What is an auction?
An auction is a place where sellers contract with the auctioneer to sell their goods. The auctioneer may have his own goods for sale also. The auctioneer then presents the goods in the best possible way so the seller can receive the most money for his or her items. The auctioneer then advertises the goods at various venues to get as many buyers as possible together at a specific date and time to sell the goods.
How does an auction work?
Buyers gather together to bid on items that the auctioneer holds up. The one who bids the most wins that item.
Who controls the auction?
The auctioneer controls all aspects of the auction. His word is final on all matters.
How do I know if the auction is honest?
An auctioneer is regulated by the Ohio Department of Agriculture. He must be licensed by the State of Ohio. He must adhere to a strict code of ethics, or risk losing his license.
What kind of auctions are there?
You have reserve and non-reserve auctions, commonly known as "public auctions" (can have a reserve) or "absolute auctions" (no reserve).
What is a reserve auction?
A reserve auction is when a seller sets the minimum amount he will accept for an item. If the bidding does not reach this amount, then it is a "no-sale."
What is an absolute auction?
An absolute auction is an auction where the seller will accept the amount of the highest bidder, no matter what that amount is.
How do I become a bidder?
You come to the auction and receive a bid card with a number on it. This is your number for the night. You must show identification prior to receiving a bid card. All information is held in the strictest of confidence, and all bidders must have a bid card.
The auction is usually held on a Friday night. Doors open at 5 PM and the auction starts at 6 PM. We strongly suggest that you leave your e-mail address with us so we can notify you of our next auction, or if there is a cancellation. Again, your information is held in the strictest of confidence, and is never released to anyone.
What if I want to sell my items?
You would call the auction house at 330-600-0582 and set up a date and time to drop your items off. The cut-off day is the Wednesday preceding the auction. No drop-offs Thursday or Friday. You would then enter into a contract with the auctioneer to sell your items.
What if the items I want to sell are too big for me to bring in?
If the items are too big for you, the auctioneer has a truck and staff to move the goods to his site. There is an extra charge for this service.
Do you do estate sales?
Yes, we do estate sales and, as mentioned, we have a truck to haul the items (for an additional charge).