Tuesday, April 19, 2011

How to find great live auctions for resale products


Hi my name is Walt. I Auctioneer with 25 years of experience in business and is licensed in the State auction. I own a fast service auction company that specializes in building and running custom auctions, I as webmaster of my own site and on eBay for 8 years. In addition to eBay auctions, I run types most often are antiques and estate auctions, even though I run all of the business of charity auctions and auctions special event.

I enjoy sharing my knowledge and stories about the auction business. My article is to help people get the most from their experiences.

Your fresh from a batch or an experienced dealer I think I can offer something in this article to help you with your auciton adventures.

May be as many reasons to visit auctions as there are types of auctions for participation. Maybe you want to attend an auction to buy goods for resale on eBay, or some other market. Maybe you want to provide your home with beautiful antiques, or you want to submit your home inexpensively, without compromising the quality of some people are just looking for a fun night out. With a little perseverance you all these things.

There are Antiques and live real estate auctions, auto auctions, auctions, absolute and does not reserve auctions, real estate auctions, specialty auctions that sells only one genre elements, tailgate auctions, auctions, online auctions, auction, silent auction closed auctions, charity and fundraising auctions and many more.

Indeed, you can buy for pennies on the dollar at auction? You bet! It is recommended that many times I've seen people buy and sell at the same auction that night at a good profit, though, this should be done only after the auction.

There are many ways to find an auction, but here are some tips on how to find and engage the best of them.

Visit the shops in the genre of the type of auction you want to visit. IE: If your looking for a good antique auction, stopping in local Antiques stores and ask for what is, for good auctions in the area. Sounds obvious right? But listening to what they say and what they say. Often when dealer says bad about the auction, he or she is present, it is likely that they are trying to keep secret a good thing. Think for a moment, why keep lousy auction dealer visit?

Newspaper ads: I personally would find ads in the Classifieds section, rather than showy display ads. Flashy ads, typically indicates an auction that will be high prices may have reserves (set the price of an item), and normally large crowds. Although any auction may be advantageous to participate, it's usually best avoided from glitzy ones, at least for beginners.

Here is a minimum, you want to know before you go. If you have a phone number in the ad, call and ask for conditions of sale. What forms of payment they accept? This absolute auction? Absolute auction, which is not a minimum or reserve for goods. This is the best auctions visit! There are buyers premium? Premium buyers tax that anyone who makes a purchase at the auction must pay higher winning bid price. Most auctions these days to charge buyers premium, 10% was not unreasonable, but I feel a lot more than greedy, and calculates the auctioneer that counts more than 10% for most bidders do not make additional mathematics as to speed up the pace.

Fair auction will have sufficient time to vet the products, usually at least 2 or 3 hours. Find out when begins inspection to ensure that your participation! Never attended the auction, if you can't make inspection, unless your willing to play. Most appraisers to sell approximately 100 units per hour, that's why they sell "as is". They just don't have time to give a detailed description of all elements. Since almost all items at the auction are sold as is, there is sure to be some damaged, incomplete, altered and renovated objects on any given auction. Beware of any auctions that offer little or no checking.

Generally good auctions will be a lot of 150-400. A lot can be a single item or group of items. Exceptions to this are specialty auctions, auto auctions, real estate auctions, etc.

When you attend your first sale, take note of 1/2 dozen or so dealers who frequently buy. See if you can find out about other auctions area they visit.

When you find the perfect auction, visit as often as possible. Visit good sales, helps to increase the bottom line of this business. It is hard for many appraisers keep quality goods serial, so a good attendance certainly helps. And when the Auctioneer know you as a buyer, it would go out of the way for you to keep you coming back.

Participate in the auction this week, the market is one of the only places where you can set the price.

Thank you for reading and enjoy it.







Game theory, Nobel & auctions-auction Primer series-part 1


William Vickrey, highly regarded as the founder of auction theory, was Professor of Economics at Columbia University, where he published two papers in which his views on auctions:

"Counterspeculation, auctions and competitive sealed tenders, 1961, Journal of finance

«Games» auctions and tenders, 1962, recent advances in game theory

In 1996 he received the Nobel Prize "for his fundamental contributions to the economic theory of incentives under asymmetric information." It is important to understand that asymmetric information is an important component of auctions, where potential buyers have different levels of knowledge about the value of the item.

Although Vickrey auction's work as "one of my overzealous abstract economy is at best marginal value in terms of human well-being, for those of us who work with online auctions, most of what he described is helpful for understanding our market.

VICKREY auctions are 4 common types:

English

Dutch

First price sealed bid

Second-price sealed bid

English auction

The most common type of auction is an English auction, although it can be also known as ascending price auction. In ascending price auction each subsequent bid higher than the previous one. This is the most popular type of auction for individual items.

Although traditional ascending price auction format is "soft-close" where bidding continues until the final proposal placed most of today's online auctions as "hard close"-also known as "interval time" auction, time-bound, regardless of the current tender. It is important to note that a "soft close», a pair of scissors that trades over the last few seconds or minutes to the item repaired once the auction is still open as long as there are applications.

In an effort to minimize the shear rate and provide more of a "soft close" their "hard close" auctions eBay allows bidding for use "proxy bidding". The proxy bidding auctions is the highest price they are willing to pay for an item when they first bid. The application starts at the lowest possible level and increases automatically only beaten their original low price. For more information on the proxy bid feature "on eBay here.

http://pages.eBay.com/help/Buy/proxy-Bidding.HTML

Amazon.com currently offers an opportunity for their auctions, entitled "Going, Going, Gone". Going, going, Gone "function extends the auction for 10 minutes, if the rate effectively creating" soft close. For more information about "Going, Going, Gone" feature on Amazon go here. http://www.Amazon.com/exec/obidos/TG/Browse/-/1161360/103-1666189-8415007# Going-Gone

In terms of customers ' hard close "is preferable because they may be able to make a definitive proposal before others can react, maybe win the auction at a lower cost.

For sellers "soft close» format provides an opportunity to realize the maximum price for a time by removing restrictions on auction. As long as bidders of auction is still open.

Dutch auction

As you may have guessed, the concept of a Dutch auction has its origins in the Netherlands. Unlike English auctions using methods of increasing prices Dutch auction descending price auction and are often used when multiple auction the same elements. The Dutch auction bidding begins with a relatively high price that gradually down is determined by the application.

Dutch auction as an example let us say you have 10 items you wish to sell for $ 20 each.

Partner_A bets $ 18 for 6 elements

Participant b bets $ 17 for 5 elements

The final result is:

A participant will receive $ 6 to 17

Party b will receive $ 4 paras 17

Please note that most Dutch auctions allow parties to renounce the order on fewer items than what they are betting on. "Soft" or "hard close" format can be used with Dutch auctions, though the most common "it is difficult to close.

First price sealed bid auctions

Sealed bid auctions are different from English and Dutch in both applications are not announced to the other bidders. Individual rate is only know for attendee and vendor. This type of auction can be either a buyer bid, where the highest bidder wins the item and pays in the amount of their bid, bid, or where the seller sells the item cheaper price and is paid the amount bid. This type of auction is common to construction contracting, military procurement, foreign exchanges and other types of cargo.

Second price auctions closed trades

Another common name for the second price sealed bid auctions, Vickrey auctions (named after William Vickrey) there are small differences at the first price auction for Vickery auction. The buyer bid in the auction the highest bidder buys an item and pays the second highest bid amount. Or the seller bidding auction, low price and is paid the amount the item sells the second lowest price.

Above descriptions provide a general overview of the most popular auction types in use today. Depending on the auction site, these general categories can include a number of options and parameters such as reserve prices, public or private places, multiple elements, items, fixed price lists and many to mention a few. Before the start of any particular type of auctions make sure you explore and understand the rules for the particular type of auction, as the rules may vary from website to website.

Copyright © Stephen Woodward-all rights reserved







What is the best length for an eBay auction?

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On eBay you run your auction for a specific duration. Currently, the options are 1, 3, 5, 7 or 10 days.

But which duration is best for your auction?

In this article, I'll give you some pointers designed to assist in answering the question.

You might wonder why you would ever wish to have less than the maximum exposure i.e. 10 days? Surely running your auction for the longest time would give bidders more opportunity, and therefore a higher sale price would result? Certainly eBay.com would appear to think so, as they currently charge a fee of $0.20 for the privilege of operating a 10 day auction.

However, if you have a very popular item or if you have many identical items to sell, it may pay you to have a shorter auction duration. Also, it pays to consider the end point of your auction very carefully. In addition, if you are running a Fixed Price auction, there's a little trick you can employ to give you extra exposure.

So, let's review the elements to consider in the setting of your auction duration.

a) Start/end day of auction

In my experience, for most categories, the weekend is by far the busiest viewing period on eBay. I would estimate that around 50% of views of my auctions take place on Saturday and Sunday. In setting auction duration, therefore, the weekend peak could be important to your success.

If you can arrange to end an auction on Sunday night, you get the benefit of those who wait until the end of the auction to bid, plus the enhanced viewing traffic numbers which appear during the weekend.

This means if you're posting an auction on Tuesday night, a 5 day auction could be good.

Having said that the weekend is the busiest for most categories, some could benefit from a midweek closing date. Items in this category would include those in which goods are offered for business users.

