Secret Tip 1 – Value can hide anywhere!

I have a friend; he’s British, so this takes place in a small town in the English countryside. When he was a much younger man, he worked as a general dogs-body for an Auction House. Every time his boss visited a potential estate sale, he would always make an offer on all the books in the house. My friend assumed he did this because he had spotted a rare first-edition or an otherwise special book. But he was soon disavowed of this thought when, on returning to the warehouse, he witnessed the cunning buyer upending each book, flipping through the pages upside down, and discarding the books in a great heap. It turns out that before the prevalence of ATM’s people would slide bills between the pages of their favorite books. The tactic had apparently worked out for the buyer several times over the years.

Secret Tip 2 – You don’t know what you don’t know!

It is often the case that the precious items in an estate are often the least obvious. In fact, that’s secret number 2, experienced valuation experts and appraisers may see value where you don’t. It’s very easy to undervalue something if you don’t know how much a similar piece sold for, or recognize a giveaway feature that separates it from the humdrum.

Secret Tip 3 – Not all Palm Beach County Auction houses are as upstanding as you would wish.

This one is a bit depressing, I know, but not all people behave in the way you would want them to. Okay- this isn’t really a secret, but it’s still true.

Whenever there are people in a weaker position, there will be people looking to exploit them. The only antidote to this is to align your interests with those of the estate buyer and to work with ethical people (hint my boss Mark Neely is pretty great). And this is the final and most crucial secret; drum-roll, please…

Secret Tip 4 – Consignment

Yes, consignment or good old fashioned commission based sales. If you have any doubt about the value of a piece, offer to consign it to the auction house, appraiser or estate buyer. A reputable buyer will expect about a 30%-35% commission unless the piece is genuinely exceptional, in which case they may accept less.

For a complete guide to all the estate liquidation services we offer click here www.neelyauction/estatebuyers

Click Here to see our ”5 Essential rules for getting the most out of an estate Auction! (Jam packed with pro tips)”

We are all guilty of a little hoarding, some of us much more so than others. But it does seem to be the case that most of us like to hold on to objects that have had a special significance to us at one point. I still have every toy my grandfather made for me, amazingly detailed wooden market stalls, each replete with its own tiny wooden offerings, breads, and tiny perfectly formed vegetables. These precious things aren’t worth anything at auction; their value is all in my association with the fantastic craftsman that was my grandfather. However, this is not always the case; sometimes the things we save in the attic or basement can, much later in life, save us.

Here is a quick list of the unexpected places value can hide, born out of years of experience in helping families realize the maximum from their possessions at auction.

1. The library of opportunity!

Check the library, look for old books marked “First Edition” Look for books signed by the author or other celebrities. Some first editions have sold for over 50K. 2-Time is moving faster than anyone of us wants to admit. This means that the things you bought in your youth may already be collector’s items. We all know about the fortunes laying in dusty boxes of baseball cards, but did you know that numerous other household items have strong markets. From Atari consoles to movie posters, value can be hidden in the most familiar of objects.

2. Bring the Bling Bling!

Nobody overlooks gold. Its value is there on display, but what about its country cousin; silver. Silver is less flashy, but it is still valuable, and its popularity amongst the Victorian elite means fine silverware exists everywhere. Look carefully at any silver cutlery for stamped markings. Bring these items to the attention of your appraiser or estate buyer.

3. Childhood treasures.

Everybody knows that mint condition toys bring big money, but how many of us extend that thought to the humble board game. The first monopoly sets where designed to promote a sharing economy, the opposite of the strategy necessary to win the most current iteration. Find one of those first editions and your next vacation is taken care of!

Staying on the childhood toy theme, did you know that it is not just boys’ toys that have amassed value- Barbie Dolls and their associated accessories have also become quite valuable in recent years.

4. Tastes Change – all hail the Hipsters!

The Hipsters’ fondness for antiquated audio tech has created quite a vibrant market in old electronics. You old boom box may well be worth something in ten years or so.

The moral of the story is; there are just too many places for value to hide for a regular person to find. So, use an ethical appraiser. Or approach an Auction house and ask for their advice. Not all auctioneers are experts in everything, and if you ask them, they will happily tell you their areas of expertise.

Happy hunting

For a complete guide to all the estate liquidation services we offer click here 
5 essential rules for getting the most out of an estate Auction! (Jam packed with pro tips)

“How do auctions work?” “What is my furniture worth?” “How do I sell an estate?”

Neely Auction answers these questions on a daily basis. Many people have never been to an auction, and even those who frequent auctions may not have experience selling at auction. Here is an insiders-guide to making the maximum amount of money at Auction.

Step 1: Establish what the likely market value is of you stand out items.

