Auction Sales

 
What is an Auction ?
There are several types of auctions.
1) Silent Auctions – Competitive bidding takes place wherein a bid is submitted for
an item on paper. The bid can be raised each time in that manner until the pre-announced bid closing.
2) Live Auctions – One of the oldest arts known to mankind. A Bid Caller, Auctioneer, actively calls for bids. When item is declared – SOLD – it goes to the highest bidder.
Live Auctions have been proven to be the most effective way to get the market value on
that hour, that day the item is sold. Competitive Bidding is the purest form of Price Discovery.
From a personal standpoint, I love to sell and I love working with the people.
Successful Auctions are attributed to several factors :
* Organizing and setting an auction up is critical. Items need to be displayed so that they
can be viewed before the auction. A pre-auction open house is a normal event.
* The Auctioneer possesses knowledge of property or merchandise being sold.
* The Auctioneers rhythmical chant, while important, is secondary to ones
salesmanship abilities. At most sales, I will, on average, sell an item every 45 seconds.
It’s a fast pace that the people like and they respond in like manner. I have had sales
that were 16 hours in duration. Once I start, I don’t step off the auction block until the last
item is sold as I don’t want to loose the momentum I have built. The secret is keeping
the people enthused, so I will allow my voice to modulate, higher & lower, faster &
slower. Or I’ll pick some one in the crowd to banter with to lighten things up a bit.
People like to be recognized, so name recall is important.
* Advertising is essential.

B&B Auction Sales & Service, Est. 1968
Types of sales : Antique, Western Art, Estates, Livestock, Farm & Ranch and
Real Estate. We have doe many Charity Auctions, as well.
We are a full service business that includes organizing, setup, advertising, conducting
and clerking the auction.
Within 10 days after sale, consignor is issued a check less commission charged.
Commission is based on services required, type of property being sold and sales gross.

Estate Sales
What is an Estate Sale?
Estate Sales are conducted to settle the estate of a deceased. Estates consist of a variety of
property to include business holdings and real estate, personal property and real estate.
Often times estates include collections of a type or antiquities, that are worth a lot of money.
Why have an Estate Sale?
The primary reason is to settle an estate. Most often, the family is going thru difficult
times because of the loss of a loved one. The estate has to be settled however the family
doesn’t know where to begin so they will call me for advice. Usually they will ask my
staff and I to handle everything from sorting, organizing, setup and conducting the
auction. It’s a timely process if its done right and to maximize the gross. I have had estate sales that took six weeks to organize.
The benefit to the family is that we do everything and when the sale is over they get a check. The event is absolute, everything is gone and they can move on with their lives.
If there are multiple family members, the proceeds are easier to divide up than property.
What are the Terms?
B&B Auction Sales and Service, upon viewing property to be sold and establishing services to be rendered, will quote a commission rate.
There are many options to be considered, however 99% of the time a client will
authorize B&B to handle all details.
There are occasions where I will offer to conduct a sale for a flat fee. I do this with some
Art Sales where I travel long distances or a client prefers to pay a flat fee. 

Antique Sales 
Antique Sales are one of my favorites. I’m an antique buff and after years in the business
I have gained a wealth of knowledge.
I like to work with antique buyers as they usually know what they want and what they want to pay. They will travel great distances if a particular item catches their eye or they can call in to bid or leave a bid.