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The basics on how to sell at auction.
"Welcome to the Rago Arts and Auctions Center. My name is Suzanne Perrault, I'm one of the partners here at Rago and co-director of the 20th and 21st century department.
How can I find out what my property is worth? You can request a free estimate of value by sending us photos of your merchandise along with all necessary information. You can email these to us at info@ragoarts.com or send them in the mail. You can bring your property in person to us at Rago's. We do free walk in appraisals on most Mondays between 1:00 and 4:00. You can set up an appointment with a specialist at any time.
If it's a large collection which we think we can use, our specialist will visit you anywhere you are. We'll advise you on what we would expect your pieces to bring and what the minimum selling price should be, also known as a reserve. We'll settle on the auction house's commission, too. The commission rate, a percentage held by the auction house to cover costs, depends on the size and the value of your consignment. Just so you know, Rago's does not charge an extra fee for photography and catalog and insurance. Many other auction houses do. You should know to ask about this.
I'm ready to sell. What happens next? Let's say you like what you hear and you want us to be your agent at auction. We will send you a contract with all the pertinent information that we discussed, which you will sign and send back to us. Then it's on to delivery. We can arrange to have your property picked up if that's helpful. Once your property is in our hands, our insurance takes effect. Once your property arrives at Rago, it will be professionally photographed, cataloged, and safely stored until it is out for the week long preview.
A month or so before the sale, a Rago specialist will put each item in order of the sale and give them a lot number. The catalog will go to press. We'll market your property with a combination of print and online ads, catalogs and promotional pieces. Our online catalogs alone reach over three million people before the sale.
During the week prior to the auction, your property will be on exhibition at the auction house. On the day of the auction, hundreds of people will be bidding in person, on the phone, and on the internet. When the lot that contains your property comes up, the auctioneer will open the bidding. Once the bidding stops, your lot is sold. Buyers have up to thirty days to pay us. We pay you in forty-five days, the hammer price less your commission.
Rago's is one of the top auction houses in the sale of 20th century design. We also sell post-war and traditional art, fine estates furnishings, silver, jewelry, coins, currency. We sell ethnographic materials and Asian art. We attract some wonderful property. Collectors, dealers and designers worldwide choose to bid with us. I think it's because we not only bring market expertise, but also a lot of enthusiasm and straightforwardness. We care about our clients and we want to do repeat business with them for a long time.
Thank you for taking the time to hear about how to sell at the Rago Arts and Auction Center. If you have any questions about selling or buying from us, please be in touch. We look forward to hearing from you."
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