Do You Know How to Buy or Sell Coins at Auction?
Sometimes there's no way around it, especially if you are trying to sell coins or currency that are ultra-rarities. You have to go with an auction house. As a buyer, an auction house may be your only opportunity to acquire a particular item you've been looking for.
If you're not familiar with how auctions work, they can be beyond complicated. And you could leave some money on the table in the process. Before you talk to any auction company, talk to Don Ketterling first.
If you're not familiar with how auctions work, they can be beyond complicated. And you could leave some money on the table in the process. Before you talk to any auction company, talk to Don Ketterling first.
Sometimes it seems that coin dealers purposely make it more difficult for collectors and investors to do business with them, rather than easier. The auction process is a perfect example of this perception. Instead of complicating things, Don Ketterling makes it easier and less stressful by helping his clients navigate this often complex process.
There are times when a public auction venue is the best course of action, particularly when you're dealing in high-ticket, ultra-rarities. If you're a seller, the major auction houses maintain broad customer bases and can expose your items to most if not all of the potential buyers. Or if you're a buyer looking for a particular item, the auction house may present your only opportunity to acquire it.
As with many other business environments, the auction world is fraught with unseen dangers and pitfalls. Not being aware of all the nuances can prove costly. As veterans of the auction world, DH Ketterling Consulting can advise on strategies and tactics that can enhance your results considerably. Our fee-based services will provide a welcome benefit should you decide to venture into the public auction arena.
As a potential consignor, there is a myriad of conditions, exclusions, fee structures and buyback conditions, along with the decision of whether to place reserves on your material. Financing is often available in the form of advances, but there are fees and conditions to be negotiated.
DH Ketterling Consulting LLC is familiar with all auction considerations and will work on your behalf to make sure you receive the best arrangements possible. Having working relationships with the principles and parties of all the major auction houses affords us the opportunity to negotiate the best terms for your consignment.
There are times when a public auction venue is the best course of action, particularly when you're dealing in high-ticket, ultra-rarities. If you're a seller, the major auction houses maintain broad customer bases and can expose your items to most if not all of the potential buyers. Or if you're a buyer looking for a particular item, the auction house may present your only opportunity to acquire it.
As with many other business environments, the auction world is fraught with unseen dangers and pitfalls. Not being aware of all the nuances can prove costly. As veterans of the auction world, DH Ketterling Consulting can advise on strategies and tactics that can enhance your results considerably. Our fee-based services will provide a welcome benefit should you decide to venture into the public auction arena.
As a potential consignor, there is a myriad of conditions, exclusions, fee structures and buyback conditions, along with the decision of whether to place reserves on your material. Financing is often available in the form of advances, but there are fees and conditions to be negotiated.
DH Ketterling Consulting LLC is familiar with all auction considerations and will work on your behalf to make sure you receive the best arrangements possible. Having working relationships with the principles and parties of all the major auction houses affords us the opportunity to negotiate the best terms for your consignment.
If you're a buyer, there is also much to know. It goes well beyond just showing up and registering to bid and then holding up a paddle during the sale. Without a working knowledge of the playing field, a buyer can feel like the proverbial “fish out of water.” For instance, many veteran, established collectors are so well-known that when they appear at a sale, they are “marked.” This means that many spectators, dealers, other collectors and even the consignor himself will know that these collectors will be bidding on certain items, which can end up costing much more than if they were anonymous.
For this reason alone, many advanced collectors utilize agents to bid for them. The agents, while usually well-known, do not reveal what they might be bidding on since they are often representing several interests. Also, some people are concerned with overall privacy and would just as soon not have the world know that they are bidding on certain items.
At DH Ketterling Consulting LLC, we have performed every role in the auction process and we're well-versed in the rules of the game. From viewing the coins in person, strategizing the bidding process, estimating current values, to executing the bids, we will take the unknowns out of the equation for you. Call us for a free consultation.
For this reason alone, many advanced collectors utilize agents to bid for them. The agents, while usually well-known, do not reveal what they might be bidding on since they are often representing several interests. Also, some people are concerned with overall privacy and would just as soon not have the world know that they are bidding on certain items.
At DH Ketterling Consulting LLC, we have performed every role in the auction process and we're well-versed in the rules of the game. From viewing the coins in person, strategizing the bidding process, estimating current values, to executing the bids, we will take the unknowns out of the equation for you. Call us for a free consultation.