SOUTHSIDE AUCTION CO. - ON-SITE / ON LOCATION AUCTIONS: WHAT DOES IT COST?

ON SITE / ON LOCATION AUCTIONS

In a Home, in a Skyscraper or even on a Farm ...
We Can Sell Anything, Anywhere, Anytime!

In certain cases, our company will conduct its sales "on site" or "on location" rather than at our auction house in Tulsa, Oklahoma. Public auctions conducted in or near a residential home or commercial business location may be the result of the auctioneer's decision and/or a request by the consignor(s).

Sometimes it is best to conduct a sale in the consignor's home or business and sometimes it isn't. As an experienced auction company, we make it clear to the consignor(s) what must be done to ensure high attendance and successful results at each and every auction. Specialized local advertising, pre-sale cleaning, set-up and display, crowd control, parking, post-sale clean-up, etc. are all factors to be considered prior to the conduction of an auction on-site. We are well-experienced in the orderly conduction of on-site auctions from beginning to end.

WHAT DOES IT COST to SELL MY ITEMS
ON SITE / ON LOCATION?
(Items sold at a residence, commercial location, etc.)

We always operate on a flat rate commission basis. All advertised commission rates are the percentages paid to our company based on the final sale price of your item when sold at public auction. Since every on-site auction is different, our commission rates will sometimes vary or we may request that the consignor pay for additional services (in part or in whole). In general, our flat-fee commission rate is usually fixed between 20%-30%. All items selling below $35.00 will usually be subject to a 50% commission rate.

If additional charges are incurred as a result of excessive advertising, labor, packing materials, fuel, etc. our company will assume these additional charges. We never hold the consignor responsible for additional charges if they do not know about such charges in advance. We are an honest company and we have simple contracts -- no fine print, no clauses, no trickery.
When we tell the consignor what the costs will be, that's what they will be!

Factors that may affect our commission rate or require additional charges may include some of the following:

1) LOCATION
If you live outside Tulsa County, a minor fuel surcharge may or may not be applicable. If you live in a rural area that has limited access, additional charges may or may not be applicable. 99% of the time fuel costs and location are not a problem and do not result in a higher commission rate or additional charges to the consignor, but we have had a few cases over the last 50 years that were exceptions to the rule. If we feel that the commission rate needs to be adjusted or that additional charges will be applicable as a result of fuel costs and location, we will inform the consignor before they sign the contract.

2) LABOR INVOLVED
The extent of service required before, during and after the auction can sometimes affect our commission rate or result in additional charges to the consignor. Clean-up, re-location of consignments, repairs to consignments, etc. are just a few of the additional services that may affect the commission rate or result in additional charges to the cosignor. 99% of the time factors such as these do not affect the commission rate or result in additional charges to the consignor because these are services that we provide as part of our normal routine. Preparing an auction is hard work and we do not shy away from hard work! Once again, if we feel that the commission rate needs to be adjusted or that additional charges will be applicable as a result of labor or extensive service, we will inform the consignor before they sign the contract.

3) ADVERTISING COSTS
Aside from the work involved in organizing and conducting an auction, advertising is the most import aspect of an auction. Without advertising an auction thoroughly and professionally, you will have poor attendance and poor sales results. Sometimes advertising needs to be more extensive to draw a large audience of bidder and the costs of extensive advertising will be a little more than usual. This is one of the reasons that we usually establish an "advertising budget" or a fixed percentage to be paid by the consignor prior to advertising an auction. We will never hold the consignor responsible for more than they agree to pay. Again, if we feel that the commission rate needs to be adjusted or that additional charges will be applicable as a result of labor or extensive advertising costs, we will inform the consignor before they sign the contract.

4) THE AMOUNT OF CONSIGNMENTS
We will always offer a lesser commission rate to the consignor if an auction is going to result in above average sales results. We don't make our money until we make money for the consignor -- It's that simple! If an on-site auction is only going to provide our company with $2,000-$3,000 in commission we will charge a higher commission rate than if the sale will provide our company with $20,000-$30,000 in commission. This is one of the reasons that it is always best to schedule a viewing appointment with the auctioneer. After 40+ years as a professional auctioneer, Bud Roach can walk into a home, take a quick look around and know what kind of sale results he is looking at.

Also, in most cases, if we are being commissioned to sell the real estate and all of the personal property (i.e. everything that isn't attached to the real estate or is sold as part of the real estate), we will always offer a lesser commission rate to the consignor.

The most important aspects of the aforementioned statements to the potential consignor are these:

1) If you aren't made aware of additional costs prior to signing the contract, you don't pay such costs.

2) When we specify a fixed commission rate on a contract that is signed by members of our company and the consignor, this is the fixed commission rate.

3) The more you have to consign, the better our commission rate will become!

!! We Work for the Consignor !!

For all other questions please review our FAQ Section on this website or give us a call!

We can also fax or E-mail a copy of our consignment contract!