If your item is targeted at businesses, you want people to bid for your item while they are at work. In these instances, make sure your auction covers working days, and concludes during work time. It has also been found that office equipment and supplies sell well in the morning.

Be conscious of the time when you post your auction, as this is the exact time it will finish a number of days ahead. There's potentially a great deal of difference between an auction closing at 10 o'clock on Sunday night, and 10 o'clock on Sunday morning. If you can pitch your auction to be the former, you could benefit significantly from those extra weekend viewers. (Note the section on Time Zones later.)

b) Known popularity of the item

If you know your item is very popular, and your past experience shows that you will always sell at or more than the price you want, even outside of normal peak periods, then a 1 or 3 day auction could be appropriate. The benefit of a 1 or 3 day sale is that you can sell more items, more quickly.

c) Awareness of eBay sort facilities after searching

Whenever eBay's search is used by an eBayer, the default is that it returns auction titles in the order of how long auctions have left to run. Auctions which have minutes, or seconds to run, will appear first in the returned list. Auctions which have 9+ days to run will be at the end. And the list may run to many, many pages.

Experience has shown that eBayers tend to look only at one or two pages in returned lists. This means it is important you get your auction onto these first two pages at some point in its life - another reason why a 1 or 3 day auction might be better than a 7 or 10 day duration.

Be aware too that a high proportion of bidding activity takes place towards the end of an auction. This is natural. Buyers are on the lookout for bargains. If they can nip in with a bid at the end of the auction, they might get the item at a good price and there may not be time for others to top their bid. (Buyers can also use "sniping" software, designed to place a bid at the latest possible time on auctions which are of interest to them.)

However, the searcher can easily re-order the returned titles list. A popular option is to re-order the list into "newly listed" sequence. The top of the list will now show auctions which have been newly added to eBay. This is why there is sometimes a blip of bidding activity at the beginning of an auction as well as at the end.

d) Time Zones

eBay's default is to commence your auction from the time you submit it. As you know, this means it will terminate at that exact time, the number of days ahead that you select as the duration. However, if you're offering your item internationally you should give consideration to the time zone you're aiming for in terms of auction finish point.

For example, in the USA half of all eBay members reside in the Eastern Time Zone. So an auction ending at 10pm Pacific Time is fine for west coast eBay members, but over on the east coast this is 1am! So you're effectively losing around 50% of potential bidders at a critical point in your auction.

eBay does provide an option whereby you can schedule your auction to commence at a specific time (and on another day). In fact you can set your auction to start at any time and day up to 21 days ahead. This means you can commence your auction according to the timing you believe will attract the most viewers. There is a small fee for using this feature.

This is a useful capability if you want to create your listings in advance, and then have them released onto eBay in a phased sequence.

e) Fixed Price auctions - Single Item

I mentioned a little trick earlier. Well, here it is. With a Fixed Price auction for a single item you could consider managing your auction duration dynamically. You need to be monitoring your auctions closely i.e. throughout the day, to undertake this technique.

When bidders do a search on eBay, you know the auctions with the least amount of time left appear at the top of the returned list. So it is advantageous to keep the remaining time on your auction as short as possible. This is a way in which you get four bites of that cherry for a single listing fee.

1. Start your Fixed Price single item auction off with 1 day duration. Wait for someone to buy.

2. When the auction has just over 12 hours left, go in to the auction and revise the auction duration to 3 days. Yes, you can do this - as long as there is at least 12 hours left. Wait for someone to buy.

3. When the auction has just over 12 hours left, go in to the auction and revise the auction duration to 5 days. Wait for someone to buy.

4. When the auction has just over 12 hours left, go in to the auction and revise the auction duration to 7 days. Wait for someone to buy.

5. When the auction has just over 12 hours left, go in to the auction and revise the auction duration to 10 days. (Don't forget this will cost you a small fee on eBay.com) Wait for someone to buy.

6. The auction concludes naturally.

This might look complicated, but it isn't really once you get the hang of it. Of course, at any point during the above process someone could buy your item and your auction closes automatically. If you have another of the same or similar item to sell, you can re-list it.

f) Fixed Price auctions - Multiple Items

With a Fixed Price auction for multiple items, I would recommend you set the auction duration to the maximum - 10 days, or 7 days if you're not prepared to absorb the extra fee on eBay.com.

When you have multiple items it is not advisable to use the ploy described above for Fixed Price single item auctions. This is because as soon as you receive a bid (in this case it would be a Fixed Price sale), you are unable to modify the auction duration even though you may have many of the multiple items still to sell.

If you sell all your items within your chosen 7 or 10 days, then the auction closes automatically anyway.

g) Value Based Formula

If you are happier using a value based formula in setting your auction duration, here is my rule of thumb for items that I have not tried to sell before:

Min Bid amounts Set auction duration to

£5 - £25 ($10 - $50) 5 days

£25 - £100 ($50 - $200) 7 days

Over £100 (Over $200) 7 - 10 days

If you're selling items which from experience you know will definitely be bought at acceptable prices, then you can reduce the duration.

I hope this outline of selecting the best auction duration proves useful to you.







7 tips on how to choose a good fundraising Auctioneer


While this may sound cliche, it's true. Auctioneer is not good costs you money. A good fund raising Auctioneer will make you money. Really good Auctioneer might be worth its weight in gold, because they can raise your entire budget and ... in one night.

When your group or organization looking for fund raising auctioneer, here are seven important tips to help you choose the best Auctioneer for you.

1) Auction industry experience: Auctioneers, not all the same. Just as doctors and lawyers have different skills and different fields of specialty, so do the evaluators. Some auctioneers have considerable experience, while others are fresh from the auction school. Most appraisers are experts; others are professionals. Some have an excellent reputation, others do not. Some specialize in fund raising auctions and some could care less about them. And if you chose the wrong Auctioneer to handle the event that your decision may cost you dearly. Your goal should be to find an Auctioneer with considerable experience, impeccable reputation, and someone who understands the complexities of running a highly successful auction from start to finish

2) mobilization of auction experience: not all auctioneers make good assets Appraisers. Automobile appraisers are often considered to be the best in the business, because they speak quickly and sell quickly, perhaps 150 cars per hour. That approach works well with fast cars and television (can we say "Barrett Jackson auction"). It's not always good with fund raising auctions because most attendees at your event is not an auction-based. Some auctions because she is new to them. Many had never attended an auction before, and your Auctioneer to move more slowly, to meet their needs. Seasoned funds Auctioneer will understand how to deal with your audience, how to read your crowd and how to create more money for your business.

3) Reputation and name recognition: your goal is to hire the best available means of Auctioneer. Which one are you hire? Often the best approach is to figure out which use other non-profit groups in your area. If the same name keeps popping up, it appears for a reason. And because these groups are glad that the performance and Auctioneer, which raises money for their group Auctioneer Some auctioneers have a remarkable reputation and is highly regarded in the community; others are not so high. Make sure you find one that will represent you well.

4) Highlighting ideas and innovation: an experienced fund raising auctioneer tend to have a better understanding of how to run these events than your entire Committee. The non-profit fund raising committees have one or two paid staff and other volunteers, often with little or no auction. Traffic Committee usually means that experienced volunteers will be replaced by inexperienced volunteers, which further compounds the problem. A good fund raising Auctioneer will walk you through it. They will meet with your Committee prior to the event. They will help you figure out what sells best that don't sell, how and where to buy the sold goods and how to run a smooth and successful event. We know of cases where Auction revenues more than doubled in only one year as a result of recommendations made by the Auctioneer. This service is only any fees that you pay your Auctioneer.

5) Enthusiasm for your business event &: you can find the best Auctioneer in the world, but if they aren't enthusiastic about your event, the other Auctioneer. Enthusiasm is contagious, and your crowd will clearly make sense if your Auctioneer believes in what you do, or just goes through the motions and really don't want to be there. Your Auctioneer is your organization on the catwalk, so some hire someone who projects the image for your group.

6) trading. Ability to work a room: this is what separates professional Auctioneer from volunteer experience. All too many groups have the mistaken impression that if they provide unpaid volunteers to call at the auction, they will save themselves money. But the truth is that it costs money. The Auctioneer, volunteers "usually someone known to the group, such as a member of the Board of Directors, parents, local policy or a local celebrity. This person can feel comfortable in front of the group, but they do not know how to squeeze money out of the room. Good Auctioneer can work a room, they can sense when trading is done, they will move quickly and auction will always ask for more offers from room than any volunteers Auctioneer.

7) special appeals bail: special undertaking treatment can often double or triple the amount of money raised at auction fund raising ... in only a matter of minutes. But too few groups use this tool to raise funds. If you find an auctioneer who meets tips # 1-# 6, and who is also effective for the special appeal of bail ... look no further. The Auctioneer is an experienced fund raising auctioneer, they realize the true power of fund raising auctions and will be able to raise substantial sums of money for your group ... year after year.

In General, do not judge auctioneer fees that they charge. Rather, all with the support of innovative ideas for generating funds, day auction proposal call, increased income they bring, and the overall success of your event. When all is considered, if you have selected the correct auctioneer, at the end of the night your crowd will say "thanks for letting us spend money with you. We will be back next year ... with our friends ". This is the ultimate sign of success fund raising auction.







