- WHAT IS A RESERVE?A reserve is the minimum price the consignor is willing to allow the property to sell for. Reserves will be allowed on
selected items only. The reserve price is set by mutual agreement between the consignor and Sunset Auction. Typically, reserve prices
shouldn't exceed the low auction estimate of the item. If a reserved item remains unsold, Sunset Auction will advise you on whether to
offer your items in future auctions or to arrange for return of your items.
- WHEN CAN I EXPECT PAYMENT?Approximately 15 days after the sale assuming that purchasers have paid for and taken delivery of
the property. Included with your checks will be a statement listing the lot(s) selling price and auction charges
- HOW MUCH IS THE CHARGE FOR SELLING AT AUCTION? Seller's fees are charged on a sliding scale(shown at the bottom of this
page on the property receipt). The more expensive an item is, the lower percentage the auction house takes. There could also be
charges for pick up, and other services such as repairs or appraisals when necessary. Fees are deducted from sales proceeds, thus no
out of pocket expense for you. Commissions can be negotiated for special situations. Our fee structure includes storage, research,
shipping, photography, advertising, cataloging and handling of your items.
- WHAT MIGHT MY ITEM SELL FOR? Some of the most expensive items in the world are typically sold at auction. Rare and unusual
items generate top dollar through the auction process of competitive bidding. More common items have a wide variety of results
depending on the desirability of the object, and auction attendance. The results for common items are likely to be lower than your
expectations. Supply and demand plays a strong role in auction prices. The vast quantities of items available on the internet (ebay,
craigslist, offerup etc) have increased the supply of most things to a saturation level causing auction prices of common items to be low.
We accept "common" items offer them for auction, but they will seldom perform well. Common items are better sold at a tag sale as
described above under the estate sale description.
- WHAT ARE SOME ITEMS NOT ACCEPTED FOR AUCTION? Here are some items that won't sell - hide-a-beds, organs, ordinary sets of
dishes, clear newer glass, most particle board furniture, mattress, entertainment cabinets, common prints, newer housewares, upright
pianos, newer books and magazines, sofas, newer lamps, post 1930's encyclopedias.......
- WHAT IS AN AUCTION ESTIMATE? An estimated range of what an item might sell for based on experience and past auction results.
This not a guarantee and should not be confused with an appraisal. Most of the time, auction estimates will be adequate for estate
liquidation purposes. However some estates require written appraisals depending on the situation.
- MAY I SEE SOME AUCTION HAMMER PRICES? Yes click here to view past auction on invaluable online bidding platform
- WHAT IS AN AUCTION LOT? A lot is an item or group of items being put on the auction block for sale as one unit. A lot may consist of
one item, a collection, a pair or an entire box or pallet full of items. Lots are assembled by experienced auction staff and are based on
the expected value of the items. In other words, Your diamond ring will be one lot and your collection of bottles will be one lot
- WHAT IS A TAG SALE? An estate sale we run for you at your property. We'll price items, advertise, and run the sale for you. This
method generates more money for you because entire household contents are tagged and offered to the public over several days.
Some sales are attend by as many as 400-1000 visitors. If your real estate is for sale, frequently your buyer comes from this event.