Wilcox Auctioneers

If you have items you wish to sell, we will need to determine whether it is suitable for our upcoming auction. However if you have an urgent need to remove your items due to your circumstances, arrangements for shipping and storage can be made until a suitable auction occurs.

If you need a valuation on an item, contact us to arrange valuation services. Or alternatively you can provide your own through your valuation expert.

An estimate for an item reflects our expert opinion as to what amount an individual item may be expected to achieve at auction. This estimate, expressed in a low/high range of dollar amounts, is reached after comparative references are made for similar items in recent auctions and other sales venues. Other factors that guide the setting of estimates include the condition, rarity, provenance and market potential of the item. Estimates are general guidelines and are not guarantees that the object will sell for a certain price, and Wilcox Auctioneers are not bound to sell for the high estimate.

Photographs

You may send in photographs of the items you wish to consign for assessment for suitability. Please note, this service is for consignment only.

Photographs of items can be submitted for assessment by email to admin@wilcoxauctioneers.com.au

Clear photographs of each individual item, including dimensions and other pertinent information is required and please limit images to not more than 4 for each item.

Or please contact us for further assistance.

Shipping

Consignment property that has been accepted for the auction will need to be delivered on the Monday or Tuesday of the auction week to the auction location. If you are unable to deliver your items to us, we can help you arrange to have them delivered, or if your circumstances require them to be shipped earlier, to our storage offices if necessary. In this event you may incur small storage fees. As the consignor and owner of your items, you will still be responsible for insurance the entire time that they are in our possession. You may want to notify your insurance company of the location and duration that your property is in our care.

For each of your items, you will need to determine a “reserve”. The reserve is the minimum price that you are willing to accept for an item. This reserve price is confidential and is not disclosed at any time. The reserve does not exceed the low estimate if estimates are provided.

Before an item can be entered into a Wilcox Auction, you will need to sign a Vendor’s Agreement. The agreement details all the terms and conditions for the provision of auction services. The two most important understandings that directly affect your return are the reserve price and the Wilcox Auctioneers commissions.

If you decide to proceed, Wilcox Auctioneers will take the items in for photography and cataloging.

The viewing days for our auctions are Friday and Saturday with the auction on Sunday, usually starting at noon. Read more about us and our auctions here.

Advertising & Marketing

Once your items are entered into a Wilcox Auction, they are added to our online catalogue, usually posted two weeks before the auction. The online catalogue is constantly updated with new items right up to Auction day and is viewed by thousands of potential buyers.

We promote the auction event to our large mailing list of clients who are in and around the Melbourne, Bayside and Peninsula area. We also advertise in the Melbourne Weekly and other local publications to attract new attendees.

Seller’s Commission

Wilcox Auctioneers holds an auction event creating an opportunity for buyers to purchase goods from sellers. The sellers are called vendors and we consign their property for sale at the auction. When an item of yours is sold, Wilcox Auctioneers receives a percentage of the hammer price, that we call seller’s commission, as our payment from the vendor for our services.

Our Standard Seller’s Commission for most items is 17.6% of the Hammer Price. The Hammer Price is the amount of the winning bid. This amount includes GST.

Shortly after the auction we will provide a detailed inventory of your consigned items through the Consignment Settlement Invoice including prices realised for each lot sold. We will send payment within 7 days from the day of the auction provided we are in receipt of the buyer’s payment, or 7 days from receipt of the buyer’s payment. Any other expenses, fees and charges as agreed in the Vendor’s Agreement will be itemised and deducted from your payment.

For more information, please contact us.

If bidding on your item does not meet your reserve, it will be “passed in”. You can make arrangements with us for storage so it can be re-entered into a future auction or make collection arrangements.

Alternatively, at the auctioneer’s discretion, a final bid that is close but below the set reserve may be “referred” to you after the auction. You are under no obligation to accept this final bid. If it is acceptable to you the highest bidder will be notified after the auction and payment can be processed. If it is not acceptable it will be considered passed in.

The holding over of items for future auctions will be subject to a storage fee agreed prior to making arrangements for storage. If you would like us to deliver your un-sold items back to you, shipping and any temporary storage arrangements can be made and charges agreed upon prior to return.