Grab Great Britain House of your dreams on the cheap-property auctions


Did you know that every year thousands of Uk properties sold well below market value? Most of these properties are available through property auctions, where available, regular savings from 10% to 40% of market value. Despite that auctions of property continues to be used only the elite and the wise buyer/investor, this creates an opportunity for investment house/sleeping well at bargain basement prices.

For example at the last auction flat Studio was sold in London for a mere £ 9000. In another, 2 bed flat to the South coast with a market value of up to 100 000 pounds, sold for only £ 14000 at auction. A few deals that people find on auction properties. However, it is important to know the potential problems and there are problems with auctions and understand exactly where the best deals. If you are interested in getting into the world of auctions of property below for tips and tricks of the trade should be very helpful.

TYPES OF PROPERTIES FOUND AT AUCTIONS

United Kingdom property auctions house contact

Below is a guide to help any unlock value through United Kingdom property auctions. Thousands of homes are available at any time with auctions of property, most of which are sold at prices far below market value. However, it is important to discover potential problems in, and there are problems with auctions, and to understand where a great deal. Detailed information on thousands of cheap, repossessed and auction properties are also on the property auction transactions.

It is perfectly reasonable to expect to pay from 15% to 40% less for properties at auction than you would for a single property through a real estate agent. For example at the last auction flat Studio was sold in London for a mere £ 9000. In another, 2 bed flat to the South coast with a market value of up to 100 000 pounds, sold for only £ 14000 at auction. And this is just a few examples of the many deals that people find on auction properties each week.

TYPES OF PROPERTIES FOUND AT AUCTIONS

Often repossessions-sorry for the previous owners, repossessions can be picked up at bargain prices through auctions.

Property investment-properties that are due to return on investment that they provide. Includes everything from individual Office/shop investment in apartment buildings.

A rundown property auctions are great places for layout properties distributed in their current state. The attraction here is if you can get such a property in a good place for cheap price, it is perfectly possible to renovate and resell at a handsome profit. Indeed there are individuals and organizations that make their lives to do so. Restore properties fall into the following categories:

Abandoned or derelict areas.

To be serious problems.

To be notified of local authorities.

When closing orders.

Offered with ambiguous titles.

Sold without access.

Sold to major fencing, paving, drainage or other similar duties.

Sold covenants or restrictions that prevent normal operation.

Exceptional properties include those that are of historic importance and sites that "get in the way ' major development projects.

AUCTION TYPES

Large composite-tend to have more than 100 lots. Expect more than 300 people to visit and place in a large hotel or Conference Centre. Large composite auctions, likely one of the auction house. The type of the property may be restricted to one (e.g., possession of unoccupied houses, factories, warehouses, etc.) or can be a mixture of different types.

The average composite-from 5 to 100 lots, and usually attract between 200 to 500 people, most likely in a hotel or Conference Centre. It looked like a big composite, only on a smaller scale.

Small composite-proposal between 2-5 lots and will attract upto 5 bidders. Most likely there will probably be something like pub, restaurant, Church, or small hotel. Small auctions typically follow the themes-such as related properties may have been part of larger groups (for example, a set of properties owned by one company) who believe will get the best returns, offering properties for sale separately.

One lot, usually on a property that is in great demand.

IDENTIFICATION OF AUCTIONS

Auctions are not so easy to find, as you might expect. Traditionally, the evaluators have more than enough interest from regulation know so they don't need to spend a lot of money on expensive advertising to the public. Here's a list of auction houses, comes with leadership becomes invaluable. There are details on each auction house, including which area covers auction house. Go through this list and determine which cover the areas you are interested in then:

Phone auction house and ask them where their next auction is likely to be held. Ask them to put you in the distribution list that details of upcoming auctions. Some may charge a small fee for it, others offer services free of charge.

Prepare a list of questions for each auction house, you contact. This should include:

You have a mailing list?

How long do you keep people on your mailing lists and can you let me know if I have to delete?

What type of property auctions?

Also it may be worth subscribing to some journals properties pedigree. These include property auction News, under the hammer and the properties of the week. Local newsstands commonly carry these.

THE AUCTIONEER WILL PROVIDE INFORMATION

It is clear that they will provide detailed information about properties, under the hammer on their auctions. They tend to be more detailed than the snippets provided by estate agents (there are laws like the 1991 law on Property Misdescriptions that make it illegal auctioneers to give out false information about the property). In General, for any given party, they will ensure:

Location

Design features

The host (for example a)

Details of residence (e.g., 3 bedrooms, etc.)

Notes (for example, repairs required)

View details

Lawyer details

Auctioneers usually publish a directory with many details-this book is about the various properties available for auction. They will usually be available within a month or less prior to the auction.

IDENTIFICATION OF REPOSSESSIONS

Some banks/building societies can be timid about revealing that they sell the seized properties, so you need to be alert in the auction for clues. Auction ads may reveal that a bank may be a number of the seller or the auction catalog properties can specify a phrase such as "on the instruction of the liquidator, or something similar-that should tell you that the sold property owners. If you are unsure, ask the Auctioneer directly If lot offered owners.

SEARCH PROPERTY AUCTIONS NEAR YOU

There are several thousands of properties for auction at any given time throughout the UK. It is important to understand how auctions work before buying property from one. To find out where you can get a list of United Kingdom property auction sites and Web sites from auction to sell properties to look at my resource box below. I wish you every success in finding bargains at the auction house of your dreams







Auction broker represent you without auctioneer

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Auctioneers are not all the same. Just as Doctors and Lawyers have different levels of experience and different areas of specialty, so do Auctioneers. Some Auctioneers have considerable experience, while others are fresh out of Auction School. Most Auctioneers are generalists; others are experts or specialists in a particular area. Some Auctioneers have an excellent reputation and a strong following of loyal customers, others are struggling to stay in business. Most Auctioneers are honest, some are not.

And if you select the wrong Auctioneer to handle your consignment, your decision could cost you dearly.

That's where an "Auction Broker" comes in. The difference between an "Insurance Agent" and an "Insurance Broker" is that the Insurance "Agent" represents one and only one company, whereas the Insurance "Broker" represents several companies, and is able to shop your business around with several companies in order to locate the best company, and to obtain the best rate, for your particular needs.

The same is true of an "Auction Broker". Whereas an "Auctioneer" represents one and only one Auction Company (their own), an "Auction Broker" represents several different Auction Companies and can steer your consignment to the Auction Company best suited to handle what you have to sell. This is extremely important because the key to getting the most amount of money for what you are selling at Auction is to locate the best Auctioneer for what you have. And the Auction Broker is often the best person to help you accomplish that.

Most Auction transactions involve signing a contract with the Auctioneer. That contract will specify important points such as the commission and fees involved, when you will get paid, standard terms and conditions of sale, etc.

All Auctioneers are going to charge you a "Commission". That commission will normally be a percentage of what they sell for you. For example, if your consignment sells for $10,000, and your flat rate commission is 20%, you will receive $8,000, while the Auctioneer keeps $2,000 to cover his/her staffing, advertising, administrative, and other expenses...and hopefully their profit.

If you are unable to deliver your merchandise to the Auctioneer, most will charge you to pack it and transport it to Auction. And occasionally other fees such as photography fees, listing fees, Internet fees, and other charges may apply.

In exchange for these fees you are, in effect, "renting" the following from the Auctioneer:

? The Auctioneer's Name and Reputation.

? The Auctioneer's Place of Business.

? The Auctioneer's Years of Experience.

? The Auctioneer's Expertise in the commodities you are selling.

? The Auctioneer's Marketing and Promotional Ability.

? The Auctioneer's Mailing List and Contacts.

? The Auctioneer's Knowledge of Potential Buyers for what you are selling.

So the key to getting the most amount of money when selling at Auction is to locate the best Auctioneer for what you have to sell. As an extreme example, you wouldn't want to sell your Tools through a Doll Auctioneer, because there would be few, if any, Tool buyers attending a Doll Auction. And you wouldn't want to sell your Doll Collection at a Tool Auction for the same reason.

But what if you have little knowledge of the Auction business in general? Or the specialties and reputations of local, regional, or national Auctioneers? What should you do with your consignment? That's where the "Auction Broker" comes in.

Just as the Insurance Broker can place your business with the best Insurance Company for you, so too can the Auction Broker help you to locate the best Auctioneer for what you are selling. A qualified "Auction Broker" will perform several vital services that will help you to obtain the most amount of money for what you are selling:

? They will explain the Auction process to you.

? They will explain the difference between National, Regional, and Local Auctioneers, and which Auction level is best suited for what you have.

? They will walk you though the legalese on an Auction Contract.

? They know which Auctioneers specialize in specific commodities, and which Auctioneers have upcoming Auctions in your particular category.

? They will locate the best Auctioneer for what you have to sell.

? They will help you to understand the best time of the year to sell.

? They will help you understand when to send it all to one Auctioneer, and when it's best to split your consignment between two or more Auctioneers.

? They will negotiate the fairest commission possible for what you have to sell. (Are you aware that in some instances Auctioneers will work for "Zero Commission?").

? Depending upon the merchandise, sometimes (but not always) they can negotiate a reasonable "Reserve" for you. (A "Reserve" is a minimum price below which the item will not sell, and usually has to be negotiated with the Auction Company).

? They will help to ensure that you are not cheated in the process

Here are just a few examples of how Auction Brokers have helped clients receive the most money for what they have to sell.

