1. Preparation stage: Before the auction, the auction house or auction company will first collect the seller's articles or artworks, and then conduct appraisal and evaluation to prepare for the auction; At the same time, it will send an auction notice to potential buyers and invite them to participate in the auction.
2. Bidding registration stage: On the day of the auction, all buyers who are interested in participating in the auction need to register for bidding, fill in relevant personal information and auction power of attorney to determine the identity and purchase intention of the buyers.
3. Exhibition stage: After the buyer registers for bidding, the auction will display the items and introduce the basic information and auction rules to the buyers who participate in the auction, as well as the characteristics and sales methods of the specific auction targets and items.
4. Auction stage: After the auction items are displayed, the auctioneer will introduce the auction items to the buyers one by one on site and online to start the auction stage. At this time, the buyers who participate in the auction can increase their chances of obtaining the auction items by bidding or asking for prices, and continue to reach the transaction price or the buyers no longer bid.
5. Closing stage: When the auction stage is over, the highest price reached or the reserve price set by the seller is confirmed as the closing price, which becomes the trading reference for both buyers and sellers. The auction company or auction house will notify the buyers and sellers to complete the transaction and transfer the goods or works of art according to the prescribed procedures.
6. Payment and delivery stage: After the auction of the auction items is successful, the buyer needs to pay the auction transaction amount of the purchased goods or artworks to the auction company or auction house within the specified time, and also needs to collect the auction items at the agreed time and place.
The provisions and actual implementation of the auction process may be different due to factors such as companies, institutions and auction varieties. When participating in the auction, buyers are advised to consult relevant policies and procedures with fair certification bodies or auction houses in order to better trade and protect their rights and interests.
For auction companies or auction houses, auction is a way to sell goods or works of art quickly and effectively, and it is also an important way to enhance brand reputation and market awareness. As a special way of trading commodities or artworks, auction needs to fully consider all kinds of details and factors in practice, so as to better provide safe and fast trading channels for buyers and sellers and promote the prosperity and healthy development of the market.
Matters needing attention in holding auction
1. Auction category and value: Auction items include a large number of works of art, cultural relics, collectibles, jewelry, cars, real estate, etc. The value and attention of each auction item are different, so it is necessary to formulate corresponding auction strategies for different categories and values.
2. Transaction subject: The participants in the auction include sellers and buyers, among which the number, channels and consumption level of buyers will directly affect the transaction benefit and market image of the auction.
3. Auction companies and auctioneers: The reputation and image of the auction are also related to the popularity, service level and professional quality of the auction company or auction house. The auctioneer's hosting ability, language expression and professional appraisal skills will also have an impact on the success of the auction.
4. Market and environment: Changes in the auction market environment and policies, as well as competition and cooperation in the transaction process, will also affect the turnover rate and value changes of the auction items.