Auctions are an exciting and dynamic way to buy and sell all sorts of intriguing items, from antiques and artwork to cars and livestock. Whether you are a seasoned bidder or a first-time seller, participating in an auction can be intimidating. It allows you to add invaluable pieces to your collection by outbidding others.
Invariably, several people are seeking details of Waddington’s auction house and similar prestigious establishments to begin buying and selling exciting items. While the process can be confusing initially, with some knowledge and preparation, you can successfully navigate the auction world and come out on top.
The following information will quickly walk you through buying and selling at auction houses, helping you become a pro in no time.
Buying at Auctions
The easiest way to buy sought-after items is by registering with a respected auction house online. It is a convenient way to bid for the items you wish to possess, allowing you to place bids until the very last minute. Following payment, you can arrange to have your purchased artefacts picked up or physically visit the auction house and pick them up yourself.
If you are attending a physical auction, find out what type of auction it is and familiarise yourself with the items up for bid. You can usually find this information online or in the auction catalogue. It can be easy to get embroiled in the excitement of the auction and overspend, so ensure you have a clear idea of how much you are willing to pay for each item. It helps to set a budget for yourself before you start bidding and stick to it.
Selling at Auctions
If you seek to sell items at an auction, the first step is to contact the auction house and inquire about their selling process. As before, some auction houses allow you to register online and submit a detailed consignment form that lists everything about your items.
Then, the experts at the auction house will value your pieces and contact you with the results, asking for more information if necessary. They will also assist you in marketing the items by featuring them in online libraries, digital newsletters, social media, emails, and more.
Remember that some places will only accept certain items, so it is essential to know what the auction house is looking for before you submit your articles. Generally, respected auction houses will accept decorative arts and design, fine jewellery, photographs, wine, spirits, contemporary artworks, etc.
Relying On a Reputable Auction House
When buying or selling at auctions, selecting a reputable, experienced, and legitimate auction house is crucial. Consider sought-after options such as Waddington’s auction house, with a long-standing history of conducting fair and transparent auctions. They have an extensive team of specialists who can accurately value items and advise buyers and sellers.
You can sign up with the auction house for updates on the latest articles, auctions, timings, and further details. This way, you can buy or sell valuable paintings, Inuit artwork, fine wine, jewellery, and other popular items without worry. Registering and bidding is a breeze with reliable sources like these, making the process more fun and safe.
Therefore, by choosing a reputable auction house, you can have peace of mind knowing that your transaction will be handled professionally and ethically at all times.