Selling at Bay East Auctions

 

At Bay East Auctions selling is a simple four step process so when you are ready we can help you every step of the way when you are ready to sell art, collectors' cars, antiques, decorative arts, books & manuscripts, collectables and jewellery at auction.
For more information, contact client services at info@bayeastauctions.com.au or call us at +61 (0) 2 8306 2200.

The Fist Step:- Appraisals

The first step in the auction process is to determine the auction value of your property. Bay East Auctions' world-renowned specialists will evaluate your special items at no charge and in complete confidence.

Appraisal Appointments

An auction estimate reflects our expert opinion as to what amount an individual item may be expected to sell for in a specific sale on a specific date. This estimate, expressed in a low/high range of dollar amounts, is reached after the specialist compares prices realized for similar items in recent auctions and other sales venues. Other factors that guide the setting of estimates include the condition, rarity, provenance and market potential of the item. Estimates are not guarantees that the object will sell within the published range, but are intended to provide general guidelines for buyers and sellers and to stimulate competitive bidding.

Consignment Appraisals via Photograph

If you are interested in consigning, you may send in photographs of the items you wish to consign for appropriate evaluation. Please note, this service is for consignment only. Clear photographs of each individual item, including dimensions and other pertinent information is expected. Send marked envelope "Photo Auction Estimate" to Bay East Auctions.

Alternatively, you can submit your digital photos and item details online. Fill out this form and submit. Please limit images to not more than five (5) of each item. Contact us for assistance at info@bayeastauctions.com.au if further instruction is needed.

Trust and Estate Services

Bay East Auctions has been serving the needs of fiduciaries - lawyers, trust officers, accountants and executors - in the disposition of large and small estates. Our services are specially designed to aid in the appraisal and disposition of fine art, antiques, jewellery, and collectibles. We offer a full range of estate services ranging from flexible financial terms to tailored accounting for heirs and their agents to world-class marketing and sales support.

TOn Site Sale and House Clearances

Bay East Auctions can also conduct the dispersal of whole estates and/or house clearances. These instances arise when it is more economical to conduct an auction on site rather than relocate all the contents to our sale rooms. The process is very similar in as much as we attend the premises to determine the viability and provide a tailored quotation documenting the whole process and scale of fees.

The Second Step:- Auction Method

Ready to Consign?

After you receive an estimate, you may consign your property to us for sale in the next appropriate auction. Depending on the category and price point of your property, it will be consigned to one of our sales.

Auctions

Bay East Auctions conducts monthly auctions of decorative arts, antiques, estate furniture and effects, bi-monthly sales of arts and regular sales of books and jewellery.

Advertising & Marketing

Once you sign a consignment contract for the sale of your property in a Bay East Auctions auction, we begin marketing it to the greatest number of potential buyers. After scheduling your property in the most appropriate upcoming auction, your objects will then be catalogued as lots for our print and online catalogues.

We create an extensive marketing plan for each auction which includes direct mail, print media advertising, online promotion, and a public preview. Our sales are posted online so Bay East Auctions has unique access to millions of Internet auction buyers.

The Third Step:- Auction Sales Commissions & Fees

We will assist you throughout the auction process, providing a detailed inventory of your consignment and prices realised for each lot. We provide on-site storage for your property in our warehouse, and all items are insured through-out the auction process. You will receive payment for your property approximately 14 days after the completion of sale. Our standard commission rates are as follows: Sales commissions vary based on the hammer price of your property and are netted from gross proceeds.
Exclusive of GST

Bay East Art

12% commission and $40 per lot offer fee*

Bay East Antiques and Interiors

12% commission and $10 per lot (other items) offer fee*

Bay East Jewellery

12% commission and $10 per lot offer fee*

Motor Cars, Motor Cycles, Boats

12% commission and offer fee as agreed

Bay East Books & Manuscripts

12% commission and $30 per lot offer fee*

Insurance Fee: (Mandatory with the exception of Motor Cars)

1.5% of each lot's hammer price

* Offer fee is payable irrespective of outcome of sale

After the Sale

Timely Payment to Consignors after the Auction fourteen days after the completion of the sale of any property we will pay you the net proceeds received and collected from the sale of property after deducting our commission and any other expenses, fees and charges due hereunder or required by law, provided that no claim has been made against any of the property or proceeds of sale and further provided that the buyer has not given notice of intent to rescind the sale.

If your item does not sell at auction we will mail you a letter before our settlement date asking if you would like to have your property returned to you or if you would like to re-offer it in an upcoming auction. If you should choose to re-offer your property you will be given the opportunity to readjust estimates or reserves.