Our Auction Blog

Auction Gavel on Dollar Bill

The auction process is fast-paced and can seem overwhelming to someone who has never attended one before. At Dakil, we strive to ensure all of our customers, first-time and returning, feel comfortable in the auction process.

The two major points of confusion and potential intimidation for auction first-timers are the roles of the employees during an auction and how the bidding takes place. Dakil Auctioneer Barrett Bray breaks down both in order to make understanding the auction process as simple as possible for a newcomer.

The Roles of Auction Employees

“There are two main types of auction employees that assist with the bidding,” Bray said. “The Auctioneer and the bid spotters.”

The role of the auctioneer is to lead the auction. They talk in a fast-paced manner, informing the buyers who are currently in the lead, and encouraging them to bid more.

“A lot of people worry they won’t understand the auctioneer because they are speaking so fast. We make sure that our auctioneers speak as clearly as possible, so that everyone understands,” Bray said.

The auctioneer isn’t the only one taking bids and scanning the audience, however. He also has multiple bid spotters, also known as ringmen, helping him keep track of who is bidding and how much.

“The bid spotters communicate information to the bidders, answer bidder questions, and alert the auctioneer of new bids in their section,” Bray said. “If you ever need any sort of clarification or have a question in the middle of an auction, a bid spotter can help you.”

auction money

The Bidding Process

The auctioneer and the bid spotters try to make bidding go as smoothly as possible for the bidder. However, in a busy auction, it’s still easy to get confused on how to bid and for how much.

“The auctioneer tries to get the best available price for the items, and get it as quickly as possible,” Bray said. “Bidders should be aware to be polite. It’s not a garage sale, so they are expected to bid quality prices.”

The auctioneer bids the prices in $25 increments. For example, if the current bid was $100, the auctioneer would push for a $125 bid. The least an auctioneer will take is half of the increment they are asking for.

It is a common misconception that any movement as much as a cough or a stretch can count as a bid. This is not true – only legitimate bids are accepted via an obvious flash of the bid card.

“We will only take legitimate bids,” Bray said. “You need to just show your bid card. We won’t let you accidently make a bid.”

During the auction, the auctioneer and the bid spotters are busy keeping track of new bids, so they do not have time to take formal minutes and records for the auction. A clerk is the gatekeeper of the records, and keeps track of who is buying what and for how much.

“The clerk is very busy, so he cannot be distracted,” Bray said. “Don’t bother the clerk; if you have questions, refer to the bid spotters.”

It’s also important to keep in mind that everything in an auction is sold as is – after it’s purchased, it is non-returnable.

“Always research the items you are purchasing. Auctions are all buyer-beware,” Bray said.

You don’t have to be a seasoned bidder to participate in a Dakil auction. We want to make sure all of our bidders feel welcome in the auction process. For more information on how auctions work, visit our Auction 101 page, or contact us today.

Guns lined up for a gun range

When Cabela’s announced they would be opening a new location in North Oklahoma City, Barry Bryant, owner of Heartland Outdoor in Edmond, decided it was time to liquidate his gun range business. Although he didn’t know where to begin, he connected with Louis Dakil and knew that he could trust Dakil with the auction process.

With all that needed to be auctioned, Bryant felt overwhelmed. Heartland Outdoor carried a variety of products that fell into several different categories, but fortunately, Dakil Auctioneers was able to ease the stress of the logistical challenge.

“They did an awesome job because of the way they came in and sorted the products together and had everything in files,” Bryant said. “They put in a lot of work into the presentation as well. I could never have done the work that they did to present everything in such a great way for the buyers and get it sold quickly, and for great prices.”

Dakil Takes Care of the Work So You Don’t Have To

Through Dakil’s marketing processes, Heartland Outdoor’s auction was able to attract customers from all over Oklahoma and in other states as well.

“They brought people from Oklahoma, Missouri, and states even further than that to my auction,” Bryant said. “It was very successful.”

The liquidation was an emotional process for Bryant – it was painful for him to let some of his cherished items go to auction. Dakil kept this in mind and reassured Bryant that the majority of the work would be taken care of, so he would not have to be heavily involved if he did not wish to be.

“Dakil auctioned off the guns one by one and dealt with all of the paperwork themselves,” Bryant said. “I didn’t have to do anything, they did all the work. Louis Dakil was there every step of the way and even said a prayer with me before the auction. I probably got 70 cents on the dollar for every piece of inventory that I auctioned with Dakil.”

Barry Bryant Quote about making 70 cents on the dollar for his items with Dakil

Not only did Dakil provide support to Bryant and Heartland Outdoor in an emotional time by taking care of all of the work, Heartland Outdoor also reaped a significant return on the value of their items, resulting in a successful auction.

For more information on how Dakil can help you with your business liquidation auction, contact us today.

Dakil marketing an auction in the newspaper classifieds

At Dakil Auctioneers, not only do we host some of the largest auctions in Oklahoma, we also market our auction products widely and thoroughly to ensure that even the most niche products are sold at competitive prices.

