Why Sell Estate Sale Items Through Auction:

 

· Maximizes Sale Price: Competitive bidding often drives prices higher than traditional sales.

· Quick Liquidation: Auctions create urgency, helping clear out entire estates quickly.

· Wider Buyer Reach: Attracts collectors, dealers, and online bidders from broader markets.

· Transparent Process: Open bidding provides clear, fair market value for items.

· No Haggling: Eliminates back-and-forth negotiations—items sell to the highest bidder.

· Efficient for Varied Items: Ideal for selling a wide range of valuables, from antiques to everyday goods.

· Professional Handling: Auction houses manage cataloging, marketing, and logistics.

· Emotional Distance: Reduces emotional strain by letting professionals manage the sale process.

· Sales Final: Buyers commit immediately, reducing returns or complications.

· Potential for Spotlight Items: Unique or rare items may get premium attention and higher bids.

How an Online Auction Works:

 

1. Listing Items: Sellers create listings for items they want to sell. Each listing includes a description, photos, starting price, and the auction duration.

2. Bidding: Buyers place bids on items they are interested in. Each new bid must be higher than the previous one.

3. Auction Duration: Each auction runs for a set period of time. Goose Auctions extend the time if a bid is placed near the end to prevent “sniping” (last-second bids). Pro tip: watch the item until it closes.

4. Winning the Auction: At the end of the auction, the highest bid wins. The winning bidder is notified and is required to pay promptly.

5. Payment: The seller receives payment, through a secure online system.

6. Benefits of Online Auctions: Buyers can find unique or hard-to-find items, often at lower prices than retail. Sellers can reach a global audience, and the competitive bidding process can maximize the selling price.