Selling furniture at Auction sale vs Selling furniture Private.
A new model for selling furniture
The traditional auction sale model is being challenged by the private sale model and we’ll swiftly explain why.
The new private form of selling not only speeds up the process, but can also guarantee you a set price for your goods ever before they leave your address. Convenience is always a factor when choosing a service that meets your needs. The private sale model goes a little further in being tailor-built to cater to specific groups :
People who need to clear space urgently
People who need to raise cash urgently
People who are moving and can’t take furniture with them
The traditional model
Now let's not water down the benefits of selling goods via traditional methods - they’ve proven to be useful to many as for hundreds of years sellers have used them to offload their goods - and that for hundreds of years. Selling goods that otherwise would have remained neglected in our store rooms is sort of a win-win. Converting the perceived intrinsic value of goods into liquid cash remains a powerful tool in the hands of any would be seller.
But there is one major issue with the auction model which can make the seller a little anxious - the uncertainty! You see - there’s no way of really knowing what price your goods will end up selling for at auction - or if indeed they’ll sell at all. The average auction seller can have a myriad of questions when approaching the process:
"What sort of room will turn up on the day?"
“What if another lot like mine is selling on the same day?”
"Eek.. what if no one’s interested when my lot comes up!?”
These factors among others will affect how well your goods do at auction & - in a game with no guarantees - the price achieved when the hammer goes down which, could leave you receiving less than you bargained for. You may also want to remember - auction fees are slapped on top of any sale as well as VAT, which can add up leaving you a sour taste in the mouth.
Selling at Auction sale vs Selling at Private
Auction:
Pays you a percentage of final sale price
No guarantee on sale price amount
Auction fees deducted from price
Valuations are conducted at auction house meaning all articles have shipped to their address - at your expense
Process can take anything from 6 - 10 weeks
All items must be sold at auction before monies are paid out
Private sale:
Free valuation (no fees)
Instant payouts
Pays 15 - 20% of current retail value of goods
Valuations conducted at home address
Immediate cash transfer option available upon collection of goods
Valuation of goods through images
Valuation of goods through documentation
Offers made within 72 hours of first contact