We market our auctions and products three different ways — directly, through print, and digitally. This way, we can ensure all parties that could be interested in the specific auction products are notified of the auction. We’ve broken down our marketing process for you to show you how sending your items to auction with Dakil means they will be seen by thousands of potential buyers.

Print Marketing

Using our partnership with the Oklahoma Press Association, we are able to run newspaper advertisements for our auctions in a wide target of areas within Oklahoma and the region. Because many of our auction attendees avidly read the newspaper, our classified advertisements in the auction section are well-read and bring in many regular and new attendees to our auctions.

We also place print advertisements in various trade magazines across various industries so that avid followers of a certain industry are aware that an auction of pertinent items is coming up. These magazines attract customers from all over the country – not just Oklahoma.

Many of our larger auctions also get featured in newspaper write-ups as well, which are typically much larger than classified advertisements.

“If you walk into our building, newspaper pages filled with stories of our large auctions cover the walls. It really provides great PR for the upcoming auction and brings in a lot of attendees,” said Barrett Bray with Dakil.

Direct Marketing

What makes us unique is our way of directly marketing our auctions to potential buyers. Over the years, Dakil has collected a completely organic list of thousands of interested buyers and previous auction attendees. This list is divided into more than 100 auction industry categories. Whenever an auction for a specific industry is coming up, we alert the people on that list in that category via e-mail and direct mail to ensure that they are notified.

We also pull listings of similar companies who might be interested in a specific industry auction. Similar industry businesses are always looking for a great way to enhance their business, so notifying them of an upcoming auction in their industry brings great attendance.

Woman typing on a laptop

Digital Marketing

Lastly, we market our auctions to potential buyers digitally. Our website received one million page views just in 2016, and it is constantly updated with our upcoming auctions. We also advertise our upcoming auctions via social media, like on our Facebook page.

To see what auctions are coming up that might interest you or a business owner you know, view our upcoming auctions list. Interested in putting your items up for auction with us? Contact us today.

 

Auction set up

2016 was a big year for Dakil. From business liquidation auctions to educating first-time clients about the benefits of auctions, we have been committed to customer service every step of the way. Here are just a few of our favorite educational blogs and client spotlights from this year.

Hidden Household Gems You Can List at Auction

Selling household items can be stressful – especially if you are trying to sell multiple items. Craigslist and eBay can work if you’re trying to sell one or two items, but once you start trying to sell multiple things, it can become a hassle. That’s why auctioning these items comes with many benefits – like appraisals, logistics, and prep work done for you. You might have more items in your household suitable for auction than you think!

Three Decades of Community Impact for Dakil

Did you know Dakil has been in business for 33 years? In 1983, Louis and Susan Dakil quit their jobs and started a business that became a national industry leader.

Prepping Your Items to Get Max Value at Auction

Taking the extra time to prepare your items for auction can be the very thing that makes you more money at the end of it. Take advantage of these ways to maximize your selling price and have a successful auction.

Business Liquidation Auctions in Oklahoma: What You Need to Know

Whether you need to sell items from your business liquidation or are looking to buy, auctions are the most effective way to get what you want. Our comprehensive auction guide has everything you need to know so that you can be prepared for any business liquidation auction.

bmw at a car auction

Selling Your Car for the First Time at Auction

There are a lot of steps involved in successfully selling a car, and it can end up becoming an extremely long process. Selling a car at auction can save you time and make you extra money as well – and it’s a lot easier than you’d think.

100 Gun Lot Up for Auction

In October of 2016, we auctioned off more than 100 firearms. We highlighted the history of these firearms within a timeline and told each gun’s unique story.

The Real Cost of Holding on to Used Equipment

Depreciation is what happens when an item decreases in value over time – and it could cost your business unnecessary money. Sometimes, selling your used items before their values go down and replacing them with new items can save your business money.

Client Spotlight: Auctioning a Trampoline Park

Selling niche items can be quite the task. How do you market those items to potential buyers and make them sellable? Dakil helped a local trampoline park sell their equipment through a successful auction.

 

2016 was a successful year for Dakil, and it’s all thanks to our wonderful customers. Here’s to 2017 being even better! Interested in auctioning off your items? Contact us today.

When Aaron Diehl was tasked with the challenge of selling all of the equipment for a local trampoline park in Tulsa, he had no idea where to start or who to turn to for assistance. There were concerns about transportation and about general interest level, and Diehl wasn’t sure how he could sell to such a niche audience. That’s when he called Louis Dakil.

“I was the manager for a trampoline park in Tulsa, and the owners wanted to sell the company,” Diehl said. “We needed to sell all of the trampoline equipment, but we didn’t know how to get started.”

“When it was suggested to take it into auction, we thought that would work best for us, but we had so much equipment the thought of transporting it was overwhelming. We called a dozen auction houses and nobody had the room to do such a large auction. When I called Dakil, they had the room for our auction, promoted it, and ensured that there was a good turnout so that we could sell everything.”

trampoline park

Dakil Auctioneers was able to help Diehl market his products to audiences that would be interested in purchasing them, which ensured higher sales.

