Some sellers agree to use an escrow service. For a fee, generally 5 percent of the cost of the item paid by the buyer, an escrow service accepts payment from the buyer via check, money order or credit card. The service releases the money to the seller only after the buyer receives and approves the merchandise. It helps protect buyers from ending up empty-handed after paying their money. Using an escrow service can delay the deal. As with any business transaction, investigate the escrow service's reputation before signing on to the service.
When using an online auction directory service, don’t expect a full list of specific vehicles, descriptions, and prices for each auction because this information changes daily— although some services provide more detail than others. Some directory services have outdated information so be sure to ask for your money back if you don’t like the service or its product.
Shpock is a “boot sale” app and is the abbreviation of ‘SHop in your POCKet’. The platform was launched by two Austrian entrepreneurs. It encourages sellers to list unwanted but ‘beautiful things’ to buyers in their local area. Shpock is easy to users, sellers simply have to upload photos of an item with a description, then watch the bids roll in. Items can either be collected in person or shipped.
LiveAuctioneers is a leading live auction marketplace, which connects sellers of fine art, antiques and collectibles with buyers. Thousands of live auctions are broadcast on the site each year on behalf of galleries, sellers, dealers, and auction houses. Sellers can take advantage of a live format auction, which helps deliver immediate results. The site also includes LiveAuctioneers’ tools and features, where users can track and analyse their performance.
We were in the process of downsizing when a friend attended a program by Mr. Will Farmer on appraising, auctions and today’s styles and trends. She relayed that our mid-century modern furniture was back in vogue. We were familiar with the Farmer name from Antiques Roadshow, but knew little about the auction business. We showed Will Farmer, now owner of the business, photographs of our furniture and he was interested. He came to our home, looked at the furniture, described the auction process and carefully reviewed the contract we would sign. From start to finish the entire process was very professional. The Salem, Virginia gallery is spacious and well organized with plenty of parking. The entire staff is very friendly and courteous. The movers were very nice and careful. We were kept informed at every step. We were given a possible range of prices each item might bring, but no promises were made. Auction day was fascinating and fun. Some items brought more than expected and some less. In the end it was a wonderful experience and one we would not hesitate to do again.