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What the Heck Is an Estate Auction and How Do I Find One?

james roger
What the Heck Is an Estate Auction and How Do I Find One?


Estate auctions are a treasure trove of unforeseen goods just waiting to be discovered. Collectibles can be anything from first edition books, rare antiques, and handbags to toys and sports memorabilia. Online estate auctions offer the opportunity to purchase goods that you might otherwise pay a premium for in a store at a much lower cost.

What the Heck Is an Estate Auction and How Do I Find One?

If you go to estate auctions often, chances are an antique or vintage chair or two has caught your eye. If you immediately start thinking about how great the chair would look in a particular area of your home, it's likely that this furniture piece is for you.

People buy and sell property and possessions for a number of reasons. There are more than ten thousand estate/garage sale companies in the US, and an even greater number of consumers who are interested in buying people's goods. With bidsquare, eBay, Craigslist, various local and specialised auctions, estate/garage sales, and consignment and antique shops, it's not an exaggeration to say that millions of Americans are consumers at a vast marketplace or have interest in selling there.

The way an estate auction works is the same as how an ordinary auction works. To encourage attendance, the auction event is first advertised to the general public. Additionally, a preview of the estate's merchandise is made available. This can be accomplished by using an online catalogue, and the products can also be made physically accessible just before the event. The item preview is a crucial step since it can generate interest and let bidders decide which products and how much to offer to buy.

Estate sale? Tag Sale? Moving Sale? These are terms that often cause great confusion, but they actually all mean the very same thing-the liquidation of 50% or more of the contents of a single residence.

Folks often think that an estate sale implies that the personal property of a deceased, wealthy person who lived in a grand mansion is being sold off, but the reality is that anyone of any economic standard can have a tag sale.

Unlike garage or yard sales, estate sales are almost always held inside the home. Buyers line up outside the dwelling and wait their turn to scour the contents inside, so arriving early is key. In some instances there are set prices on pieces being sold and you pay what's marked on the price tag, but more commonly, the price is negotiable and up for reasonable haggling.

In the case of a dearly departed owner, the estate sale can often yield a treasure trove of objects that have been acquired and collected by that individual over their lifetime. It is not unusual to discover art, jewellery, antiques, furniture, antiques, cars, books and other goodies that can be valuable, rare or simply unusual. Stories of finding first edition copies of books, a painting by a famous artist, a 1955 Aston Martin in the garage or a fun vintage dress are not unusual when it comes to an estate sale. You simply never know what you will find!


The method used to establish prices is the first significant distinction. The group of bidders at an auction decides the price based on demand. The winning bidder will be determined by the highest bid received, subject to the family of the deceased setting a minimum price. A popular item can sell for a lot more money than you anticipated. An thing might sell poorly, which is the alternative.

In contrast, the estate selling business predetermines the item prices. With each passing day, prices are coming down. Therefore, there is no chance for a pricing war. Additionally, customers can even attempt to barter for a lesser price.

The second key difference is time frame. An auction typically takes place over a few hours, and items are auctioned off efficiently. Even the most heated bidding war over a particular item will only take a few minutes. In contrast, an estate sale may take over a few days. 

A separate process is used to determine the item prices at an estate auction. Bidders set the pricing of products rather than the sale manager setting the prices for each item. Before the auction starts, buyers can go through the products to determine how much they want to bid.

There are several benefits to choosing to sell items through an estate auction rather than an estate sale.Since everyone has the same chance to buy something, they can stake a claim on anything at the auction rather than risk missing out on something if they are not the first to show up. Customers are given a catalogue with the specifications of each item available so they may make their decisions if they are not permitted to enter early to preview products.

Antique Collecting is Exciting

Collecting antiques has been a love for many different individuals since countries started minting money. And like I said, most people think of rare ancient antiques from centuries ago whenever they think of antique collecting. But rare antique collecting also consists of collecting present day, from about 1985 and onwards, as well. There are some simply spectacular gold and silver antiques that are offered to collectors, for as little as $20, that will enable you to get going on an enjoyable and profitable hobby. 

Collecting rare antiques is a fun and profitable hobby. It can also be an expensive hobby. At least it can be when you think of rare antiques collecting the way many individuals do. And that would be in the terms of collecting ancient antiques from long ago. However there exists a much easier way to jump start your antique collecting. It allows you to get started easily and simply without a lot of money going out all at once. This fantastic system allows you to start your collection with present day collectible Mint antiques which are beautiful and affordable

The newest and perhaps one of the smallest treasures to hunt for are graded collectible coins. This tiny trinket from the past may be worth hefty sums of money due to their rarity and grade. Go out and look for these tiny pieces of stamped copper, silver and nickel; you may be surprised at what you find.

Coins are not always in perfect condition if they are worth hefty sums. The rarity is a key factor in the amount that the coin is worth. The Liberty Head Nickel may be in horrible condition, but it can warrant upwards of a million dollars due to the fact that there are only five known to be in existence. Another rare type of coin is called a mule. A coin that has mismatched stamps on either the front or the back are called mules. For example a quarter with the backing of a dime would be considered a mule.

Coin collecting is often called the hobby of kings because in the early days of coin collecting only kings were wealthy enough to be able to save coins in a collection. Most people needed to spend any coins they received for food and shelter and many people never had more than a few coins to their name at any given time.

The answer to this question, that how do you find one is bidsquare.com

james roger
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