? Client had several pieces of better art, some better Tiffany and Cartier sterling silver pieces, along with some more average, middle market merchandise. Arrangements were made to have the better items saved for a much better "Catalog" Auction with a prestigious Auction House several months later. These items were pictured in a 4-color, printed catalog and sold on the Internet as well as before a live Auction audience, in order to attract a national and international bidding audience. Those items not worth storing were sold more quickly and turned into needed cash faster.

? Client had mostly middle market items, along with a few better pieces of jewelry. Arrangements were made to sell the jewelry through a company that specialized in jewelry sales, while selling the lower end items through a less experienced Auctioneer who was eager to sell such items, and who sold most of the items individually rather than as "Box Lots" (i.e., selling them by the box), thereby netting the client more money.

? Client wanted to dispose of a Stamp and Coin Collection. Arrangements were made for the Stamps to be sold in a Stamp Specialty Auction, while the Coins were sold in a separate Coin Specialty Auction, resulting in significantly higher prices than if they were sold through a non-specialty Auctioneer.

How are Auction Brokers paid? They are generally compensated in one of three ways.

? Flat Consultation Fee: Here the Auction Broker will charge the client a flat consultation fee to review the items, sort them into specific categories, and make recommendations where they will sell best. If the Auction Broker is expected to pack and transport the sellable items, those fees will be additional. This usually works better with smaller consignments.

? Percentage of Final Selling Price: Some Auction Brokers will work on a percentage basis. In this compensation format, they receive a percentage of the final gross selling price of all items. This concept encourages the Auction Broker to sell for as much as possible because the higher the final selling fee, the more money both the client and Auction Broker will receive. This format works better with higher value consignments, and not as well with low-value consignments. The more work that is expected of the Auction Broker (i.e., packing, transport to the Auction House, etc.), the higher the commission rate.

? Referral Fee from Auction Company: Sometimes the Auction Broker will receive a "Referral Fee" from an Auction Company, just as the Insurance Broker is paid for writing business with a particular Insurance Company. Often this represents a percentage of the final commission the Auctioneer makes on the consignment.

The "Broker" concept is well-established in the Insurance industry, but is fairly new in the Auction business. If you regularly attend Auctions and understand the Auction process, you probably don't need the services of an Auction Broker. But if you are relatively inexperienced in the Auction field, and if you are considering selling things of value at Auction, then an Auction Broker can probably help you from making a very major and expensive mistake.







Finer points of Internet auctions

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WHAT IS A PENNY AUCTION?

Penny auctions have exploded in popularity with the massive growth of the internet. However, few people know the true origins of penny auctions.Beginnings actually stretch back to the Great Depression. Those were hard times for everyone, but even harder for farmers. Farmers struggled to bring in steady income because of droughts and crops not selling as well as they had previously. As a result, the banks would foreclose on the farmers who couldn't keep up with their mortgage payments.

The banks weren't satisfied with just repossessing the house, they wanted to raise as much capital as possible, so they resorted to selling off the possessions of the owners of the repossessed houses. There was not much the farmers could do about it so they began bidding ridiculously low prices, pennies, on the items while threatening others who dared to bid higher than a few pennies.

The auctions of today hardly resemble their tremulous beginnings. Being part of a penny auction today is exhilarating, fun, and addictive. It combines the selling format of auctioning with a little bit of chance factored in.Auctions are a game of strategy but also a game of luck.

The premise behind penny auctions is giving people the chance to win an item at a drastically reduced price.Auctions make that possible by spreading out the cost of the product among multiple bidders. In order for a person to take part in an auction, they must pay a set price for each bid. For example, if a person wanted to bid on a fifty dollar Amazon gift card then he would spend a dollar for each time a bid placed. If he ended up winning the gift card, then he would only have spent a few dollars for a fifty dollar gift card. Usually penny auctions sell bids in packages.

HOW PENNY AUCTIONS WORK!

The main foundation of penny auctions is the pay-per-bid format. It is the key that allows bidders to win items at the fraction of their retail value and allows the auction owners to keep their site profitable. Most y auction sites run on the same premise: people pay a set amount for each bid, whenever a person places a bid within the closing seconds of the auction time will be added, the last person left with a unique bid after the clocks runs out will win the item. There are a large variety of items that can be won, but they tend to be popular electronics or gift cards to popular stores.

There are two types of auctions: lowest unique bid auction and highest unique bid auction. Lowest unique auction sounds confusing but it is actually quite simple. A unique bid is when only one person has a bid at a certain price. Bids usually start at one penny, a bidder can then place a bid at two pennies. Until another bidder places a higher bid, the most recent bidder will be the lowest unique bid because that was the only bid at two cents and nobody bid higher. However, penny auctions generally don't stop at one penny. It is not uncommon to find auctions that end up at a couple hundred dollars based on the popularity of the item being auctioned. However, the same principles apply for those auctions. Highest unique bid auctions follow the more traditional auction format such as eBay. The person with the highest bid at the end of the auction wins the item.

Auction site owners turn a profit by selling bids. Say twenty people are bidding on a ten dollar gift card at one dollar per bid, at the end of the auction if there were twenty bids placed in total then the site owner would have made twenty dollars with a ten dollar profit.Auctions do seem like a win-win situation:The site owner makes money while the bidder gets an item for dirt cheap. However, not everyone wins in penny auctions. The people who paid one dollar each bid but left with nothing to show for their investments will not be so happy.

HOW TO WIN!

Penny auction has a lot of chance mixed into it, but one can incorporate strategy that will help raise the chances of winning. Playing smart can make all the difference between gambling and auctioning.

The first crucial tip to winning penny auctions is to know how to manage your bids. Your goal should be to win as much as possible without spending a ton of money buying bids. Managing your bids means that you should already know how much you are willing to risk in order to win an item. The amount of capital you are willing to risk will determine how many bids you can use. Once you know how many bids you have to spend on an item, then you will be better able to manage how and when you place a bid. That will keep you from blowing away all of your bids in the first few seconds of the auction.

The next tip is to practice time management. When fighting in the trenches of penny auctions, you have two enemies: other bidders and time. Knowing when to bid is a must if you want to have success. Placing a bid when there is a lot of time left on the clock is never a good idea. You have to remember that the key to winning a penny auction is being the last one standing when the clock runs out and that each bid increases the amount of time left. It would be a good practice to wait until the last few minutes of the auction before you begin to bid.

The final tip for successful auctioning is to keep your emotions under control.Auctions have a lot of similarities to gambling, and just like gambling, your spending can get out of control. If you keep your emotions level, it will keep you from making rash decisions and blowing loads of cash. Keep your mind clear so that you can gage the behavior of the other bidders and outsmart them.

HOW TO AVOID SCAM SITES!

Penny auctions are a great addition to the web whether you want to win an item that otherwise you wouldn't be able to afford or if you simply enjoy the thrill that comes with bidding in auctions. Unfortunately, scam sites have tarnished the reputation of the legitimate penny auction sites. However, there are ways that you can protect yourself from scamers and enjoy your auctioning without having to worry about losing your money due to dishonesty.

Checking the reputation of the auction site before you start spending your hard earned money is always a good idea. Chances are other people have tried the site before you and some of them have left reviews. The reviews are your way to gage whether a auction site is trustworthy or not. If a site is getting overwhelmingly negative reviews, then that is a clear indication that you should steer your business elsewhere.

Another tool you can use to protect yourself is checking the Alexia ranks of the auction sites. Alexia rank will give a solid view of how much traffic the auction is getting. If you see a huge difference in the amount of traffic Alexia is projecting and the amount of active bidders on the site, then warning signals should be ringing in your head. Some auction sites have been known to set up robots that automatically bid on projects in order to keep the auction going and inflate the price. That is known as shill bidding. You can sniff out those sites by comparing the traffic the site should be getting to the amount of users using this site.

CONCLUSION!

New legislation may come out later down the road that will officially make penny auctions gambling, but until then, it is a fun, exciting auction that allows one to win the item they've always wanted but couldn't afford.Auctions are also quite lucrative for the site owners because of the pay-per-bid strategy they've incorporated. Penny auctions had humble beginnings with farmers who just wanted to get back at the banks who kicked them out of their house. More recently, auctions have enjoyed an explosion in popularity with the rise of the internet.

There are two main formats fora auctions, lowest and highest unique auction, however they both run on the same premise where the last unique bid wins the item. Winning a penny auction will require a certain amount of mental tactic and a bit of luck. However, you can increase your odds of winning by practicing certain techniques such as managing your bids wisely, learning how to work with the time, and keeping a level head and your emotions under control. When you combine those three strategies to your bidding plan, you will find that you win a lot more often.

It is important that you do your due diligence to protect yourself when participating in auctions. Not every auction is run by honest and trustworthy people. There are people out there who just want to take your money. You can protect yourself by ensuring that you only bid on sites that already have a very positive reputation from real users.







10 tips for smart silence and live charity auction


10 tips for smart silence and live charity auction

1. Select the right date for your silent and live auction

Choosing the right date for your auction is crucial. Most auctions are held in the spring or autumn. Summer is a good time to hold a major event because many guests are having a rest. Winter is also considered to be a bad time of year many training or rehabilitation of holidays. As a rule, fall is the best time of year to auction, because many of your guests are starting to get into the holiday shopping mood and can prove that what you have to offer on their shopping list. In the evenings, on weekends are the most popular time for auctions with most auctions last night.

