Selling : A Step-by-Step Guide to Auction with Canterbury Auctions
Step 1: Initiate the Process
Begin your journey by reaching out to Canterbury Auctions for a professional appraisal of your items. Once you've decided to proceed, we'll provide you with our Consignment Agreement. This document outlines the terms of our partnership and protects both parties' interests. Simply review, sign, and return it to kickstart the auction process.
Step 2: On-Site Preparation
Our expert team will catalogue and photograph each item. We'll organize your assets into strategic lots designed to maximize buyer interest and potential returns. As we work, our cutting-edge mobile platform allows for real-time listing creation, giving you and potential buyers an early preview of the upcoming auction.
Step 3: Listing Enhancement
Back at our headquarters, our specialists refine each listing to showcase your items in the best light. We'll add detailed specifications, relevant background information, and links to manufacturer resources. This comprehensive approach builds buyer confidence and often leads to higher bids.
Step 4: Auction Management
Once your auction goes live, Canterbury Auctions takes care of every detail. We promptly address buyer inquiries, coordinate viewings, and handle all aspects of the sales process. Our team ensures a smooth, secure, and compliant auction experience from start to finish.
Step 5: Viewing Opportunities
For select auctions, we may recommend hosting viewing days. These events allow serious buyers to inspect items in person, reducing uncertainty and potentially driving up bids. We'll work with you to determine if this approach is beneficial for your particular auction.
Step 6: Seamless Asset Handover
Post-auction, we manage all aspects of payment collection and item distribution. Our sophisticated appointment system for buyer pickups ensures orderly and efficient transfers while adhering to all necessary safety protocols.
Step 7: Transparent Reporting and Prompt Payment
Once payments are received from buyers, we promptly transfer the funds to your account via direct deposit. Detailed invoices and remittance advice are provided electronically for your records.
At Canterbury Auctions, we're committed to making your selling experience as smooth and profitable as possible. Our proven process combines industry expertise with cutting-edge technology to achieve outstanding results for our consignors.
Selling at an Auction
- Remember that auctions are places where people go to get bargains so you may want to put a Reserve Price on the goods you are wanting to sell. This means that the goods cannot be sold for less.
If goods do not "reach reserve" they are "passed in". The auctioneer will advise you of the highest bid to see if you willing to sell at that price.
- If the goods are unique or special in some way you may want to get an Independent Valuation to establish a reasonable reserve price. An auctioneer may not want to sell your goods if they think that your reserve price is too high.
Talk to us about your expectations - this can save a lot of misunderstandings later. - Always read the Auctioneer's Contract before you sign it.
- The contract should set out what commission the auctioneer will take.
Commission is the price of the auctioneer's services and is often a percentage of the price that the goods sell for.