Car auctions are a weird and fantastic world, and in my two decades in that scene, I've seen some pretty astonishing things. The old adage that "your decisions in life dictate your future" really rings true at an auction. This business is all about split-second decisions; that can mean buying anything from a two-year-old Ferrari to a 20-year-old Buick. Whether you've just sprung for junk or pure gold, you're stuck with it. When I tell folks, "You just bought that car and whatever just fell off it," they laugh -- unless they're hearing me say it for the 200th time.
If property belonging to or associated with the owner is any type of firearm, please be advised that the timeline for property release/retrieval will be extended. For safety and security reasons, a background check will be completed on the owner and/or the person designated as Power of Attorney. The background check will NOT be completed on the same day as the owner's/Power of Attorney's first visit to the Property Room. If any firearm has been identified among your property, please provide the Property Room with sufficient individual information about yourself and/or the individual with Power of Attorney authority to complete the background check. If the background check determines either that the owner or the Power of Attorney is prohibited by law from possessing a firearm, it will not be released. This process should generally extend the release or retrieval time by a few days.
"There are two types of public auctions," explains Steven Lang, who runs a used car dealership in the Atlanta area and once owned a dealer auction (not open to the public). "There are government auctions and there are public auctions." Both are full of potential pitfalls. Here's a quick rundown on both and 10 tips for getting the most out of either. That is, if you dare to venture into the auction pit.
MadBid is a U.K.-based auction site. Selling itself on how buyers can enjoy an 89% discount on certain listings and being the “number 1 discount auction site on the internet”, MadBid certainly pulls in the buyers, which is great for anyone selling on the site. Asides discounts of up to 89% to entice sellers, other key features of MadBid include safe payment portals, benefiting both the seller and buyer, and support through phone, live chat and email. Though seller should be aware, only brand new, sealed products can be sold on MadBid, meaning second-hand goods can’t be listed.
At online auctions, you will be required to register before you can buy or sell an item(s). Registration is required to track items you bid on or sell, keep up with the bids, determine the winning bids and build a database on seller and bidder feedback. Setting up an online email account separate from your main email account is recommended to help you track the progress of the auction and prevent spam from coming into your main account.
You must be willing to bid and lose in any kind of auction. You must also be willing to bid and win, and be prepared to pay cash or finance within the required time set by the auction company. You can apply for a pre-approved used-car loan at your bank or credit union, or at an online auto loan company such as Auto Credit Express, and be prepared in case you win a bid. Personal checks are not usually accepted, although credit cards, money orders, certified checks, and traveler’s checks are accepted.
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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.
This company doesn’t charge seller verification fees, which is a nice bonus. It’s also free to list items on the site and you get one free relisting if an item doesn’t sell the first time. This company charges a 3.5 percent final value fee, which Bonanza deducts from your sale. The minimum fee is 50 cents, no matter how small your sale and the maximum fee is $250. If you sign up for professional subscriptions you get a seller’s badge, which boosts your credibility. You also can see your traffic and give buyers coupons for your items. Bonanza’s listing feature comes with a photo editing feature called Background Burner that automatically removes the background from product photos you upload. In our research, we found this feature was slightly glitchy, but a built-in-photo editor can save you time and money as you upload your listings.
"So what do you really want to do?" Winkler asked. I told him I wanted to be an auctioneer. Then he gave me the preamble to a speech that he also gave to tons of other people in my shoes: "If you will it, it is not a dream." That's what got me to pick up the phone and begin haunting several nearby auto auctions for months on end. And it truly sucked at first. But thanks to the Fonz, I was already living my dream.
Crossville Studios of Tennessee has purchased 2 Colorado based wholesale Tile & Stone Distributors. This purchase and merger of companies has resulted in thousands of square feet of excess tile and stone inventory that must be liquidated. Public online auction will include large format porcelain tiles, natural stone tiles, decorative mosaics as well as 3cm thick slab material in man-made quartz, 3cm natural granite, marble, quartz and travertine slabs. All porcelain, ceramic and natural stone tile to be sold is first grade material.