Auction Bible
No Comments 13 Views

The Antique Auction

what-you-need-to-know-about-mortgages

People all over the world collect antiques. There is just something special about possessing something from a prior age. The antique owner has a soft, gentle reminder of days gone by. And it does not hurt that the item has a “story” behind it.

Auctions provide an ideal setting for selling antiques. Auction buyers are always on the lookout for unusual items. And the sellers can feel a reasonable assurance that their antiques will bring true market prices.

In general, to be identified as an antique, an item must be old enough to be both rare and collectible. A good rule of thumb is that furniture should be at least 100 years old. Automobiles and power tools may sometimes be considered antiques if they are over 25 years old. It is all a matter of judgment. A five year old personal computer would be described as an “antique” by some people, but it is probably neither rare nor collectible. So, a seasoned auctioneer would not expect such a computer to fetch much of a price at an antique auction. In fact, it would be out of place.

The experienced auctioneer always enlists the help of a recognized appraiser when selling antiques. He will never identify a piece as an antique unless I have had its authenticity verified by a professional in the field of antiques. Any ethical auctioneer will want to protect his buyers (and his own reputation) by consulting a specialist.

Generally speaking, any piece of furniture or other decorative object can be called an antique if it was produced in a prior anthropological period and is valuable because of its beauty or rarity.

There are numerous advantages to selling antiques at a live public auction. The reputable auctioneer will advertise the auction widely. And he will make sure of the authenticity of any pieces he identifies as antiques. The promotional efforts of the auctioneer, both before and during the auction, should result in the seller receiving a fair market price.

Both auction buyers and auction sellers must do their homework before the auction begins. Knowledge is paramount in the auction business. The goal is fairness to all participants. Before selecting an auctioneer to sell antiques, sellers should attend an auction or two conducted by each of the auctioneers being considered. It will be very apparent if an auctioneer has a talent for getting a good price for antiques.

To learn more about antique auctions, contact Brandon Hooper, Texas Auctioneer License #17019, at Hooper Family Auction Group, http://www.hooperauctions.com

 

Article Source: http://EzineArticles.com/expert/Brandon_L_Hooper/1498401

Tagged with: ,

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *

RELATED ARTICLES
Get In Touch

URL: http://auctionbible.com

Email: admin@auctionbible.com

NEWSLETTER

Back to Top