The best illustration of the benefits of an auction with Bailey Auctions, is to compare our auction method to other sales methods. How many of you have ever been to a garage sale or yard sale? How about a swap meet or open market sale? We're sure all of you have been to a community event or fair where there are a number of booths featuring items for sale. All of these sales are approaches people use to market and dispose of their property, and make some money.
When compared with auctions, these types of sales are not in the same ballpark. They serve a purpose and are quite popular, but if you're looking for the best and most efficient way to sell your property, nothing compares to an auction.
Garage sales, swap meets and these other types of sales are very time-consuming for the seller (including the prep time, the time spent sitting and waiting for customers to come, etc.). Most of their marketing comes in the form of a cardboard sign stuck in the ground, and sometimes through a general ad that publicizes the event, but not always their particular items or booth. And when the sale is over, there are always a large number of items left. This is true, isn't it? How many of you have had a garage sale or yard sale, only to end up with half the items you had for sale back in your house? Or, you spend time and energy loading it all up in your car or truck and taking it down to the Goodwill store or local thrift store?
With an auction, the auctioneer and his or her staff take care of preparing items and estimating their fair market value. We professionally market the sale so that people from throughout the county, province, or even country will know about it. It is our job to create a competitive and entertaining atmosphere that attracts consumers to the sale. Hand gestures, eye contact with the crowd and our rhythmic "chant" stirs buyers and brings the sale to life. Through auctions, sellers can obtain the highest possible price, dispose of all their property and receive money for their goods, typically, all in one day.
Buyers have the opportunity to "shop" for unique merchandise and pay the price they want in the spirit of competition. All of these things separate auctions from other types of sales.
If you have never been to an auction or sold goods through the auction method of marketing, you're missing out on expertise, value, excitement and fun. It's one of the oldest and most popular sales methods today.