Pre-Service Preparation

Pre-Service Preparation

• Identify Auction Type: Determine if it is a live auction, online auction, or silent auction.
• Gather Inventory: Collect all items to be auctioned and ensure they are in good condition.
• Research Market Value: Assess the value of items to set appropriate starting bids.

During Service

• Set Up Auction Space: Arrange tables, chairs, and equipment to accommodate bidders and items.
• Display Items: Ensure all auction items are clearly labeled and displayed attractively.
• Engage Bidders: Provide assistance and answer questions to encourage participation.

Post-Service Verification

• Inventory Check: Verify that all items have been sold and accounted for.
• Finalize Payments: Ensure all payments are processed and receipts are issued to buyers.
• Follow-Up Communication: Send thank-you notes to bidders and update them on future auctions.

Local Requirements

• Licensing and Permits: Ensure that all necessary licenses and permits for conducting an auction are obtained.
• Tax Compliance: Verify compliance with local tax regulations regarding auction sales.
• Insurance Coverage: Confirm that adequate insurance coverage is in place for items during the auction.