Estate Sale or Estate Auction, What’s Best?

Sarasota Estate Sales And Why They Are Better Than Sarasota Auctions Most Of The Time.

Sarasota & Tampa estate auctions typically do not help to realize the full potential like an estate sale will. We encourage you to read more about Auctions Vs. Estate Sales page if you are considering an auction. This will help you decide what is best an estate sale or auction and explain that 98% of the time an estate sale is the best solution.

If you are the 2% that fit into the real need for an estate auction we can help there as well. Most often a Sarasota estate sale is the best option due to the fact that we sell all the little stuff down to the .50 item. You would be surprised, how this little stuff adds up to thousands of dollars at many of our estate sales. Estate auctions won’t sell the little items, as the expense of the auctioneer and process doesn’t provide enough value to justify selling the .50 item.

Imagine an auctioneer holding up a 2 pack of brand new light bulbs. Is he going to spend the time to start the bidding at .05? Now I hear five cents anybody wanna go .10 how bout .10? I got .05 how bout .10? I got 10 anybody wanna go 15 cents? I got 10 how about 15?

Simply put, no.

And it’s this very reason that when we put 1.00 on that package of light bulbs and they sell for 1.00 and multiply that times a few thousand items you can see the reason why. Approximately, on average, about 60% of the items in a home are smaller priced items $1.00, $5.00 or $10.00. You will not get this service with an auction nor will you get the value.

Numbers

If you had a $10,000.00 estate sale approximately $6,000.00 would come from small items. Not bad. Now let’s say you choose an auction. Subtract that $6,000.00 from the sale as they would have never been auctioned off. Now you’re at a $4,000.00 sale result.

We have all heard someone say “Oh did you see that Marilyn Monroe dress get bid up to 1.2 million the other day?” Yes very true. Items can be bid up in an auction setting, IF, you have the right people in the audience. 1.00 light bulbs will not be bid up to $25.00. If your estate has priceless heirlooms and antiquities that are museum quality then an auction may be what we suggest. But most people wouldn’t benefit from it. We do often have a few select items at a tag event or estate sale that are bid items only and you can couple the two options with Prestige Estate Services when warranted, but more often than not, a Tampa, St. Pete, Sarasota or Bradenton estate sale is the way to go.

Please do not get “Cherry-Picked” by Sarasota estate auction companies. In other words, do not sell a select few items to auction companies and decide to try to sell the rest at a Sarasota estate sale. Often, people make this mistake and find out the hard way, that there isn’t enough value to hold a Sarasota estate sale at all. Now you have an estate sale with $6,000.00 worth of “stuff” you probably won’t get to sell as you have nothing to draw a crowd with! It’s the great stuff that draws crowds and helps to sell all the little stuff at an estate sale.