How To Organize A Live Auction

Taking part in a live auction is about much more than profits; it’s simply a good time. Ready to schedule your own and be a part of the action? Choose an experienced auction house that takes care of every detail. You don’t want to be left with purchases that aren’t paid for or more than one buyer. Assess the items you plan to put up for bid. An experienced auction house will have an idea of which items will bring you the most profit. You will also want to market your live auction to ensure a good turnout. The more your advertisement is seen, the more chances you have of organizing a large crowd at your live event.

Choose an experienced auction house that takes care of every detail

Locate a reputable auction house to schedule your live event. The one you choose should have an impeccable track record, licensed auctioneers, and offer you the help you need to make your event a success as far as planning and advertising goes. Find out how many events the auction house holds every month and each year. Also, find out what their closing percentage rate is to get an idea of the house’s experience when it comes to auctions of different types.

An excellent auction house won’t leave you hanging with the details. They will help you with everything from finalizing sales to helping buyers load up their purchased items as well as dealing with sales tax. When you are looking for an auction house, make sure the one you choose offers assistance to help you tie up any loose ends and get everything taken care of in a timely fashion. You don’t want to be stuck with multiple buyers or purchases that aren’t paid for.

Assess the items you plan to put up for bid

What are you planning on selling at your live event? Evaluate your items and talk to the auction house about which pieces may fetch a higher profit. There is no way to know exactly how much money items will bring, but an experienced auction house will have an idea of which items are the most valuable.

Market your live auction to ensure a good turnout

Once you have decided which items you are putting up for bid, choose a day for your event and get the word out. Marketing and advertising is crucial to ensure people show up to your live event. Work with your auction house to put together a great marketing campaign so news of your event reaches far and wide, ensuring a great turnout.

For more information

Looking for an experienced auction house that will help guide you through your live event? Contact High Plains Auctioneers at (806) 244-6776 to find out everything you need to know about organizing your own live event and what kinds of items to sell. Browse our website to find out about our upcoming auctions. You can also drop us an email with your questions, comments, and concerns. We will help make sure your live auction is a success!