Our Estate Auction Company Does It All!
Our estate auction company will organize, stage, advertise, and conduct your estate auction for you! Leave that critical job to us. An estate auction company is a business that specializes in organizing and conducting auctions for the sale of personal property, often from an estate. Legacy Auction Group & Realty is a full-service estate auction company with live auctioneer specialists able to help you with a downsize or move when you need it!
Estate auctions can involve many items, including furniture, antiques, collectibles, artwork, jewelry, and more. These auctions are typically held when someone passes away, and their belongings need to be liquidated, or when someone is downsizing or moving and wants to sell a significant portion of their possessions. The estate auction company is responsible for various aspects of the auction process, including cataloging and appraising items, marketing the auction to potential buyers, setting up the auction event, conducting the auction itself, and handling the financial transactions involved in the sale. Some estate auction companies may specialize in specific types of items or cater to markets such as fine art or antique furniture. Here are the key aspects of their role:
Cataloging and Appraisal: Estate auction companies assess and catalog the items to be sold. This involves identifying, describing, and appraising each item to determine its value. This step is crucial for setting appropriate starting bids and reserve prices.
Marketing and Promotion: Estate auction companies are responsible for creating awareness about the upcoming auction. They use various marketing channels to reach potential buyers, including online platforms, print media, and other advertising methods. Effective marketing helps attract a diverse pool of bidders.
Auction Setup: Whether a physical auction house or an online platform, estate auction companies arrange the venue and set up the auction environment. Physical auctions include organizing items for display, arranging seating for attendees, and ensuring a smooth flow during the event.
Auction Conduct: During the auction, the company manages the bidding process. Auctioneers or online platforms facilitate bidding, and the estate auction company ensures a fair and transparent process. They may also handle any inquiries from potential buyers and provide information about the items being auctioned.
Financial Transactions: Once an item is sold, the estate auction company manages the financial transactions. They collect payments from winning bidders, deduct any applicable fees or commissions, and ensure that the proceeds are distributed to the estate or consignor as agreed.
Post-Auction Services: After the auction, the company may assist with logistics such as item pickup or shipping. They provide detailed records of the transactions, including the final sale prices, to the sellers.
Compliance: Estate auction companies must adhere to legal and ethical standards. This includes compliance with auction regulations, transparent business practices, and fair treatment of both buyers and sellers.
Specialization: Some estate auction companies specialize in certain items, such as fine art, antiques, or collectibles. Specialized knowledge in these areas can enhance their ability to appraise and market-specific items accurately.
Needing auction services means you need professional and knowledgeable representatives working for you. Our estate auction company assists clients with auctioneer services, professional estate sales services, business liquidations, benefit/charity, storage units, real estate, antiques & collectibles, farm equipment & machinery, and numerous other types of auctions. We've got it handled no matter what auction services you need. We have the marketing capabilities and experience to generate top dollar and global exposure for your property. Serving major companies, US Bank Trust Department, attorneys, executors, and many more clients. Another essential thing to mention is that Legacy is fully licensed, bonded, and insured in Kansas and Missouri.
A professional estate auction company can take your events to the next level, increasing the money raised for you or your business. Legacy Auction Group and Realty have your back for whatever auction services you need! Based in Kansas City, we also service the areas of Lee’s Summit, Independence, Blue Springs, and Lawrence, KS. Our main goal is to educate and make this transition period as smooth as possible for you. Contact us at (816) 820-3313 or visit our website to schedule a FREE consultation today.
