speaking of auctions

Anonymous-0 · Apr 24, 2014

how does consignment auction work for the stuff that does not sell? I'm not talking equipment, more like household/garage type items.

DeltaRed · Apr 24, 2014

Kinda depends on the item,auctioneer .......Some charge half commission,some charge full commission,some charge a flat fee.Ask your auctioneer......

Ray · Apr 24, 2014

That's what landfills are for.I've seen piles of left over stuff at estate auctions that no one would bid on.

wisbaker · Apr 24, 2014

It'll be stated in the contract terms, some auctioneers are artists in getting rid of this stuff through creative bundling and selective auction order. Or to put it bluntly they make sure you take your share of garbage home with the good stuff

redforlife · Apr 24, 2014

Well, if it does not sell because consigner no-sells it (it didn't bring enough), then a fee is ussually paid by the consigner. This fee is ussually a set amount below a certain dollar amount. A percentage if above that same dollar amount. Not sure that there is a charge for an item that just plain don't sell because they didn't get a bid on it. Ussually consignment auctions have rules about what you are permited to put on the auction. Such as no junk tires, or no garage sell items, or in other words no items of no value. Estate auctions are different. They try to sell everything. If no bid, they throw it in with something else, but that same item gets left behind by the buyer 9 out of 10 times.

rustred · Apr 24, 2014

simple.. its garbage.

tomturkey · Apr 24, 2014

I've bought plenty of other peoples junk on purpose. When the auctioneer bundles, I'm not reluctant to leave the junk I don't want behind. Consignment sale the auctioneer can get rid of it.Estate or retirement auctions the owners get to throw it away. gobble

ShadetreeRet · Apr 24, 2014

Kornfused, There are two or three auction houses around here that sell stuff on consignment. The basic difference is, an estate sale is where everything that is offered belongs to one person or family, a consignment sale is where different people offer items at one place to be auctioned and the auctioneer and his staff have the responsibility of keeping the record straight as to who is paid for which items. If it does not sell, the owner takes it back or can leave it to be offered at the next sale. Around here some auction houses only operate every two weeks or once a month.

ss55 · Apr 25, 2014

Anything that does not sell must be removed before I can receive my check. That seems fair to me.

Anonymous-0 · Apr 25, 2014

thanks for all the responses. I've never held an auction myself. We are going to have to "clean" out Mom's garage and was just wanting to know what to expect. There are a lots of old car/truck parts but of course you have to have get them in front of the right people. And I hate to see anything go to the dump that someone else can use. For instance, new, still in the box brake linings for an early to mid fifties Ford. It's not practical for me to take the stuff to a swap meet (mom is in OH and I am in MO).

Pops1532 · Apr 25, 2014

Unless you have truck loads of NOS parts, or desirable used parts, expect to get about 1/2 of scrap value or less at auction. Your best bet is to sell the entire group of parts to someone that does swap meets.
If you were auctioning tools and vintage cars, and had the right auctioneer, you might get decent money for the parts. The parts alone aren't likely to draw much interest unless you have something desirable.

speaking of auctions

Anonymous-0

Well-known Member

DeltaRed

Well-known Member

Ray

Well-known Member

wisbaker

Well-known Member

redforlife

Well-known Member

rustred

Well-known Member

tomturkey

Well-known Member

ShadetreeRet

Well-known Member

ss55

Well-known Member

Anonymous-0

Well-known Member

Pops1532

Well-known Member

Similar threads