2. Select the correct Auctioneer for your live auction

You have two options, a professional Auctioneer or volunteers. This decision usually comes down to the following considerations. Professional Auctioneer will charge for their services. However, they will auction more gifts, faster and more money. Professional Auctioneer can auction approximately 75 units in the evening at 20-25% higher than amateur Auctioneer. If you're running a small auction, you can use volunteers. He also may make sense to use volunteers, if you have someone in your organization that has a great personality and known to many of your potential guests. Best of all they are free. However, volunteers can cause very late at night and kill to get visitors to return in future auctions.

3. use the most efficient strategy to get free stuff for your silent auction and live auction to your

Groups provide moral support needed to deal with a potential donor. Besides using helps ensure that documents are completed properly. When you create a command, note the personal dynamics. Some members of the group is asking donors for more convenient than other gifts. These individuals should be shared with members of the group, which did not necessarily have the talent. In addition it enables teams to share the workload, allowing more discreet man to take on tasks that are better suited for them (documentation, collection gifts, etc.).

4. get real gifts for your silent auction and live auction to your where possible

Many businesses, especially restaurants, will offer to provide you with gift certificates instead of actually gifts. Focus on local enterprises that can donate goods. You must not from businesses that can provide only gift certificates, but they shouldn't be the focus of your campaign. Real gifts create a very interesting night auction. Just imagine an auction not actual gifts, but rather just a bunch of gift certificates lying around on the silent auction. Secondly will only gift certificate in the amount of the certificate, or sadly, sometimes not even that. A tangible gift it's far more likely to value that exceeds its fair value.

5. know what to put in your "auction package»

The auction package is available to guests when they arrive. Some of the items, you must include in your package are:

Auction program
Add to auction catalog
The newsletters
Auction rules
Payment options
Advertising
Closing time silent auction table
Drink coupons
Lottery tickets
Leaflets for other upcoming events
Auction paddles
6. close the silent auction table properly

The closure silent auction can be a bit tricky. There can be multiple bidders for the right item until closure. To prevent a situation that is perceived as unfair, it is important to close the table in exactly the time announcements. It's a good idea to announce the closure of the tables in intervals before, such as 15 minutes, 5 minutes, etc. This helps get stakeholders to enter their "best and final offer" before the end of time. This is also useful for closing various sections of the silent auction at different times to enable your volunteers rapidly pick up all sheets.

7. use other opportunities to earn money on your auction

Entrance fees, sales of beer, wines and cocktails, raffles, door prizes and sell advertising in your program are some of the ways you can extend your auction revenue.

8. send invitations for your auction

If you're lucky enough to your database of members or guests of previous auctions, you can send out formal invitations. Design your invitations can range from very simple to very elegantly. Your should send their approximately 90 days before your event to make sure that your guests have not made other plans for the evening. You should also develop a plan to send reminders to those who have not sent their RSVP basis. Remember, RSVPs also tell you who dropped that reduces the number of reminders that you want to send.

9. know the laws concerning the silent and live auctions and stay out of trouble

Fundraising events are the tax consequences for the guest and The event. According to the IRS; "The donor cannot claim a tax deduction for any single contribution of $ 250 or more, if the donor receives written confirmation of the deposit period, the recipient organization. In addition, the donor may only accept contributions deduction to the extent that its contribution exceeds the fair market value of the goods or services received in exchange for donor contributions; Thus, donors need to know the price of the goods or services.

10. use checklists to make sure that everything goes smoothly

Reservation checklist
Checklist: installing a room
Checklist for starters
Sound system checklist
Registration checklist
Check-out checklist
Raffle and door prize checklist
Checklist for silent auction
Checklist: Live Auction
Checklist for auction







Tips for buying a horse sport in European auctions

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We began our journey approximately 1 year prior to the purchase of our Hanoverian gelding. At that time we were primarily shopping in the U.S. for a young dressage prospect. Our goal was to find a horse with potential that we could enjoy developing and furthering to the fullest of his abilities.

Living in the Southwest we found that there were few breeding farms in our areas dedicated solely to developing dressage horses. Thus, our search began by extensively visiting local stables, exploring local word of mouth and sales ads, and exhaustively researching online. While we found many beautiful horses we didn't find our "dream" horse. We were looking for not just a fancy mover but a horse that was bred for dressage with exceptional athletic ability and most importantly intelligence and a desire to work. Like many people shopping for horses we found it exceptionally difficult to find a horse with the desired movement, as well as a horse with the desired intelligence and work ethic, to have such a horse pass a vet test, and finally to keep within our desired budget. So we began our European journey not because we couldn't buy in the U.S. but because after several months of searching we decided to alter our methodology which would hopefully improve our success rate.

Growing up I rode at a dressage barn that frequently had German judges, trainers, apprentices and most importantly German Horses visiting. While I loved my Thoroughbred I developed an appreciation for the German horse breeding industry and based on this background we decided that we'd alter our search to take us to Germany for the dream buying experience of our life. As I often tell friends, "this was our one crazy moment!" So we were by no means experts in European horse shopping and certainly not horse brokers. Therefore, we had to become thoroughly educated prior to our visit. I found to my disappointment, that there were few if any helpful guides on the internet and basically only brokers offering to find a horse for you.

The first step in our horse search was to find and develop a relationship with a local dressage trainer. We chose Gintara Slavinskas because of her kind nature and desire to not push a young horse but to encourage that young horse to develop to his best with only positive reinforcement. Therefore, we consulted extensively with Gintara on our decision to shop in Germany and in short order we were all very excited and ready to hop on the next plane. Common sense took over however, and we decided to wait a few more months while we developed some contacts, chose a Verband or horse auction to attend and basically educated ourselves.

In this process we learned that most of the German warmblood registries offered several auctions throughout the year and luckily they are all now offering online viewing and information on the selection for the upcoming auction. We settled on researching the Oldenburg, Westfalen, and Hanoverian registries. All of their web sites can be found at horse-gate.com and be sure to select the small British Flag below the menu on the left for the English version of the page. After finding hose-gate we then explored all the Verbands we were interested in. At horse-gate these are found under the auction menu item. Select this button and you will find further options for Hannover, Holstein, Oldenburg, Wastfalan, and ESI

So once we chose our breed (Hanoverian) we began watching the online auctions and results for that breed. The Hanoverian Verband has 12 auctions a year so we had the opportunity to monitor a few prior to our visit. The auctions are all a little different in the field of horses offered and quality/pricing of these horses so I suggest you explore their web site early to determine what auction is best for you.

We opted for the July Summer auction and were able to monitor the winter and spring auction results. For all the auctions the selection of horses are listed and numbered, most of the horses will have still photos and several will have videos. Now the auctions are also offering a live video feed showing a presentation of the entire selection. All of this allows the buyer to get a good sense of the quality and type offered. The auction houses do offer bidding and buying by phone but I personally do not recommend buying based on just the web information as we found that seeing these same horses in real life drastically altered our favorites. Indeed, we had examined all photos and watched all videos easily 100 times prior to attending and had a short list with the strengths of each horse, but at the moment of arrival we tossed the list and stated making a new one based on our live impressions. There is just nothing to beat seeing and interacting directly with the horses. For online viewing you can also search the archives and view the after sales reports and learn information such as how many horses went to each country, the average sales price in addition to the high and low sales price. The site even breaks down how many horses were sold in each price range. I encourage you to view these stats and then to remember that they are not in dollars but in Euros so please convert for your price in Euros. And remember to get tissue out for this experiment because the current conversion rate is definitely not in our favor.

For the best fares we arranged our flight tickets well in advance and as this was "our crazy adventure" we opted to fly first class. We found that by shopping online and shopping early we were able to get first class tickets at an almost coach price. So I encourage you to search the online fares to save money for the auction.

Because we didn't know anyone in Germany and of course didn't know the city we called the Verband (they are extremely helpful for their guests) and went with their recommendation of Haags Hotel NiedersachsenHof. We found this to be a reasonable priced and lovely hotel with loads of European charm. Their contact number is 04231/666-0. While this was a lovely hotel the primary advantage is that it was just a brief walk from the auction house allowing repeated visits throughout our stay. The Hanoverian Verband and auction house are located in Lower Saxony Germany in the small town of Verden. The nearest airport is Bremen. A few other hotels are available in the town of Verden but will require a short car or cab ride to the auction.

For our transport we used a cab from Bremen to Verden because we didn't want the hassle of driving in a foreign country. The rates are good and cab accommodations are clean and new with courteous drivers. We requested a pick up time and date from our cab driver and he showed up promptly as scheduled. Rental cars can also be used but I encourage further research prior to renting.

Okay, so timing of arrival is also important to allow maximum time for viewing and trying of the horses prior to the actual sales. The regular auctions make the horses available 2 weeks prior to the auction and the Elite 1 month prior to the auction. We attended 1 week ahead of the auction but would have appreciated and enjoyed the additional week. Also, many international competitors will attend the first week when it isn't as busy and not as many eyes are watching their picks.

