Liquidation sales and auction sales are two of the most common ways for a company to recover assets. Both types of sale are effective at helping a company maximize the value of surplus assets or assets that are sitting idle. However, there are a few differences between them. A liquidation sale is a good idea if you have some time and want to find a specific buyer, while an auction sale may be a better fit for a company that needs a quick recovery and has limited time. Let’s take a look at the two options, along with the benefits and drawbacks of each.
We’ve all heard the stories of people suddenly discovering they are sitting on a treasure. Maybe something purchased at an antique shop or auction turns out to be wildly valuable, or a collectible languishing in an attic ends up being a priceless work of art. It is the type of story that fantasies are made of, but it is also something that happens pretty rarely.
Still, it doesn’t hurt to find out what the things you are holding are worth. For one thing, knowing an item’s value can help you to properly insure it. Then, too, if you have an item you have just won at auction or purchased from a collector, you are probably interested in knowing whether you got a good deal. If, on the other hand, you are looking to sell some things, it is crucial that you have an appraisal so that you can set a fair price.
For many people, collecting glassware or dishes is an enjoyable hobby. Whether for decorative purposes or practical use, a certain satisfaction comes from owning unique or valuable dinnerware. However, while some antique china is worth hundreds of dollars, other sets are worth almost nothing. Here’s what to look for when determining the value of your collection and how much you could get if you sell it at auction.
This past year was another successful year here at Dakil Auctioneers, Inc. In 2022, we conducted more than three dozen auctions, including four heavy equipment auctions that featured nearly 2,000 combined items to bid on.
As always, there were plenty of unique and interesting auctions to come across. They say you never know what you’ll find at an auction, which is why we like to compile an annual list of our favorite and most memorable events. You can also take a look at our recap of the most interesting items auctioned off in 2022.
Auctions are known for unique, interesting, and sometimes weird items that end up selling for six or seven figures. Each year, these items make headlines for their peculiar nature. We decided to look back on what 2022 auctions produced that may make you scratch your head. Here’s what we found.
The concept behind an auction is straightforward: bidders submit bids for items, and the person with the highest bid receives that item. Beyond that, there are many nuisances involved with an auction, ranging from the types of auctions held to certain terminology used to describe aspects of an auction. This blog will explore some of the top questions people have about auctions.
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Bidding on a high-ticket item at an auction is thrilling. You’re competing with a few other participants as the dollar amount climbs ever higher. Soon, it’s just you and one other bidder. The price is beginning to exceed what you’re comfortable paying, but you can’t help it—you continue outbidding the other person until they finally concede the win to you.
But when the hammer falls, reality sets in, and you realize you actually have to pay. What if you change your mind or truly can’t afford to buy an item you won in an auction? Here’s what you need to know.
Auctions, when simplified, are just a way to sell goods or services in a competitive manner. From the seller’s perspective, they use auctions to get top dollar for their items. From the buyer’s perspective, auctions are a means to find a bargain.
How you get to the result can occur in many ways depending on the type of auction used. This blog will explore the various kinds of auctions, what makes them different, and how to decode the various terminology.
Move over stock market, collectors items such as sports memorabilia have become a popular alternative for people to invest in – both young and old. What was once valued as a $5.4 billion industry in 2018 has since ballooned to $26 billion due to the pandemic. Not only did people have more time to rummage through the attic or garage to find old gems that had been laying around for years, they also became more willing to invest in old-school items from some of sports’ greatest legends.
Although not all sports memorabilia is able to fetch top dollar to allow for an early retirement, the market is ripe enough for all sorts of items to be sold. The main question in all of this is how to know if your items have value and how do you find out what they’re worth? We will tackle these topics to prepare you to sell or auction off your sports memorabilia.
To the average consumer, stumbling upon a stamp collection in your grandmother’s attic may be just another pile of trash. To more savvy collectors, these stamps could be a potential gold mine. But how exactly do you know if your stamps are worth anything? This blog will help provide tips and information on how to determine their worth.
