What is the auction house?

Auction house is a company that performs auctions. Most auction houses specialize in auctions of specific types of objects such as Sotheby's, which processes fine art. Everything can be sold in auction, from food commodities to real estate, and auction houses can be found around the world that treat items from large to small items. The use of auctions for the sale of items is ancient practice and some auction houses are very honorable.

In the auction house, the buyer and the seller are provided full service. The buyer is approaching the auction house with an item he wants to sell, and the auction house prepares an estimate, determines when the item should be auctioned, sells auction and performs a public session in which people can check the item. On the day of sale, he sells an auctioneer who works for the auction house, and the auction house takes money from the buyer, collects commission and hand over the rest to the seller. The house also sleeves secure storage of the item and can provide transport on request from the buyer.

There are a number of advantages of using the auction house rather than trying to sell the item privately or try to organize a community auction of items. Auction houses have a large number of expertise, with auctioners who are qualified to win the best price. They also have a huge marketing influence that exposes items for sale to potential buyers, increasing the potential price of the item. Auction houses also offer services such as verification and security that can be expensive or difficult for sellers.

items sold by the auction house can be sold at a live auction in which applicants are present, online auctions, telephone auctions or in a mixture of three. A number of different types of auction can also be offered. Auction houses can organize closed auctions for specific items, usually require a fee from applicants to indicate that they are serious and avoid situations in which applicants try to retreatFrom the purchase, and can also organize public auctions that are open to everyone.

Some types of auctions that can be solved by auction houses include antique auctions, real estate auctions, government auctions, auctions of art and livestock auctions. It is important to choose the right auction house for the item to ensure that it gets the best price. Especially for special items such as Art, it may be useful to find an auction house with an internal specialist who specializes in the sold style of art. For example, a Greek or Roman statue should be processed by a company with an antique expert.