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1. Some auctioneers/auction sites insist that auctioneers who do charity work for free are amateurs and I should pay more for their services. Is this true?
- - All auctioneers have to start somewhere. None of them came of auction school perfect. Some auctioneers (such as myself) had or have handicapped family members and see the various difficulties. Some just love to help people. To be fair, most of the time experience is the best skill builder but not always. Is he/she in it to help people or just to make money? That is the most important question for a charity auction.
2. Why should I utilize an estate auction rather than an estate (tag) sale?
- - Estate auctions will usually bring more income. An estate sale can be spread out over two or three days or more with the price of your merchandise going down each day. An auction presents your merchandise to all buyers at the same time with the highest bidder winning (market demand). Potential buyers know they cannot wait around for lower prices if they want that watch or ring.
- - Auctions generally provide a chance for all buyers to see your property. An estate sale could see your property underpriced with the first person through the door (a friend of the estate sale team?) purchasing the item before you know it is there. Everyone has a chance to bid/buy the property with the potential of a higher price.
- - Live auctions are regulated by the Texas Department of Licensing and Regulations. Estate sales are not. Auctioneers must be licensed in Texas and have to meet certain training requirements initially and annually. An auctioneer must adhere to the law with respect to advertising, running the auction and paying you, the consignor. Anyone can set up an estate sale (not to say there are not a lot of ethical/professional estate sale companies in Texas. There are). You can get help through the state if you believe an auctioneer has acted improperly or illegally.
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