Consigning Property For Auction: Part 3 – The Auction Schedule

April 25, 2012||inPersonal Insurance|Skinner, antiques, auction, fine art, guest blogger, homeowners insurance, personal insurance

Karen Keane

Guest blog post by Karen Keane, CEO, Skinner, Inc.


Murphy Insurance is pleased to join Skinner Inc. as co-presenting sponsor of The Wayside Inn Antiques Show. In the lead-up to the show May 11-13, 2012, we’re pleased to have Karen Keane provide our readers with insights on the process of consigning property for auction.

Consigning Property For Auction: Part 3 Skinner
Click here to submit an inquiry to Murphy Insurance or call us at 800 222 8711

The Auction Schedule

When should you contact an auction house to arrange to sell your property? You don’t have to wait until an upcoming auction is announced. Auction schedules for most major houses are planned six months to nearly a year in advance, so scheduling your property to sell in an upcoming auction is rarely a problem.

Find Auction Schedules Online

Specialty houses dedicate sales to specific collecting categories such as Fine Jewelry, American Paintings, Asian Art, Rare Books, or Fine Musical Instruments, and these specialty sales are held consistently year in and year out. Most houses will list an upcoming auction schedule on their websites along with consignment deadlines for each auction.

Specialty Auctions Drive The Business

The wait for a specialty auction dedicated to your particular kind of property might be a few months, but it is worth it since these category-specific auctions typically draw more serious collectors and net higher prices than auctions where a potpourri of offerings are on the block. This fact can’t be overstated, because even in this day of 24/7 online auctions, the auction world remains a specialty-event driven industry. Major collectors know that live auction events, where bidders gather en masse on an auction room floor, still drive the bulk of this business.

Consign Early: Reap The Rewards

Whatever the schedule on the buying side, smart sellers know that it is always a great time to consign, even if you’ve just missed a consignment deadline for an important auction, because there is always another auction scheduled soon after. In fact, one secret to auction success is consigning your property early.

Consigning well in advance of an auction date gives the auction house the necessary time it takes to research, catalog, photograph, advertise, market, and promote your pieces to buyers, often resulting in higher prices for your property. Be wary of a house that offers to turn around your property immediately, as that may not be to your benefit come sale day.

Be sure to watch for Part 4 of Karen Keane’s blog on…Auction Fees.

Read Other Blog Posts

Stairs

How to Prevent Falls at Home

Falls are one of the most common and dangerous accidents that occur at home and on the job—especially on staircases. In order to determine whether there are fall hazards within your home, be sure to ask yourself these key questions.
Read more
Outdoor Maintenance: Protecting Your Home and Enhancing Your Curb Appeal

Outdoor Maintenance | Protecting Your Home and Enhancing Your Curb Appeal

Regular outdoor maintenance not only enhances your home's curb appeal but also prevents costly damage and potential insurance issues. Key tasks include cleaning gutters, inspecting the roof, maintaining landscaping, power washing exteriors, and ensuring outdoor structures like fences and decks are in good condition. Staying proactive with seasonal upkeep helps protect your home, reduce long-term repair costs, and maintain insurance coverage eligibility.
Read more
Hot Tub Safety 101 | Protect Your Home, Guests, and Peace of Mind

Hot Tub Safety 101 | Protect Your Home, Guests, and Peace of Mind

Hot tubs offer relaxation but come with safety and liability risks, including potential injuries, health concerns, and insurance coverage gaps. Key precautions include supervising children, maintaining proper water chemistry, setting safe temperature limits, and enforcing responsible usage to prevent accidents. Homeowners should review their insurance policies and consider additional coverage, such as a personal umbrella policy, to ensure financial protection while enjoying their hot tub safely.
Read more
Car keys

Avoiding Problems When Buying Used Vehicles

While buying a used vehicle will save you money in purchase price and help you avoid depreciation costs, it is important to do your research before you purchase one. To avoid buying a car with hidden problems, consider these purchase precautions.
Read more
Contractor

Avoiding Contractor Fraud

It’s important to stay informed when dealing with contractors to reduce the risk of contractor fraud. Use these tips to avoid contractor fraud concerns.
Read more
Car tire side-view

Common Auto Insurance Terms

Auto insurance can be confusing at times. Policies often contain a variety of terms that can be difficult to understand, especially for someone without a background in insurance. The following is a list of common auto insurance terms to keep in mind the next time you meet with your insurance broker.
Read more
What is Your Jewelry Worth? When Should You Update Appraisals?

What is Your Jewelry Worth? When Should You Update Appraisals?

Valentine’s Day approaches, often marked by the exchange of jewelry as a symbol of love. While insuring every piece may not be practical, it's advisable to consider insurance for expensive items, particularly those worn frequently.
Read more
Car on road

Gap Insurance

Car owners often assume that if their car is totaled, it will be replaced at the amount they paid, or at least the amount they owe. However, that’s not always the case — learn why and what you can do to protect yourself.
Read more
Car outside of garage

Vehicle Storage Tips During Winter

As winter approaches, it’s time to think about safely storing your recreational vehicle to avoid damage from the harsh weather and roads. Utilize the following guidance to properly prepare and store your vehicle this winter.
Read more

Visit Our Homeowners Insurance Page

Homeowners Insurance

At Murphy Insurance, we take great care in assessing your options for homeowners insurance to ensure that you receive the most favorable value. Our dedication to serving you entails collaborating with highly-rated insurance providers and conducting comprehensive assessments of available choices. Our goal is to achieve the ideal equilibrium between affordability and coverage that suits your unique needs. Please let us provide you with a customized homeowners insurance quote.