The protocol for the auction is a presentation or training of each horse in the morning and prospective buyer and training trying in the afternoon. They also will offer a formal presentation of all horses under rider at least once or twice prior to the auctions. Dressage horses are worked in dressage and jumpers are jumped. Each horse is assigned one trainer that will be with him through the journey and this individual will be a valuable asset to you. I encourage you to talk to the groom and trainer of your favorites to get a better feeling for the horse.

We arrived the morning of the formal presentation which began at noon and went well into the night. The auction we attended had 142 horses offered for sale and it took some time to view them all. We were fortunate to have a contact with a frequent buyer of auction horses, Melissa Mulchahey of Rose Lane Sporthorses, through our trainer and she offered her assistance at no charge. Although, the brokers do get a discount on the auction fees as well as some other perks from the auction house for their contribution to the event. So we met with the Melissa that night and found her to be pleasant, informed and a valuable asset in learning auction protocol.

Initially, we found it very difficult to form a short list as all the horses looked beautiful on first impression. However, mid-way thorough the presentation we saw a lovely black gelding with 3 white socks, blaze and sabino markings enter and 'float' around the arena. He was named Latin Lover and for me it was love at first sight but my trainer and the Melissa did their duty well and examined all possibilities. An interesting note is that Latin Lover did not have an online video or picture so he was not originally on our short list. By the end of that night we were all asleep on our feet with jet lag and crawled into bed.

The excitement of the auction had us up early and after a very quick breakfast we walked over to the barns and enjoyed visiting each horse while he was munching breakfast in his stall. One of our short list horses was a Hessen called Russian Fox and he was one of the few we kept on the list after visiting in person. As a side note the Hanoverian Verband recently bought out the Hessen Verband and now all hessens are registered Hanoverian and offered at the auctions. The Hessen was a lovely chestnut of average size again with sabino markings socks and blaze but most importantly free and lovely movement. We visited him while he was having breakfast and all agreed that he was lovely and well put together. We then visited the black horse that also turned out to be one of the 2 Hessens in the auction and found him amidst all the auction chaos laying down for a snooze. However, he quickly got to his feet when we greeted him and gave us all a nuzzle. At that point we all agreed he was a Teddy Bear but that we wouldn't make any decision until we had formed out short list and tried several horses. But, he was definitely on the list.

A word on the auction chaos, it is definitely stressful for these young horses to attend the auction and was actually more stress then I originally expected. However, all the horses are treated with great care and love by the verband. Everything was about the horse and if a horse was determined to be tired or stressed a no visiting sign was placed on his stall and he was not take out or tried during this time. Another unexpected finding was that many of these young horses developed minor upper respiratory infection. Looking back I believe this was to be expected as the auction mixes many horses of young age from many different farms - much like kindergarten. The most common finding of this URI was slight nasal discharge and any affected horse was examined and treated by the in house veterinarian.

We continued our excursions that day by visiting each stall repeatedly and speaking with all the grooms and trainers. The groom of the chestnut agreed that he was a very lovely mover and well balanced for such a young horse and the groom of the black advised that he had a lovely character. The other horses we investigated included both mares and geldings with ages ranging form 3 to 6 years old and height from 15.2 to well over 17 hh. When exploring the barns if we were particularly interested in a horse we would request that the groom take him out for closer examination and inspection of movement in hand. This was very helpful for determining potential conformation faults and character. Some of the horses were clearly not people horses and would stand with rear end facing their gate and others would nicker and welcome all new visitors.

Later that day the training began with each trainer riding their group of horses. We found it helpful to keep the sales list of the entire selection handy to make quick notes in the margins as each horse was shown. Each horse was ridden by the trainer for about 15-20 minutes and there were 4-5 horses present in the arena at any one time. When the trainer was done riding he, or she, would take the horse to the end of the arena and dismount waiting for prospective buyers to emerge from the audience and request a ride to try the horse. This was an interesting and sometimes entertaining methodology as most of these horses were very green and had little if any steering or breaks. And anyone could try the horse regardless of their ability or lack of ability. The Verband trainers of course make each horse look like an advanced mount but it was eye opening to see some armature riders on the same mounts. We witnessed a few rider falls and run aways during this time. When trying these horses it is best to have eyes in the back of your head to look for the unexpected run away or inattentive rider. Caution is strongly advised. It is helpful to talk first with the trainer of the horse so you can get an understanding if you should use caution with that individual mount.

For both our top picks (the chestnut and black) the trainers were relaxed and willingly handed over the reins. Both horses were well behaved beyond their years, and marvelous movers. Other horses tried were very anxious and while perhaps lovely movers had aggressive or frightened characters. Often the trainers of these horses would advise a word of caution prior to handing over the reins. Out of respect for these hard working horses it is recommended that your rides be kept short with just enough time to get an idea of the way of going. Most people abided by this but a couple didn't and were universally frowned upon.

One interesting rider was an older gentleman who appeared an expert rider and tried a nice bay. After dismounting the rider gave the horse a big kiss on the nose. It was nice to see after all the stress of the day.

When trying a horse I recommend that you follow your picks back to the barn. During this time you can watch the horse move on a straight line from behind and see how he responds for the untacking and bathing or grooming.

We eventually formed our short list of about 5 horses but the black and chestnut were top 2 picks and the black my own favorite. Once we had our short list we visited the house veterinarian and requested information about the vet check. He was very helpful and would actually show the digital x-rays for those interested. We found that the chestnut has 2 chips and the black no chips but 1 missing molar tooth. As a small animal veterinarian I found the vocabulary of chips interesting as they sound like a benign nothing but in reality chips referred to OCD lesions or cartilage lesions that could potentially cause lameness later in life based on the location of the chip. They also graded these chips as 1-3 with the highest being the most problematic. I recommend meeting with your equine veterinarian prior to attending the auction and discussing what type, if any, OCD lesion would be acceptable to you.

So we were very disappointed with the 2 chips on the chestnut but decided to keep him on our list as the chips were low grade and could be removed later if needed. The missing tooth was not of great concern in the black but did mean that he would need regular floating of his teeth and good dental care. Various other issues were found on the other horses on our list. Basically every horse will have something identified in the vet check and it is your job to use your team of veterinarian and trainer to determine what is acceptable to you - prior to the actual auction.

After meeting with the vet we took one horse off our list for grade 3 chips and added one other, but kept the original 2. The job now, was to prioritize the biding for each horse and determine if we would bid on all of the short list until one was won. We found that the chestnut would be sold and presented early on auction night and the black later in the night. This raised a dilemma because we had to determine if we waited for our first pick (black) or started biding early. We also had to determine how high we would go for each pick. In the end we decided to bid on our two favorites and keep those sold at the end of the list as our back-ups.

In the middle of the week Melissa took us for a drive about the country and on a visit to a beautiful stable (Dressurstall Kubelke) owned and operated by her trainer. We had a lovely visit here and were shown a couple of non-auction horses offered for sale including a beautiful 5 year old grey gelding. We decided to keep this horse as our back-up for after the auction as he was lovely.

After this we continued our daily viewing of the horses, training and presentation until the day of the auction quickly arrived. We all awakened early and were a mass of nerves. I'd done my math many times over the night before to determine how high I would bid in Euros. One thing I recommend having available for the auction is a printed spread sheet of U.S. dollars and the equal Euro amount. In the heat of the auction it is very helpful to glance down and know how many dollars you're actually spending. As often as I reminded my self that we were bidding in Euros I kept thinking in dollars so keep that paper handy.

We were fortunate that Melissa was able to obtain ring side seats for the auctions at an excellent line of sight to the action & auctioneer . I recommend that you book your tickets early by contacting Mr. Malte Kanz @ ++49 42 31/6 73 50 the price for tickets range from 10-25 euros each.

Our bidding protocol was discussed ahead of time with Melissa and she offered to bid for us. This turned out to be a blessing as everything went much faster then expected once the bidding began. The auction started with the auctioneer starting at 5,000 Euros on the first horse and it quickly escalated from there. The auctioneer did present in German but a handy scroll board was available above him showing the current bid. Several young people were present around the arena to act as pointers and help direct the auctioneer's attention to an active bidder. The actual bidding was done with a yellow card contained in the brochure and decorated with the Hanoverian logo. When the card was raised high a full bid was made when the card was presented horizontally the buyer was attempting to make a half bid which the auctioneer may or may not accept.

All of this was very new to us but we had a very enjoyable time watching the active bidders, the horses and the auctioneer. We found that immediately after a horse was sold the buyer was presented with gift from the Verband ranging from a Hanoverian logo mug to bottles of Champagne depending on how much the horse was sold for.

The enjoyment continued until our first pick arrived in the arena, the chestnut waltzed into the arena like he was floating and bids seemed to come form everywhere at once. I had set my max bid on him somewhat lower then on the black and we were quickly outbid. It was crushing and at that moment we wondered if we would be able to take any one of our picks home. The bidding ended with the chestnut going to Italy.

The black was in the last 1/3 of the auction and we had a long anxious wait until our next attempt. Teddy Bear, the black, (actually Latin Lover) marched out of the stable doors and into the arena like he'd been doing this all his life. He never hesitated or spooked but just floated around the arena. The bidding took off again and we were all very worried. Melissa had advised us that she would not bid until the last moment and to have patience but this was very difficult. She actually waited until the hammer was about to fall and then bid for us, immediately the people sitting behind us also began to bid! We bid back and forth several times until they hesitated and all went silent for what seemed forever. Everyone was waiting for their decision. Melissa turned around and stared at them waiting for their decision; I was near tears but couldn't take my eyes off this spectacle. After a few seconds the other bidder withdrew and we thought we had won our Teddy Bear. Unfortunately our hopes were crushed when another person placed a bid from across the arena. I quickly did my poor Euro to Dollar calculation, realized I was already way over and decided to jump. We placed our bid and won our Teddy Bear!

