Selling Info  First, we thank you for your interest and look forward to helping you. Selling at auction is a partnership between the auction house and consignor. The more your property brings at auction, the more both parties benefit. You hire an auction house for its ability to introduce your property to the greatest number of prospective buyers and market it effectively. We auction a wide range of property including fine art, decorative arts and furnishings, jewelry, Americana, coins quality collectibles and entire estates or businesses. If you are thinking about consigning to auction either now or in the future, there is no charge for informal consultative visits or our opinions of value. The consignment process is outlined below. Inspection of Property: This is the first step. We will examine your property through photographs and descriptions or in person and render an opinion of value for you. You can begin this process by mail, e-mail, phone, or in person. By mail or e-mail: Sending us photos and descriptions is a great way to go. (Don’t worry too much about the quality of the photos. And if the collection is large, feel free to send a few representative pictures. We do not return photos without a self addressed return envelope.) Include dimensions, if relevant, and any available information about signatures, labels, maker’s mark, medium, or physical condition. If you are interested in discussing a private sale, please note that, as well. The appropriate expert will personally review all your information and we will reply to you in short order. Mail your photos to: Anchor Auctions 601 E. 4th street Reno NV 89512 Phone: 775-827-1801 E-mail your photos to: In person: You may bring the items into the auction house for a personal inspection. Please call first to make arrangements. By appointment on site: If you’d like to make a special appointment, please call us at 775-827-1801. This is best if you have an entire estate or a number of items that a single expert should see – an assortment of jewelry, for example, art, pottery, Americana, and so forth. The Consignment Agreement: If one of our auctions would be the right venue for your property, you and Jeff will agree upon the seller’s commission, price estimates, the potential date of sale, and discuss any questions you may have. For example, your property might need a repair to do its best at auction. Another possible topic is reserve pricing - whether to set a reserve and, if so, what that price should be. Once these details have been agreed upon, they are formalized in a contract known as the Personal Property Auction Contract, which is signed by you and the Auction Center. Standard Commission Rates: Everyone who sells property through our auctions pays us with a seller’s commission. This is a percentage of the successful selling price of the property. Though seller’s commissions will vary depending on the value of the property or the size of the collection. Note that, unlike some other houses, we do not offer a low seller’s commission and then inflate it with undisclosed surcharges. Reserve: A reserve is the confidential minimum price established between you and the Auction Center. Many items sell at auction without reserve, allowing the market to determine the right selling price. And we rarely take reserves on items with a low estimate. But for items of great value, a reasonable reserve is always possible and often recommended. Date of Sale: We will advise you to place your property in the auction where we believe it will sell best. We hold specialty and general auctions year round and will recommend one to you. Delivery of Property: We need your property at the Auction Center early enough to catalogue it, photograph it and market it correctly, usually at least one week prior to sale. We are happy to handle all the arrangements for you, should you choose, and for less than any specialist shippers. (Most auction houses leave all shipping arrangements to the sellers.) Marketing of Property: Utilizing a mailing list of over 2,000 potential buyers, We provide for absentee bidding and telephone bidding in addition to bidding in room on the day of the sale. Your property is also pictured for potential buyers on our web site. For a small extra fee we will place it in a Featured section of the website along with a description. Protection of Property: If you ship through us, your property is fully insured from the moment it leaves your hands. (If you choose to ship by another means, we urge you to get full coverage for the trip.) Our property insurance, on the road and at the auction house will protect your items. Post-Auction Notification: Preliminary prices realized available by calling our offices on the Wednesday following the auction. Prices are preliminary until we are paid by the bidder. Passed Lots: Passed lots are lots that don’t sell because no one makes a sufficient opening bid. We have an extremely low percentage of passed lots at our auctions, because we market and price well and accept consignments we believe will attract buyers. Should a lot fail to sell we will let you know whether we think it best to return the property or re-auction it. Payment: Buyers must pay us within 30 days after the auction. We mail you payment 45 days after the auction. Should we not receive payment from a buyer within 30 days, we continue to pursue the debt for you or, if you choose, void the sale. Happily, this is an exceptional circumstance. If you have any other questions about working with us, please call us at 775-827-1801 or e-mail us. We thank you for your interest and your business.