Why Sell at Auction?
Consider that some of the highest prices ever paid for museum quality art, antiques, gemstones, vintage automobiles, thoroughbred racehorses, musical instruments, real estate, and sports memorabilia (to name a few) were recorded at auctions. It's no accident that so many world class collectors, private estates, trusts, and commercial enterprises regularly utilize auctions to market their assets. They realize that auctions offer the best opportunity to promote their property to a large number of motivated buyers in a relatively short span of time. For assets that otherwise might languish in storage for months or even years waiting for the right private buyer to come along and make an acceptable offer, auctions offer sellers the benefit of knowing when their property will sell; and that prices realized will be the fair market value determined by high bid. Contrary to popular belief, auctions are not just for the rich, or trade centers of last resort. Auctions can be an effective primary marketing tool for anyone considering the sale of a valuable asset. At auction there is no limit to the number of buyers who may be present to bid, all property sells on a given date, and prices realized can go far beyond the owner's expectation. Before you decide to sell your assets by private sale consider the benefits of auction:- Advertising is extensive and visible to a wide audience of interested buyers- The expense and time of marketing property is reduced- The seller removes all negotiations, except price- Competitive bidding assures realization of fair market value- Prices realized can go beyond seller's expectations- All extended costs of ownership are avoided (i.e. taxes & insurance)- Buyers are forced to act on seller's time schedule- Revenues from sale can be used for other interests, or investments- All aspects of the sale are handled by professional agents- Pre-sale estimates of value can assist in determining high-bid potential- Newsworthy property can generate valuable media exposure for sellerManor & Street Auction Specialists
are always accepting consignments of all kinds for upcoming sales. If you have a property consignment that you would like Manor & Street to consider for representation at auction, please call one of our specialists at 888/825.5092 to arrange for an examination of your property, and a preliminary verbal auction estimate.
