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Frequently Asked Questions

  • What is my item worth?
    When it comes to determining value, a picture is worth a thousand words. So before we accept an item on consignment, we have to see it.
  • When is it advisable to meet with an appraiser in person?
    A specialist may respond to your online inquiry with a request to meet in person. Our Appraisal & Auction services team may reach out to suggest an in-home visit for the review of a larger collection or entire estate. We often ask for images and additional information before scheduling; you wouldn’t want an American furniture expert looking at your fine violin.
  • How should I prepare for an in-home visit?
    Please be prepared to welcome an appraiser, have the items you wish for them to see accessible, and any prior appraisals or documentation at hand.
  • Do Fin's Auctions appraiser's travel?
    Our appraisers travel throughout Indiana to meet with clients and view collections for auction. Please contact us regarding the sale of your collection and we can discuss a visit.
  • Is there a fee for an auction estimate?
    There is no charge for auction estimates and no obligation to consign, but we take it in good faith that requesting an auction evaluation means that you are considering selling your item at auction.
  • When would I need a written appraisal?
    Typically, written appraisals are only for estate planning, tax, or insurance purposes.
  • How do I consign?
    When your items are a good match for upcoming auctions, you will receive instructions on arranging an appointment for pickup. Next, you will sign a contract with Fin's Auction Services for your consignment. The agreement contains important information on how the auction process works and outlines your commission rates and fees.
  • What is a reserve?
    Your contract may specify a reserve or a minimum bid price for high-value objects. Most property at Fin's Auction Services is offered without reserve, which can work to your advantage since starting the bidding at a low price will often inspire more bidders to join in. Bidder competition is essential to earning a higher final hammer price.
  • What are the consignment fees?
    Fin's Auction Services charges a commission fee that is highly competitive, determined by the type and value of items being sold, and is negotiable. There are additional fees which may include transport, handling, storage and are negotiable.
  • What happens once my items are at Fin's Auction Services?
    Your items will be insured and stored in our warehouse for review. Then, our specialists and marketing team will research, catalog, photograph, and market your items and place the objects in the next appropriate auction.
  • How will I know when my items will be auctioned?
    Fin's takes special care to place your property in the most appropriate auction to attract passionate and motivated buyers. You will receive a pre-sale notice to your email, including the auction name, number, and date, along with the lot numbers of your property so you can follow along on the website.
  • When will I get paid?
    We continuously publish results to our website during the sale, viewable in two formats: the hammer price (or final bid price) plus buyer’s premium, or simply the hammer price. A consignor’s payment is calculated from the hammer price. Within 14 days after the auction, you will receive a results statement in your email. Consignor payment checks are mailed prior to 21 days after auction. Often times much quicker.
  • What if my property didn’t sell?
    Markets can be unpredictable. You may choose to have your property returned to you, or we can re-offer the item in a future auction.
  • What is a Reserve?
    The Reserve Price is the minimum amount accepted by a seller. Most rare items can have an established Reserve Price, although there are occasions when a winning bidder can be declared even if the Reserve Price isn’t met. This occurs when a item is sold “subject to” the seller’s approval. Sometimes, sellers sell an item for less than the Reserve Price.
  • What happens if a Reserve Price isn't met?
    If the Reserve is not met, the Seller has several options, including: Declining all bids and re-auctioning the property Selling the item to the highest bidder. These offers are considered “Subject to Seller Approval.”
  • What is a Buyer’s Premium?
    A buyer’s premium is a percentage added to the final bid to reach the total selling price of the real property or personal property being sold.
  • Why should I have an auction?
    1) Auctions cause action. Buyers are required to make a decision. They have to bid now or miss the opportunity. Competitive bidding produces higher sales prices. 2) Auction promote and advertising exposes your collection locally and nationally. 3) Auctions keep you from being at the mercy of a few buyers. 4) All your property is sold at the same time therefore you receive your money at one time. 5) Unlike estate sales where they sell the best stuff and leave you with everything unsold. Auction companies sell it all!
  • Should a seller look for the cheapest commission?
    No. Definitely Not! Sellers need to consider how they will receive the most net money, not what cost they pay to get the auction done. 1) Many sellers want the cheapest commission available and that’s all they consider, therefore they sell their property for less. 2) Many sellers want a quote over the phone even before the Auction Company or Auctioneer inspects the personal property. Every auction has different features and different requirements in order to be successful.
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