Buying at auction house Vancouver is one of the most exciting and effective ways to purchase something you love at its fair market value. But it can also be intimidating. Auction houses are experts in the field, and they serve as referees between buyers and sellers.
They provide professional valuations (in person or online) for items to be sold, and they help prepare and sell your property at auction. They will also explain their conditions of sale, commission structure, other applicable fees including insurance and minimum values, and’reserves’ (the confidential price below which they will not sell your item). They may arrange for the transportation of your property to and from the auction site. They will usually have a public exhibition preview of the items for a few days before the auction, and some will offer in-person inspections before the auction.
Discover What Makes Vancouver’s Auction Houses Unique
If you are unable to attend the auction, most auction houses will allow telephone or absentee bidding. With phone or absentee bidding, you tell the auction house what maximum price you are willing to pay for an item (as well as a minimum bid), and they will execute your bid on your behalf on auction day starting at their lowest possible bid, increasing only if other bidders outbid you.…