When the gift bearers came with a few bottles of Champagne I realized that I'd gone way over budget but was still very glad that I had. We were all in tears due to the stress and excitement but they were happy tears and expressed great relief. I was overjoyed that the beautiful black Teddy Bear I had picked the first night was actually ours. It just didn't seem real.

After we won the bid the reality quickly set in as the broker escorted us to the office to sign the sales agreement. No money was exchanged at this time and I learned that most people fly home on Sunday and then complete a wire transfer to the Verband for payment on Monday. But we had arranged a flight back later in the week and after advising the office of this found that they were very helpful and willing to work with us.

We returned to the arena and started to watch the rest of the auction but were advised again by Melissa that the protocol was to have the groom take the horse out for a photo and then return to the stable to enjoy the Champagne in the aisle with the former owners - a barn party of sorts.

We took Teddy out to the green for a photo and I could have stayed there all day but he was too quickly taken back to his stall where we met the former owners. They spoke broken English (a good things as I didn't speak any German) and during our conversation they advised that they mostly raised sport horse ponies and Teddy had been their first endeavor into the bigger guys. The wife advised me that they bred their favorite mare to Latimer and dreamed of a tall black beautiful stallion with a star. When he arrived they named him Latin Lover. I was amazed at the close connection they had with Teddy, they were both crying the entire time. Later that night I learned that he had been their little daughter's favorite and thus selling him had been difficult for them all. I thanked them for breeding and raising such a wonderful horse and for being willing to part with him. We then all decided to enjoy the Champagne and learned that Teddy loved to drink out of a glass but he was only allowed a sip. The barn party ended with our exchanging contact information with the former owners and promising to write and keep them updated.

We returned to the arena to see the last of the auction and saw the older gentleman who had kissed his mount on the nose, now bidding on and winning that same horse. After he won he hopped the fence and marched out to give the bay another kiss on the nose. For us too, It had been a wonderful night but there was still work to be done.

Our next step was to visit the gentleman in charge of the filming of the horses during training and the auction. For a nominal fee he collected all the video clips of our horse onto one DVD for us. You may also request a DVD of the horses radiographs or films which the verband will mail to you shortly after the auction.

We now had to contact the transport company to arrange a flight back to America for Teddy. Guido Klatte was our choice after researching companies prior to the auction we determined them to be the most reliable and experienced. The Klatte contact number is 49-4472 94007 - 0 . For the flight back the horses are placed into a box stall while still on the ground. The stall can be and usually is split into 3 individual stalls allowing for first class, business class and coach transport. Most horses fly 3 per box and the pricing at that time was approximately 7800.00. The box stall is filled with horses and then the entire stall is lifted and placed into the belly of the plane. A few seats are present in the plane and arrangements can be made to fly back with your horse. I didn't realize this at the time so Teddy would have to fly without us. We scheduled his departure for the next Wednesday and we would still be in Germany for most of this time. This was a nice time to allow us to get to know Teddy over the next few days when the chaos of the auction had died down. It was interesting to watch all the "brender-up" style trailers pulled by Mercedes come to collect horses for rides to their new home. The barns quickly emptied to the few horses going to the U.S on the same plane out. The time for us to depart came too quickly and we kissed Teddy (now firmly his name) goodbye and left for home knowing he would be there shortly. Upon arrival we made the necessary wire transfer and then waited for his arrival to California LAX airport. Jet Pets is the receiving company and have to be paid for caring for the horse during the 3 day gelding quarantine. We were able to arrange all this through Guido Klatte including reservation and payment. Stallions and mares entering the country have to go to a separate facility called a CEM quarantine facility and have a longer stay.

Cost for mare quarantine is approximately $1950 and stallions are 4500 for the stay and testing. For geldings the cost is much less because they only need the 3 days with Jet Pets and all testing and paperwork can be completed prior to arrival by the transport company.

Teddy arrived in the U.S early in the morning and we received a call from Jet Pets advising us that he had arrived safe and sound. They would be taking his temperature daily to ensure he was not spiking a fever and if all went well they would release him in the expected 3 days. I was also able to get information on a local hauler from Jet Pets and arranged the hauling from LAX to Arizona. I received a call from Jet Pets daily regarding his status and on the 3rd day received a call that he had been picked up and was on his way home. We were overjoyed but had to continue to function as normal and work that day. After work I raced to the stable during a freak thunder storm and found that my trainer had already received him and placed him in his new stall. I entered the stall completely in awe that I was actually seeing him there and he turned around and presented his rear end to us! I wasn't sure what to make of this as this wasn't the Teddy we know and really he didn't have his ears back or seen angry. I rubbed his tail while thinking this over and he leaned in for a good long scratch. Teddy liked to have his bum scratched! It is a habit that he continues to this day. Any available object makes a good bum scratcher but he still likes us to do it for him. He was finally home and was the Teddy we remembered.

Jill M. Patt, DVM







Car auctions in Japan: an overview for importing cars

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Car importers know that car auctions in Japan are a great place to find low mileage, high quality used cars at good prices. My aim in this article is to help you understand these car auctions in Japan better so that you can make a good, informed decision about whether to buy from them or not, and how the whole process works.

Why consider buying from Japanese car auctions?

This is a good place to start. After all, right now where you sit reading this article is probably many thousands of miles away from Japan. So why would you want to import cars from a country so far away?

There are two excellent reasons to consider buying cars from used car auctions in Japan.

First of all, the selection is immense and you can view all these cars remotely online. Auto auctions outside Japan may typically have a few hundred used vehicles, but only the tiniest auction in Japan would have such a pitiful selection.

In terms of individual auction locations, we are usually talking about over 1,000 cars per location, and sometimes over 10,000 cars (in the case of USS Tokyo) all in one place and being auctioned there weekly. Put all these individual car auctions together on the Internet, and over 30,000 on a single day is really not at all unusual.

So there is a huge breadth of choice. But that is not all. There is also a great depth of quality. The fact is that Japanese people just do not drive as much as people in other countries. An excellent public transport system and high levels of neighborhood walkability, in addition to the simple fact that urban driving speeds in Japan are incredibly low, all works together to keep people from using their cars very much.

Then on top of this the Japanese are fastidious in caring for their vehicles and yet it does not take long before the car they have seems old to them and they want a new one.

So, cars that are low mileage and well maintained are a dime a dozen. But the ironic thing is that the Japanese themselves are really not into secondhand items, so they don't really want these used cars for themselves.

You can see where this is going: The car auctions in Japan have a great selection of great condition, low kilometer cars, but the Japanese people are really not that interested in buying them, so prices are relatively low and there is all the more opportunity for buyers from outside Japan to compete.

Car auction groups and locations in Japan

In Japan individual auctions are rare. They are usually part of a larger auction group. Here are just some of the more prominent groups:

USS
TAA (Toyota)
Honda
JU
JAA
CAA

USS Tokyo is the largest single used car auction location in Japan. This car auction runs once a week on Thursdays, and at peak season can have up to 20,000 vehicles all being auctioned on one day.

One auction group that does not have multiple auction locations (called kaijo in Japanese) is Aucnet, who hold their auctions on Mondays. Their model is a little different in that they do not have a physical auction house where all the cars are gathered.

Instead, they send out inspectors to car dealers who then keep their cars on their lots until they are sold. Since these dealers are still hoping to sell to a regular consumer at retail price, their reserve price at auction is often a little high compared with what a similar car might fetch at a regular auction.

How can you access the car auctions in Japan?

So far, so good. But wait a minute: How on earth are you going to be able to get a car from some used car auction way over there in Japan? You don't know anyone there. You don't speak Japanese. Even if you could buy the car, how would you ship it?

You need a Japanese car exporter to help you with this one.

Car exporters in Japan are set up to handle the process of bidding at the Japanese car auctions, transporting the car from the auction to the port, doing the paperwork and shipping the car over to you.

There are many car exporters shipping used vehicles from Japan, so this then begs the question of how you find yourself a good one. After all, we are not talking about trivial sums of money here, so it is vital you find one who is going to do a good job for you.

Here are some things to look for:

How many auctions can you buy from, and can you access them all from one place online?
Can you deal with a native English speaker who is also fluent in Japanese? (Nothing is more stressful than trying to overcome language barriers.)
Does this exporter offer professional translations of the car auction inspector's reports and help you really understand the condition of the cars in the auction?
Does the exporter in Japan have good communication skills, keeping you in the loop about what is happening with your vehicles so you don't worry?
Does the exporter work hard to ensure your cars get to you from the car auction in Japan as quickly as possible?

Who will bid for you at these car auctions in Japan?

In order to buy from a car auction in Japan, the first thing you need is to be a member of that auction.

This usually entails being a registered business in Japan as well as having property as collateral and having a guarantor. This precludes regular consumers accessing these car auctions directly, so they tend to be a place where Japanese car dealers and Japanese car exporters buy at wholesale prices.

Japanese car exporters are usually registered Japanese companies and therefore have access to the car auctions in Japan.

