Consigning to Auction
In consigning property to auction, the seller retains ownership until the successful sale of the item at auction. When property is consigned to Elite Auctioneers,LLC for auction, we devote the expertise of our specialists and professional staff to achieving an outstanding price at auction.
After reviewing the auction estimates, the next step in the consignment process is to review a Consignment Agreement for your property. Points to be reviewed include assigning an auction date for your property, sales commission, insurance charges and policies, photography and shipping fees, and any use of name that you permit us to use in advertising or printed catalogs. Complete confidentiality is assumed unless otherwise noted on the Consignment Agreement.
Delivering Your Property
Once the consignment agreement and pre-sale auction estimates have been discussed and agreed upon you make an appointment to bring in your property or we can assist you in hiring one of our recommended third party shippers.
Pre-sale Confirmation of Estimates
Communication is an essential part of the selling process, and our staff will confirm auction estimates and catalog descriptions shortly after the property arrives at our gallery. A final receipt will be mailed to your home for your records. Any changes or additions may be discussed at this time.
Post-Sale Results and Settlement
You will be contacted after the auction with the results of the sale. Settlement checks and statements are mailed out thirty to forty-five days after the auction per the Consignment Agreement.