Why to sell at auctions?

27/10/2021

There is no doubt that selling jewelry, diamonds and valuable items can be a confusing and unclear issue.

Especially when it comes to valuable items, the most frequent questions are – How to sell, how to price the item and to whom to sell it.

Can an auction be the solution?

In fact, auctions can have several distinct advantages:

Price – Unlike a private sale where the buyer negotiates to get a better price, at auction, buyers suggest the price they are interested in buying, and once there is an item with high demand, the offers are growing and so the price is increasing.

The item is sold exclusively to the buyer who made the highest bid and won the “buyers’ war”, so the item reaches its maximum price.

Minimum price – the seller will always be protected by the “minimum” price, which is a secret price set between him and the auction house.

The item offered for sale will not be sold for less than what is set as the minimum price and thus it will ensure the seller expectations.

Time – When selling an item privately, it is difficult to know when the item will be sold, if at all, and in how long you can replace it in money.

On the other hand, at an auction you will know the exact day on which the sale takes place, as well as the date of payment.

Effortless selling – Selling jewelry privately involves a lot of effort, such as: advertising the items, handling inquiries, meetings with interested parties, etc.

When auctioning, the auction house saves you all the effort involved in selling your items and takes on himself all work in the most professional manner.

Confidentiality – The auction house maintains complete anonymity for sellers interested in selling valuable items, without being exposed.

Rare Items -Tzoffeys 1818 auctions feature rare items and a wide variety of merchandise, which attracts buyers and collectors from all over the world and thus increases the exposure to the auction and the chance of your items to be sold at maximum price.

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