Japanese car auction vehicle inspections

Car auctions in Japan have a strict inspection regime. Obviously the quality of the inspection can vary a little between auction houses since they are independent companies, but in general the grading system they use is very similar and easy to understand.

The cars and other vehicles are registered for the following week's auction, after which they are inspected by inspectors who are qualified mechanics.

Now, it is important to bear in mind that these inspections are very thorough, but they do not involve any dismantling of the vehicle, nor do they involve test-driving it. They will often pick up mechanical issues very well, although problems which would only come to light if the vehicle is driven at anything more than the kind of speed you would expect in a parking lot can be missed. This is no fault of the inspectors, just a limitation of an inspection that does not involve a road test.

The inspector writes his report on an auction sheet. He gives the car an overall grading as well as a grading of the interior quality. He also writes details of issues that he has found. Some comments he writes in Japanese, and then issues like scratches and dents that relate to the car's exterior condition, he writes on the "car map" - a diagram of the exterior of the car.

Remember you should not need to just rely on the overall grading when buying from Japanese car auctions: A good car exporter should give you detailed translations and help you understand what the Japanese car auction inspector has written on his report.

How does bidding work in these car auctions in Japan?

As we have noted above, only members of these auto auctions can actually bid. They do so in two ways: Either at the auction location (kaijo) itself, or online from anywhere.

The computer bidding system is the same whether bidding at the auction house on one of their machines or remotely online.

Bidding is very fast. Generally a car will be sold in anything from 10 to 45 seconds or so. The actual process may just look like pressing a button in a video game, but there is a real art to doing it right to avoid paying too much for a car - or equally letting it get away by holding back too much.

Sometimes cars will fail to meet their reserve price and bidding is stopped. It is then possible to make offers to the seller under the auspices of the car auction. Fewer cars sell in negotiation like this than are sold in live bidding. A good Japanese car exporter will handle the process of live bidding and negotiation seamlessly to get the best deals for his customers.

What happens after the car is won at auction?

After a car is bought at a Japanese car auction, the first thing that happens is that it is moved by car transporter to the port. Once at the port, the car waits to be loaded onto a RORO ship, or waits to be loaded into a container.

While the car is in transit from the auction, the car exporter will immediately start looking for bookings on the earliest ship, as well as doing paperwork to de-register the car and pass it through Japan-side customs.

Once on a ship, the car will take anything from a few days to over a month to reach its destination. This is mainly dependent on the distance of the destination country from Japan.

The car exporter will send the end customer the Bill of Lading, invoices, the de-registration document and any other documents that the customer requires for importing the car into his or her country. These import regulations vary from country to country so it is vital to check them before buying anything.

Conclusion

Car auctions in Japan can be a great place for car dealers and car importers around the world to find really good quality used vehicles at lower prices than they would expect to be able to find locally. The huge numbers of used cars in the Japanese car auctions that can be viewed online is another great plus.

The key to doing this successfully is to find a top-notch Japanese car exporter who both can communicate well, and also steer you safely through the process of buying from the car auctions in Japan.







Information about professional police Auctions government & resource auctions

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Police Auctions Information:

No, a police auction is not where you go to buy a policeman. Most people do not realize that police agencies, including local police departments, county sheriff departments, as well as state and federal law enforcement agencies end up with a lot of confiscated, lost, or abandoned property. This property ends up in the agency's possession as the result of arrests, forfeitures, and just plain carelessness on the part of the property owner who sets a camera down in some public place and walks away.

Once the agency has accumulated enough property they will hold a police impound auction. The purpose of the police impound auction is two-fold. First, they want to empty out their property rooms which, in the case of some state and federal agencies, may be the size of a warehouse. Second, they want to turn this unclaimed or forfeited property into cash. This cash usually goes back into the agency's budget, but it is sometimes earmarked for the particular government's "general fund". No matter where the money ends up, police auctions are usually a big money raiser for larger departments.

Forfeited Property & Police Impound Auction:

Items that fall under this category are usually the creme de la creme of the police auctions industry. This is where you can find anything from motorcycles and cars, to boats, airplanes, and homes!

Forfeited property is generally the result of drug arrests where it was determined that the seized property was either used in the commission of drug-related crimes, or was purchased with money that was received as the result of a drug-related crime.

When you bid on this type of property at a police impound auction you are agreeing to accept the item "as is". You need to be aware that the term "as is" does not simple refer to blemishes or minor damage. If, for example, you buy property at auction, and that property has tax liens placed against it, you will be expected to clear those liens before you can take rightful ownership. The same holds true for mortgages or car loans.

You can find some real bargains at police auctions for this type of high-value merchandise but you need to perform your due diligence so you don't end up in red ink after the transaction.

Unclaimed & Abandoned Property:

You would be shocked at what kind of property that people either lose or simply walk away from. You would be equally shocked at how many honest people find that property and turn it into the police department. Ultimately, if no one claims the property, and the owner cannot be otherwise be located -- it ends up at a police auction where it is sold to the highest bidder.

Auction Process:

Most jurisdictions have specific laws, or ordinances, that deal with how the auction will be conducted. In almost every instance, the agency that is conducting the police impound auction is required to publish a full description of the items that will be auctioned as well as the date, time, and location of the auction. they will also publish payment terms which may be cash, money order, certified check, or any other payment method that they choose to accept. They will usually also publish additional terms such as how long you have to remove the property form the auction site once you win the bid, plus any legal disclaimers that the lawyers think need to be mentioned. This publication is normally placed in at least one major newspaper that serves the area with in the law enforcement agency's jurisdiction.

The purpose of this publication is first: to notify the owner of the property that they have one last chance to redeem it before it is sold at auction, and second: to generate publicity for the police auction so that it will be well attended.

Depending upon the size of the agency, and the agency's experience conducting auctions, a police auction will either be run by the police department itself, another government agency that is responsible for fiscal matters, or an outside auction company.

The police auction might be held on the steps of the County Courthouse, a room inside of some government office, or a public arena. The location of the police auction depends a lot upon the size of the agency and how much property is being auctioned off.

Some police auctions require that you register as a bidder in advance, while others let everyone and anyone show up at the day of the auction. Bidders are usually allotted time to inspect the goods before the actual police auction begins. You should take advantage of this time because it is a very bad idea to bid on anything that you haven't had time to inspect.

Once the auction starts, you simply bid on the items that you want. Have a budget in mind and don't bid more than you're willing to pay. It's easy to get caught up in the bidding frenzy and end up paying far more than you intended to.

Police auctions can be fun and profitable. Especially police auto auctions. Watch your local papers for announcements, or contact the law enforcement agencies in your area and find out when they are running the next police auctions.

Government Auctions:

Insiders know where to find government auctions to buy homes, cars, boats, airplanes, motorcycles - even furniture, designer clothes and jewelry. The property available for public bidding at government auctions is often surplus goods the government no longer needs or confiscated as evidence in criminal cases. Since government auctions are not well publicized, insiders can buy goods for pennies on the dollar. Whether you want to find bargains for yourself, or to resell your purchases for a profit, government auctions are an effective way to increase your net worth and bottom line.

Own luxury goods at Wal-Mart Prices:

When the government auctions off property, all closing bids are final. Many people attending government auctions for the first time can't believe the prices! Everything you buy at the auction is yours to keep - no strings attached. With prices this low, it feels like your stealing it - only it is yours to legally keep, courtesy of the government. If you have champagne taste but a beer budget, attend a government auction. Rolex brands have sold for Timex prices. Why buy a Ford when you can buy a Mercedes for the same price? Traveling? Put away your checkbook at the discount luggage store. Go to a government auction and spend the same money for Louis Vuitton or COACH! You never know what a government auction will have, but it can always be yours for a price well below fair market value.

Starting a business with government auctions:

No organization in America buys more office goods than the government. Auctions are how they dispose of surplus goods no longer needed. Computers, desks, office chairs, AV equipment, copiers and trash cans - the government auctions them all off. Conserve your capital for operating cash and profits. Smart business people find the office equipment they need at government auctions. Imagine the thousands of dollars you could've spent on furniture and computers while you write out your check for pennies on the dollar at the government auction. Since our government buys the best, you know the auction will be loaded with bargains to keep your business humming along. When you are ready to start or expand your business the smart way, begin your office equipment search here at the auctions.

Making government auctions your business:

After attending your first government auction and experiencing great values firsthand, you may decide to start your own resale business. Many people buy cars for hundreds of dollars and resell them for thousands of dollars. Some people spend a day at a government auction procuring goods and bring them home to sell on their own. E-bay is a popular way for people buying goods at the government auction to resell them right from home. Without a retail store, you can save thousands in business expenses during the year. Your on-line business you can create with government auctions is limited only by the size of your garage! Become a power seller!

You "Don't Need Experience" to bid at a government auction

If you can hold up a bidding number, you can win at a government auction. Of course, with any auction, you will want to inspect the items you are interested in buying before the bidding begins. If you are interested in a computer, but could not turn it on to see if it worked, how much would a non-working computer be worth to you? Since all sales are final, there are no returns. Avoid disappointment, and don't bid on anything you can't personally inspect. Government auctions provide amazing values, but don't lose your common sense in all the excitement. Know how much the property is worth before the auction begins, and your experience at the government auction will be a positive one.