Are they signed, do they have any marks or engravings- look for clues and use the internet to research other items that have sold – using a google image search often yields great results!

I also recommend joining the auction sites below to research your standout items, and while you there you can check out some of our previous auctions. Once you are a member of these sites, you will have access to the auction results of thousands of items like yours.

www.liveauctioneers.com/auctioneer/1243/mg-neely-auction

www.invaluable.com/auction-house/mg-neely-auction-4hqa6sti68

www.eBay.com

Caution!

Be wary of retail-based antique websites, as the prices advertised are typically negotiable and do not reflect true market value. Prices shown on these sites a good guideline for appraising an items’ value, but should be taken with a pinch of salt as they often exclude commissions and fees.

Step 2: How are you going to extract the value?

You have 4 basic option here:
• sell it to an antique buyer,
• sell the item as part of an estate sale,
• consign the item – this means that your auctioneer or estate liquidator will sell the piece for you for a percentage of the sale- normally between 30 to 35% of the sale.
• do it yourself with a tag sale.

Step 3: Should I do it myself or use an Auction House.

Now that you’ve established your item as having resale value, you can take the next step. For the purposes of this article, I’ll assume you’re liquidating an estate. However, the same logic applies to selling one or two pieces.

There are several ways to sell an estate. You can sell privately, with an estate sale or tag sale. This is essentially a yard sale, and is the most labor intensive option. You will need to advertise, organize, price, and inventory the items, in addition to recruiting friends or family to help you manage the sale. The risk involved with this method lies in the ability to mistakenly price items, either too high or low, and you are left with money on the table and the remnants to pack, donate or store.

Do you want to consign your estate?

In this scenario, you can find an auction house or consignment shop who will house, market, and sell your items for a commission.

A consignment shop is the best destination for gently used modern furniture and household goods. Before you consign, you should find out how long your item will be consigned, what the commission is, and how your items are priced. This avenue is great for items that are too modern or mass produced for an auction, but still have resale value.

Consigning with an Auction House is the best way to sell antiques, fine art, vintage decor, sculpture, art glass and other unique items.

Before you consign with an auction, you want to ask these questions:
Does the auction take place online?
When is the next auction?
What is your commission?

Auction houses who market online have the benefit of millions of potential buyers to view, bid on, and purchase your items for the highest market value. The fastest and easiest way to liquidate personal property is with an auction house who is willing to purchase the full estate for a cash value.

This is usually the method of choice for families who are out of state and have only a few days to settle their loved one’s estate.

This is also great if you need cash fast, and can’t wait for your items to sell to get paid.

Step 4: Sell, Sell, Sell!!!!!!!!!!!

The final step in downsizing or liquidating your assets is to find an auction house or consignment shop to take your piece. There are several ways to do this. Word of mouth is a great way to find a reputable business. Talk to your friends and neighbors, and you might be surprised at how many of them have bought or sold at auction or consignment. Take to the internet. Research, research, research! Try googling phrases like:

‘Estate buyer near me’
‘Palm Beach Estate liquidators”
“Palm Beach auction house’
‘Estate consignment shops Boynton Beach’

Be sure to ask these questions because you want to make sure you have the same expectations as the auction house or consignment shop:

Do they offer a free appraisal?
How long have they been in business?
Do they have a brick and mortar location where they host auctions?

You can view Neely Auctions on Live Auction here; www.liveauctioneers.com/auctioneer/1243/mg-neely-auction/

Very importantly! Do they have an online following?

Remember that the more people viewing and bidding on your items – the more likely they are to sell and the more money you will make from them.

You can view Neely Auctions on Live Auction here; www.liveauctioneers.com/auctioneer/1243/mg-neely-auction/

And at Invaluable.com here: www.invaluable.com/auction-house/mg-neely-auction-4hqa6sti68

For a complete guide to all the estate liquidation services we offer click here


click here To discover our 5 essential rules for getting the most out of an estate Auction! (Jam packed with pro tips)

I’ve given you a lot to think about, but I hope you have found this insiders-guide useful and that you can confidently select the best way to sell anything from one Antique to managing a full estate buyout or liquidation.

We’re always happy to answer any questions or provide expert guidance, so don’t hesitate to reach out to us today!

What are my antiques worth?

As 2018 ends, Neely Auction is celebrating eight years and 37 auctions held at our Palm Beach County auction gallery. Over 1,000 lots of gold and silver, sculpture, fine art, antiques and just plain interesting finds have made their way through our doors this year. If you’re wondering what your ‘stuff’ is worth, look no further than our 2018 Prices Realized Market Guide!

Jewelry

Fine Art

Sculpture

Lighting

Furniture

Art Glass & Pottery

Sterling Silver Flatware, Holloware, Fine China & Decorative Porcelain

Rare & Unusual