A very well respected estate sale company had received a negative online review because the buyer arrived at the house a little before the advertised starting time and missed out on a few items. Our critique is not at all about the merits of the complaint, it is in the very honest and open response that was presented by the estate sale company. It’s not our intention to call out any one company in particular, especially as they didn’t do anything wrong, they were simply acting is everyone’s best interest, so we have edited some of the details and changed the script slightly….
“We are sorry to learn about your unsatisfactory experience. I presume you are referring to our (recent sale). This sale had been scheduled to begin at 9:30. Due to the overwhelming response, we made a decision to open the doors 30 minutes early. By 9:00 we had more than 400 people waiting. Due to township safety regulations & limited parking, we opted to open the doors 30 minutes early. As I'm sure, this was unfortunate for the people who did not arrive ahead of our scheduled start time and we are sorry that you missed out on a few of your items. When attending estate sales, we always encourage people to arrive early. We had customers beginning to line up at 9:00 PM the previous night.”
It sounds as though this must have been a great sale and they probably sold a lot of items for their clients. My concerns are that they had FOUR HUNDRED people lined up outside all at one time and that they are well aware that some random people may show up and camp outside of the house for an entire night prior to the sale…
2 specific (of the many) benefits of an online auction are highlighted here:
1) A very typical and completely ordinary sale that we put on will be viewed by between 2,500 and 3,000 people. That is a very large and respectable number of people being presented to what is being offered.
2) However, because the bidding is done remotely via the computer, a very good sale of ours might have between 100 to 200 different bidders coming to collect their items. Even though this is still a pretty impressive number, that is spread out over the course of several hours, in lieu of everyone coming all at once and standing in line outside of your door. This key element is what keeps our sales as organized as possible.
So, in summation. We will will get More Exposure with Fewer People coming into the house, and nobody sleeping on your sidewalk...
If you have a PA Sales Tax Exemption Number and are purchasing items to be resold, Click on the "Download File" (it is a ..pdf file) above, print it, fill it out and bring it with you to the pick up. We will then amend your invoice upon check out.
If you are actively involved in buying items and then reselling them for a profit, you may want to consider filing for a PA sales tax number, this will allow you to purchase items from our auctions and not have to pay, the otherwise mandatory, 6% sales tax.
This link may get you headed in the right direction for applying for a number with the state.
Parking is often at a premium, you will want to be able to pick and choose your parking spots, this will make loading easier. Also, it is not at all uncommon for neighbors at an estate auction to call in the police for people parking on the edge of their lawns. You don't want to be one of these people.
Arriving early also allows you the ability to really take a good look at the items before you bid. We in the auction industry, usually call this a “preview”. If you arrive just before the start of the auction, you will be competing against a much larger crowd for access to inspect key items. This extra time also provides you with some extra time to pull out your smart phone and do some all-important research before bidding.
Get a Bidder Number.
At every auction I have attended, a bidder number was required to bid. Usually, there is a dedicated group of cashiers with whom you check in with first. You don't want to miss your item, because the auctioneer did not accept your bid because you had failed to obtain a bidder's number. This is another reason to arrive early, it stinks waiting in a long line just to get registered, you may even miss the first few items of the auction.
Know the Terms.
Auctioneer's generally post their terms in print ahead of the sale in their advertisements. But, just about any time you read the small print, you will see a clause similar to “Announcements made by Auctioneer just prior to the sale trump any other declarations and will take precedence.” These announcements usually take place just a minute or two before the first item sells. Things may have changed from the time the ads were placed and the sale day, do not make assumptions.
This is extremely important on big-ticket items like real-estate. Often, all sorts of stipulations can be attached and it's necessary for you to know what's going on, exactly.
Don't be Shy!
Auctions are often, chaotic, noisy and crowded. It's quite easy for novice bidders to get confused at what item is actually being sold and how much the current bid is up to. The auctioneer wants to keep the pace of the auction going at a clip, but even more important to them is NOT MISSING YOUR BID. Don't be shy to waive your hands, ask for a pause, and seek clear confirmation on what's going on. The auctioneer will always prefer you to briefly halt the auction and seek clarity before the hammer is dropped, as opposed to having to deal with an awkward situation after the fact.
Wait A Little to Bid.
