Another auction rolling through the South Calgary Super Auctions! Ends Tuesday October 24th at Noon. Harem pants and onesies are on the block! #auction #bidonthis #goingoncegoingtwice

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Another auction rolling through the South Calgary Super Auctions! Ends Tuesday October 24th at Noon. Harem pants and onesies are on the block! #auction #bidonthis #goingoncegoingtwice

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South Calgary Super Auctions ends today at Noon! Prices are lower than in store. Get on over and make a bid!! #onedollartwodollar #auction #bidonthis
Published: 23rd July 2015 Author: Helen Parker, founder and CEO of BidonThis.co.uk Weāre all looking for a deal nowadays, as consumers weāve been trained to appreciate a bargain, wait for the rumble of Black Friday, and with the age of the internet, we all have access to look at any company our hearts desire. However,... Read more Ā»
Bid on This offers a new and exciting way to bid at auction from anywhere, and aims to open up the world of auction houses to the masses in the UK.
Why do Auction Houses get such good stock?
I've been repeatedly asked ā āHow auction houses can afford to sell quality products at such a good price?ā. The quick answer is because they aren't limited by price at the point of purchase. But thatās obviously a bit simplistic⦠in actual fact Auction Houses get their stock from a number of places, and all of those heavily influence what can be sold.
For those not deeply involved in the world of auction houses ā itās probably worth first debunking one of the big myths of auction stock. The majority of the number of goods sold at auction are NOT antiques and high value paintings! That might be more true of the money made, as obviously highly sought after collectable items get the highest price by nature, but on a day-to-day basis 1000s of items are sold by auction houses which fetch much lower value ā itās just those aren't the ones talked about in the news stories.
So, where do auction houses get their goods to sell? From a number of places, as diverse as they are exciting! The easiest thing to do is run through the top 3 to give an impression of how the auction market worksā¦.
House Clearances and Liquidated Businessā - We all have an image in our heads of Antiques Roadshow and people gasping as Aunty Floās vase is valued at Ā£2,000 when they only found it in the attic last week. This is why auction houses clear houses and businessā ā these goods are generally great value for everyone involved with selling, because they aren't influenced by a purchase price. They take the goods at low cost, return the sale price to whoever has commissioned the sale (who generally has little idea of what it is worth), take a fee from the seller, and a fee from the buyer. It doesn't take much to see that works for everyone ā the seller gets the benefit of the expertise, the auction house gets nice stock with no purchase, and the buyer gets what they see at a great price.
Overstock and Returns - After businessā such as John Lewis, Tesco, Amazon and Next have sold through their bricks and mortar stores and their own websites ā they have 2 problems left. Stock left over at the end of the season which needs to be cleared for new goods to be sold⦠and customer returns which are often too time consuming to sort through. Most businessā will sensibly give this stock a write-down value rather than put energy into flogging it ā and also donāt want to sell at this heavy discount through their own stores or websites as it impacts the value of their brand. So they clear this ā and often the easiest way to do this with the minimum fuss is through auction houses. Again the goods arenāt heavily influenced by a price point and can therefore be offered at a much lower price.
Buying through Expertise - Auctioneers are generally experts, theyāre skilled at agreeing the right price for goods, they understand how the market works and what stock is likely to sell at, and ultimately they know what their buyers want, what industry they are in, and what price people will buy at either for personal purchases or to make a profit selling on. This world has changed significantly, expanded from the pure antique/housing/livestock trade to include anything from mobiles, to electronics to small domestic appliances, to toys⦠and the list goes on. Their buyers have also changed from the traditional trader to include small businessā or individuals taking advantage of selling on eBay/Amazon/Etsy/own online shops ā and Auction Houses have done an incredible job of adapting to the changing markets. But they remain experts.
There are many other places Auctioneers will buy and sell from, and the fundamental key to why the 700+ Auction houses in the UK continue to be a credible area of business - because they work hard to adapt and to ensure that they are involved in any area where goods that people want (however niche!) are being sold for a decent price and they continue to find new ways to reach their target market and expand their buyer list.
Oh, and people will ALWAYS continue to LOVE participating in an auction and getting a bargain⦠but thatās a topic for another time!
Helen Parker - Founder and Chief Exec
www.bidonthis.co.uk

Anya is live and ready to show you everything. Watch her strip, dance, and perform exclusive shows just for you. Interact in real-time and make your fantasies come true.
Free to watch ⢠No registration required ⢠HD streaming