignments.
• Percentage of Final Selling Price: Some Auction Brokers will work on a ration basis. In this compensation format, they receive a ration of the final gross selling price of all items. This opinion encourages the Auction Broker to sell for as much as inherent because the higher the final selling fee, the more money both the client and Auction Broker will receive. This format works best with higher value consignments, and not as well with low-value consignments. The more work that is startling of the Auction Broker (i.e., packing, transport to the Auction House, etc.), the higher the commission rate.
• Referral Fee from Auction Company: Sometimes the Auction Broker will receive a "Referral Fee" from an Auction Company, just as the insurance Broker is paid for writing company with a single insurance Company. Often this represents a ration of the final commission the Auctioneer makes on the consignment.
The "Broker" opinion is well-established in the insurance industry, but is fairly new in the Auction business. If you commonly attend Auctions and understand the Auction process, you probably don't need the services of an Auction Broker. But if you are relatively new in the Auction field, and if you are inspecting selling things of value at Auction, then an Auction Broker can probably help you from making a very major and expensive mistake.
Auction Brokers represent You, Not the AuctioneerTiffany - Ring (OST Haru) Cover by Lee Tube. Duration : 1.80 Mins.
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