“I had no clue how to market to those who would want this kind of equipment nationally. Dakil advertised to those interested in theme parks, water parks, malls, the entertainment realm, and it worked out fantastically.”

“I thought it was incredibly successful,” Diehl said.

“The fact that we had the turnout that we did blew my mind. The size of the crowd was so fantastic on such a niche market, and in addition to that, we had online competition as well! We had people who flew in from all over the country, and then even more online only. It really eased my worries about finding the people who would buy such a niche product.”

Even with the smaller niche market interested in trampoline park equipment, Dakil was still able to ensure a good sale for Diehl and his team – with a quick turnaround.

“Dakil even helped coordinate getting all of the items out after purchase,” Diehl said.

“Dakil’s crew did the impossible. They have this down to a science. Louis Dakil is a master at what he does. I’ve met with him many times about the auction, and he made me feel prepared and I knew exactly what I was getting into. I felt like he was my professor in business ownership – he and his team are absolutely amazing.”

Would you like more information on how to auction your goods to those who might need them — even if you think you have a small audience? Contact us today.

Business owners incur plenty of costs. From employee salaries to rent to equipment — the list goes on and on.

One thing businesses might not think about is the depreciation of their equipment. Do the old computers your employees use cost your business unnecessary money? Should you have sold that construction tractor three years ago and purchased a new one before its service life ended?

Depreciation can be described as the decrease in value of an item over time, typically due to age and the condition of the item. By knowing the service life date of common residential and commercial items, it will show how fast the item depreciates and that old used truck is costing your business more money than it’s worth. (more…)

100 gun lot at dakil auctioneers

Rare guns are regularly sold at auction across the nation, and we’ll be auctioning off a lot of over 100 firearms, each with a unique story, at an auction Friday, October 14.

While each gun has a story to tell, stories from seven of the models up for sale are too good not to share. From being favored by a president, a few that played a role in making great strides for firearms, and one valued at a pretty penny, these guns have played a big part in our country’s history. (more…)

Close up of a man holding car keys and a car in the backgroundFor those who haven’t sold an item at auction, it may feel like an overwhelming and intimidating experience. However, it shouldn’t.

Selling your car at auction is a wise, timesaving, and profitable way to get rid of an unwanted vehicle. Whether you’ve got a car sitting around that hasn’t been driven in a while or you want to purchase a new or new-to-you car, our team at Dakil Auctioneers, Inc. is ready and willing to help you get top dollar for your vehicle.

We’ll teach you the steps necessary to prep your car for auction and the terms used when your item is on the auction block. (more…)

close up of antique gunsOne interesting thing about buying a gun at auction is the history or story behind the firearm. From famous gunsmiths, historical figures, and more, each gun has a unique story.

Below we’ve compiled five rare guns sold at auction and the stories that make them irreplaceable.

 

(more…)

Empty office desk and chair

Two of the main forms of liquidation auctions held at Dakil Auctioneers, Inc. are for restaurants and businesses. We recently covered what home chefs and restaurateurs should know before attending a restaurant liquidation auction, so as a follow up to that, we will discuss what buyers and sellers should know when going to a business liquidation auction. (more…)

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(405) 751-6179

Upcoming Auctions

May
25
Thu
6:00 PM May 2017 Real Estate Auction
May 2017 Real Estate Auction
May 25 @ 6:00 PM
Date & Time Thursday, May 25th, 2017 – 6:00pm Location & Directions Auction To Be Held At: Dakil Auctioneers, Inc. 200 NW 114th St., Oklahoma City, OK Sale Information Registration will begin at 5:00pm on[...]
Jun
8
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10:00 AM Day’s Wood Products
Day’s Wood Products
Jun 8 @ 10:00 AM
Day's Wood Products
Date & Time Thursday, June 15th, 2017 – 10:00am Location & Directions Real Estate and Some Items Located At: 220 S Earl Pauls Valley, OK Auction To Be Held At: Dakil Auctioneers, Inc. 200 NW[...]
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10:00 AM Balco, Inc.
Balco, Inc.
Jun 9 @ 10:00 AM
Balco, Inc.
Date & Time Friday, June 9th, 2017 – 10:00am Location & Directions Items Located At: 5551 NW 5th St Oklahoma City, OK Auction To Be Held At: Dakil Auctioneers, Inc. 200 NW 114th St. Oklahoma[...]
Jun
15
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10:00 AM Industrial Axle Co.
Industrial Axle Co.
Jun 15 @ 10:00 AM
Industrial Axle Co.
Date & Time Thursday, June 15th, 2017 – 10:00am Location & Directions Real Estate and Some Items Located At: 307 A Street Seminole, OK Additional Items Located At: 301 N Kennedy Shawnee, OK Auction To[...]