You don't want to raise your hand to bid as soon as an item as soon as it is presented.
Auctioneers often follow this pattern on when auctioning an item. They start the bidding high, sometimes unrealistically high on an item. Then they gradually reduce the opening bid in increments until someone raises their hand or paddle to bid.
Something like this for an item that may end up selling for $50.00...
Do I hear $100, Do I hear $100 for this xxx?
I need $100, who will give me $100?
Okay, how about $75, do I hear $75?
$50, I need $50.
This will continue down until somebody raises their hand. Even if your willing to pay the $50, wait until the price drops down to a relatively low number before jumping in. If it were me, I'd probably raise my hand at $20 or so.
Advanced Tip: Don't let the opening bid drop to an embarrassingly low amount. The auctioneer may be inclined to just yell out “PASS” and continue on to the next item. It is their job to get the most money for their clients and instead of selling an item for a ridiculously low amount, they may elect to rather not sell that item altogether. This is definitely a means of gaining the attention of the crowd. This generally happens more at the start and near the of the auction.
Lastly, Come Prepared.
If you have a truck or trailer available, bring it! Even if your not planning on making any larger purchases, you just never know and will kick yourself later. Also, don't forget boxes, blankets, and perhaps most importantly for outdoor estate auctions... a comfortable chair!
We hope you have fun at your next auction!
An absentee bid is a way for you to bid at an auction when you otherwise couldn't be there.
Generally, you fill out a form that denotes which items your interested in and how much your willing to bid and hand that to the auctioneer.
When the lot comes up, the auctioneer will announce that he has an absentee bid on this item and then usually exhausts all the bids from people actually in attendance, if your absentee bid is still viable, the auctioneer will then start to bid himself, on your behalf, against whoever has the high bid standing in the room. If your bid ends up being higher than what the person in attendance is willing to pay then you win that item, if it's not, well then you lost that one.
It's pretty common that the auctioneer will receive multiple absentee bids if the item is particularly rare or unusual. When that happens, the auctioneer will usually automatically compute who the winner between his absentee bidders is and then will solicit the live audience for any additional bids.
Because all of our actions are held online, basically, all of our bids are actually absentee bids. You don't have to be actively engaged when the auction is actually closing. Just enter the highest amount your will to pay, then the software will automatically bid for you whenever someone else makes a bid.
Advanced Tip: Be very cognizant of the bidding increments. Because the bidding increments jump up at specific dollar amounts, sometimes you can use that to your advantage by bidding right up to just below the next increment jump. Here's an example: Let's say that in a given auction, the increments are only $1 up to a bid of $50, where the increments then jump up to $5.00. If you set your max bid at $49, the next bidder would only need to bid $50.00 to win the auction. But if you had set your max bid at $50.00, then they would need to pony up $55.00, which they may not be willing to do.
Good luck and see you at the next auction Bid On Estates auction!
"A rose by any other name would smell as sweet" may in deed be fact. However, would a rose by any other name still sell for the same amount. Perhaps not.
A general rule of thumb is that antiques are items that are 100 years old or older and vintage usually comes into play once an item is at least 20 or 25 years old. Although, there are no concrete rules in place, it's mostly a matter of what feels right to you.
We all know that when we are selling online, so often, it really is just a numbers game. Meaning, more exposure almost always directly translates into higher sales. Hands down, "vintage" gets searched significantly more as a keyword on Google (and I can only assume on most other sites too) over "antique".
Tracked from 2004 until 2015, the average search trend for "vintage" items over "antique" items is 8 to 1. That's huge! So, on average one person is searching for an antique table, and 8 others are searching for their next vintage table.
An anecdotal testament to this was reaffirmed by a story I heard a few years ago (unfortunately, I can not remember the source, it was either on a radio show or a podcast).
I college aged young lady was working as an intern for a larger auction company. She saw a table that she liked was coming up for auction in a few weeks and she wanted to solicit her friends' opinion on it. Instead of just sending out one query, she effectively did an A/B test, where half the friends received a link with the title "What are your thoughts on this vintage table?" The other, "What are your thoughts on this antique table?" Same table, same picture....
The overwhelming results were that the vintage table was a winner, but she should pass on the antique table.
