Sotheby's’ Post

Mastering the art of bidding: essential strategies for success at art auctions

Thinking of selling your property? Look no further than South Africa's premier auction house, The High Street Auction Company! Did you know that auctioning your property can offer several advantages over private treaty sales? Here are just a few benefits: - Quick sale times: Our auctions typically sell properties within 4-6 weeks, that's if we don't sell it pre-auction. - True market value: Our auctions determine the true market value of your property, ensuring you get a fair price. - Only serious buyers: Our auctions attract motivated and serious buyers, eliminating tire-kickers and window-shoppers. - Non-suspensive offers: Our auction sales are final, eliminating the risk of sales falling through due to failed financing or other contingencies. - Buyer's commission: In our auctions, the buyer pays the commission, not the seller! - Reduced exposure time: Properties tend to get lost on the open market, but our auctions create a sense of urgency, selling your property quickly and efficiently. - Voetstoets: Our auction sales are sold "as-is," eliminating the need for costly repairs or renovations. - And, there's no ceiling on how much you can achieve on auction! As South Africa's premier auction house, we guarantee a secure and efficient process that gets you the best possible price for your property. Don't wait - auction with us today! https://lnkd.in/dq5WCFT5

2023: A SEVERE DOWNTURN IN WATCH AUCTIONS According to the Hammertrack figures, the 2023 results for watch auctions show a severe downturn after the record results of 2022. Global watch auctions from Antiquorum, Bonhams, Christie’s, Phillips (in association with Bacs & Russo), Polyauction and Sotheby’s reached a Total value of CHF 610.0 million in 2023, falling by 13%, after a record 2022 year. Sales were down in the top three auction locations (Geneva, Hong Kong and New York), despite a better last quarter at +8%. Performances were mixed among auction houses. ✅Access the latest edition of the HAMMERTRACK report on : https://lnkd.in/dG3Yryd5 TAKEAWAYS: ➡️ 2023: A SEVERE DOWNTURN IN WATCH AUCTIONS. ➡️ STRONG RESILIENCE OF THE MILLIONAIRE LOTS. ➡️ NEW WORLD RECORDS. ➡️ AMAZING RISE OF THE INDEPENDENTS. ➡️ LESS REMARKABLE WATCH AUCTION EVENTS. ➡️ CHRISTIE’S AS NEW LEADER. ➡️ GENEVA’S: TOP CITY FOR WATCH & JEWELLERY AUCTIONS . ➡️ ENCOURAGING REBOUND IN THE FINAL QUARTER #watchretail #retailing #hammertrack #sothebys #christies #antiquorum #phillips #bonhams

Have you ever experienced a live auction? Share your story in the comments below! Got more questions? Let us know, and we'll create more videos to answer them! Get a sneak peek behind the camera to see the auction process from the perspectives of our absentee, phone, and online bidders. In this video, you'll gain exclusive access to the inner workings of our auction system and learn how we ensure a seamless experience for all participants. When a bidder signs up for a phone bid, one of our staff members will call the bidder several lots before the item comes to the podium to allow time to review the process. During this call, our staff will go over the guidelines and make sure the bidder is settled in. The most crucial part of this process is a quick and clear YES or NO from the bidder to execute the bid. Bidding moves quickly, and any delay might mean the bidder misses the opportunity to bid. Our team acts as the bidder's agent, advocating for them with precise and timely actions. This video tutorial provides an in-depth look at how our absentee, phone, and online bidding systems work together to create a dynamic and exciting auction experience. Whether you're a seasoned bidder or new to the auction scene, this behind-the-scenes tour will give you valuable insights and tips for your next bid. Don't miss out on this opportunity to see what happens beyond the auction floor! Thomaston Place Auction Galleries is a renowned auction house specializing in fine art, antiques, and decorative rarities. Known for our commitment to excellence and personalized service, we connect sellers with discerning buyers from around the world. If you're a first-time bidder, don't worry! Signing up is easy and our friendly staff will guide you through the entire process. Simply visit our website, register for an account, and choose your preferred bidding method—whether it's absentee, phone, or online. Our goal is to make your bidding experience as smooth and enjoyable as possible. #AuctionLife #BehindTheScenes #LiveAuction #AuctionBidding #PhoneBidding #OnlineBidding #AuctionTips #BidLikeAPro #AuctionProcess #ExclusiveAccess #AuctionTutorial #BidderGuidelines #AuctionExperience #SneakPeek #AuctionInsights

🏡 Auction Tips: Keep Your Cool and Stick to Your Budget 🏡 Heading to an auction this weekend without a buyer's agent? Remember, auctions can get wild, but it's crucial to stay within your budget and not get swept up in the frenzy. 📞 Kevin: 0438 461 269 | 📧 hello@parkerhadley.com.au #AuctionTips #RealEstateAdvice #PropertyBuying #StayCalm #BuyersAgent

📢 Understanding Property Auction Guide Prices: Insights from Auction Director Perm Daley 🔨 We recently sat down with our Auction Director, Perm Daley, to demystify the concept of guide prices in property auctions. Here are some key takeaways ➡️ https://lnkd.in/eyjSYPsc

Unlocking the secrets of art auctions: a step-by-step guide to successful bidding

🏡 Auction Tips: Keep Your Cool and Stick to Your Budget 🏡 Heading to an auction this weekend without a buyer's agent? Remember, auctions can get wild, but it's crucial to stay within your budget and not get swept up in the frenzy. 📞 Kevin: 0438 461 269 | 📧 hello@parkerhadley.com.au #AuctionTips #RealEstateAdvice #PropertyBuying #StayCalm #BuyersAgent

With Harcourts Auctions, no additional auction fees are payable by the seller or buyer – the auction platform is courtesy of the listing agent. #rethinkrealestate #auctionswork #auctionsredefined #transparency #luxuryauction #propertyauction #fulldisclosure #harcourtsauctions

Mastering the art of bidding: essential strategies for success at art auctions