I can only speak from a buyer's perspective, as I see a lot of negative reviews from sellers. I'm a first timer at an auction as well, and I had a fantastic experience.
We are moving into a new condo soon, which has this extra door in the master bedroom that we do not need to use. We wanted to cover the door because we don't like how it looks. We thought a mirrored armoire would work because it also has extra storage and is large enough to cover a door. On a Tuesday night, I happened to be browsing Craigslist and came across a listing filled with antiques, with one picture of this amazing looking armoire. It said it was an auction, but I didn't know what that meant. It said it was ending on Tuesday at 10 PM and that was it. So I told my husband at 7 PM we need to drive 30 minutes from our house to go to this random antique auction, which I had no clue what it was. He wasn't thrilled... :D
When we got there, there was this vast room FILLED with AMAZING antiques! They are seriously quality items in mint condition. I saw actual paintings (not reproductions) from the 1940s-or earlier-and a ton of mid-century and mid-century gothic furniture and decor items such as mirrors. They had oriental rugs, patio furniture, lamps, fountains, chairs, desks, vanities, dressers, couches... basically anything you could think of. Also, of course, the French armoire I had my eye on.
I had no clue what was going on when I got there, so I asked the nice woman at the front desk to explain to me what was going on. She told me I needed a number to participate in the auction and that I would have to put down a $100 deposit. They don't take the deposit from you; it's just for security reasons. If you end up winning an item, you have to pay a series of taxes; I think it comes out to 25%. It's cheaper to pay with a debit card or cash than with a credit card for whatever reason. Once you have a number, you should stand in plain sight so the auctioneer can see you. By the time we got there, they were down to the final third of items and luckily the armoire was still yet to be auctioned off. There were probably around 25 people there, mostly older. I'm in my mid-30s and was by far the youngest person there, besides this duo of guys.
When it came to my item, I started to bid and then the duo of guys bid against me. This nice older man in a wheelchair was helping me figure out how to bid when I was outbid and kept telling me when I needed to hold my number up. If you've never been to an auction, it can be confusing! The guys, who ended up being professional furniture dealers, saw that I wanted the item, so they stopped bidding and let me have it. When I won the item, I said, "oh I won?!" and everyone started cheering and clapping. Seriously, everyone there was so nice and helpful. They even had hot dogs and coffee out if you wanted a snack and drink.
The best part was that the item started at $1,000 and I got it for $350 (plus taxes) !! The other armoires on Craigslist that are comparable were over $1K! We stayed for maybe another 30 minutes and items were going for low prices such as $35 for really nice antique dresser that was missing the mirror. I mean you have to like antiques, but believe me when I say this, these were amazing deals on unusual items. I love antiques and shop vintage often, or window shop on Etsy as I call it. I have a pretty solid knowledge base of vintage items, and these were quality items.
All the items on here are on consignment from their owners, so if I were going to consign with this place, I would definitely ask for an estimate of how much my item will get as I think many things were going for seemingly low prices. I believe that is the point of an auction vs. trying to sell things yourself at retail price. You're going to get a lower price but unload your items faster.
New items are ushered in every two weeks, and you can check on their website to browse the issues before the next auction. I will be back as I'm looking for a mid-century credenza and maybe try to nab one of those cool paintings!
One more thing... you have to pick up your items by the Saturday after the auction or you will be charged 5%. They have helpers there that will help you take apart your items, but it's up to you to hire a mover, as we will need one since we have a small car. read more