Something tells me that the next time you list an item from the 1920's, you may (and probably, should) overrule your instinct to call it an antique, and instead, call it VINTAGE!
written by John Brown, owner of Bid On Estates Auction Company.
We were just recently privileged enough to be asked to represent a family liquidating their estate.
The home is in the prestigious Windy Ghoul section of Beaver, PA.
A fine assortment of clean, well maintained furniture: both modern and antique.
Jewelry: Costume and Gold and Sterling.
Large Coin Collection, some very nice silver dollars.
Interesting collectibles: dolls, figurines, pocket watches (Elgin and Waltham), good pocket knives.
Plus just a plethora of interesting and useful household items.
Auction should be live to bid on very shortly. Check back for details! Thanks!
We generally do not ship via postal services. Perhaps we can make an exception on a case by case basis, but talk to us first before bidding.
All invoices that do require shipping will have their credit card on file charged immediately following the auction.
All items are sold AS-IS, this is the rule that our local bidders adhere to and is applicable across the board. We strive to present items as we see them in a fair and true manner, but absolutely no guarantees that our descriptions are authoritative nor that they are complete depictions of the item's condition is to be assumed.
Please ask any all questions ahead of the auction.
We strive to be as accommodating as possible, if you have interest in a larger item that you can not pick up from us during the advertised pick up hours, we may be able to take the item back to our warehouse where we do have a standing agreement with a professional independent shipper to pick up items from us about once a month Contact Norm at (484) 202-0805 or Email – email@example.com This is his general area of service:
It's kind of hard to believe that two of theaters mentioned in this article were located on the same so very quiet (almost desolate) one block street as our building...
Text and Photograph were taken from the original story original story printed by the Beaver County Times, written by Jeffrey Snedden, on Tuesday, March 31, 2015.
The “hub” of Beaver County, Rochester had the Majestic Theatre on Brighton Avenue, which packed in kids on Saturdays for their cowboy movies. The Oriental on Hinds Street opened in 1931. It was a magnificently ostentatious theater with decor from the Far East and seated 1,280 patrons in luxurious fashion. The owners of the Oriental also ran the Family Theatre at 157 Hinds St., which hosted the “B” movies that needed to be purchased along with the first-run pictures for the Oriental. This was a common practice for theater owners who were forced to buy “package” deals from studios.
In the auction world, Absolute means that all of the items offered for sale are going to get sold regardless of how much they get bid up to.
Plainly said, absolute auctions are far and away the most fun type of auction you can be a part of, the chance for scoring a great deal is greatly augmented when you know that everything needs to be sold, it just heightens the overall experience.
Although, sometimes it is the Auctioneers responsibility to institute the use of Reserves.
Reserves are a method of protecting the consignor's liability regarding the selling price of their assets. If used, the reserve price is agreed upon between the consignor and the auctioneer ahead of the event. Reserves are especially important if there is a mismatch between the types of items regularly sold at a specific auction house and this particular item. A genuine Picasso is most likely going to get dramatically undersold at a local farm auction, conversely, your $20,000 John Deere tractor is not going to do too well down on 5th Ave. This is definitely an acceptable time for the Auctioneer to implement a reserve price, quite frankly, it should be their obligation.
Reserves may also be used when the buyer has a specific value in mind, but it is questionable if the market is willing to match that expectation.
At least here in PA (Pittsburgh area), all auctions should be expected to have reserves (whether explicitly stated or not) unless they are specifically advertised as "Absolute". If the term "Absolute" is found in any advertising, there should not be any reserves in place.
Reserves may be encountered in several different forms per the discretion of the auctioneer. Sometimes the auctioneer may announce that some items have reserves in place, they may let the audience bid freely and then announce to the crowd that the "reserve has been met", or if bidding does not go high enough, they may say something like "item is passed".
At our auction company, Bid On Estates, we rarely implement any reserves, we just don't like them. Although, from time to time, we may find them necessary to use. In these rare cases, instead of a hidden reserve, we will just clearly state that the opening bid is "x" amount. We believe this is the easiest and most transparent method to handling these special scenarios.
We strongly believe in the power of the free market. Our approach to conducting auctions relies upon the broad reach of the internet for all of our bids, so we are not limited to receive bids solely from the people that happen to be in the room on that particular day.
Feel free to comment, would love to hear your thoughts.