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#5
07-27-2024, 05:47 PM
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The size of the auction house almost surely correlates to the number of registered bidders. However, having more potential bidders doesn't help if your lots get buried in the catalog, or worse yet do not make the catalog. This is a trade off that each consignor needs to consider. If you have a Wagner it's easy--go with a big boy. If you have a mid-level item the decision becomes more difficult.
What will your items be insured for if they are lost or damaged? Do you want to rely on the insurance company to value them? I suggest including an exact figure IN THE CONTRACT for the value of any valuable lots. If the auction house balks at this find another auction house. BTW, this puts the auction house at financial risk if your contract value exceeds what the insurance company pays on a claim. 
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