Your Auction, Simplified: The Auction Solutions Inc. Process
At Auction Solutions Inc., our mission is to make your auction experience as stress-free and seamless as possible. From your first call to the final check, we take care of every detail so you can focus on what matters most.
Here’s how we turn your assets into a successful auction:
Step 1: Initial Consultation
It all starts with a conversation. Give us a call or send a message to share what you’d like to sell. From there, one of our experienced auctioneers will schedule a time to preview your items—either in person or via Zoom. During this consultation, we’ll guide you through every aspect of the auction process:
- Key terms, commission structures, and timelines
- Advertising strategies tailored to your assets
- The types of auctions we offer (live, online, or simulcast)
You’ll have important decisions to make, but don’t worry—our experts will be with you every step of the way to provide clarity and confidence.
Step 2: Auction Preparation
Once you’ve signed on with us, we assign you an expert Auction Coordinator—your dedicated point of contact. This professional handles scheduling, answers your questions, and keeps you updated throughout the process.
Your Auction Coordinator will work with our team to:
- Sort, organize, and prepare your items for sale
- Catalog and photograph each lot with care, whether onsite or at our facilit
- Set timelines and ensure everything is on track for auction day
For items brought to our facility, the process is even simpler—just drop them off, and we’ll handle the rest.
Step 3: Auction Catalog Finalization
Once all items are cataloged and photographed, our team performs photo editing and builds a professional online catalog. Before posting, we send the catalog to you for review and approval, ensuring every detail is accurate and ready to attract the right buyers.
Step 4: Auction Day
For Online Auctions: Once the catalog is live, we accept pre-bids for a minimum of five business days. Most auctions conclude on Fridays, with lots closing over several hours. This format ensures maximum engagement and competitive bidding.
For Live or Simulcast Auctions: Auction day kicks off early, with our staff setting up everything from cashier trailers to sound systems. Bidders can participate onsite or through simulcast, drawing a national audience for live, fast-paced bidding. Every auction is designed to generate energy and excitement, creating the perfect environment for high-value results.
Step 5: Closing & Settlement
Once the final bid is placed, we take care of the rest:
- Coordinating item pickups and shipping
- Handling legal transfers, such as FFL requirements or vehicle titles
- Resolving any customer concerns
Within 30 days, you’ll receive a full accounting of the sale and have your auction proceeds in hand.
Why Choose Auction Solutions Inc.?
For over 25 years, we’ve conducted thousands of auctions, perfecting a process that’s easy for our clients and highly engaging for bidders. Whether you’re selling industrial equipment, real estate, collectibles, or an entire business, we bring unparalleled expertise and a personalized approach to ensure success.
Ready to get started?
Let us show you how effortless and rewarding your auction can be.
Contact us today for YOUR Auction Solutions.
More Information:
Auction Terms
Collapse Content...COMMISSION: This is the portion of the sale proceeds that are deducted from your auction's Gross Sale Total. This is retained by the auction company.
BUYER'S PREMIUM: This is a percentage of your winning bid that is charged to the buyer. This is retained by the auction company. Buyer's Premium is part of the Total Purchase Price of your items and tax is applied.
SIMULCAST: A simulcast auction is a live auction that is conducted in person, but also allows bidders to participate remotely. Simulcast auctions use video and audio streaming technology to allow bidders to see and hear the live auction from anywhere.
LOT: An item or group of items offered for sale.
AS-IS. WHERE-IS: In an auction, the auctioneer makes no representations about the property's condition or suitability for the item's intended use by buyer, and the property is sold in whatever condition it's in on the day of the auction. Buyers should inspect the property before bidding.
Types of Auctions
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- Live Onsite Auction - This type of auction is hosted on location at a home, business, or event center. This type of auction invites buyers to bid against others in a crowd. It affords buyers the opportunity to view items for sale in person and inspect them first-hand. This auction is typically simulcast online.
- Online Auction - This type of auction offers items for sale via an online catalog that allows users to bid from anywhere in the world. These auctions have a set date and time to begin closing. When closing begins, 2-3 lots will begin a countdown. Once the timer expires, the high bidder wins the lot! Then the next lots in the catalog begin their countdown. This goes on for a few hour to offer all bidders the chance to bid on all items offered. We utilize "soft closing" that extends the timer for any item with bids in the last 1-2 minutes to allow buyers competing for an item more time to get final bids in.
- Live Online Auction - This auction type is mostly the same as an online auction, except there are no timers. Instead, a live auctioneer calls bids for each lot in the catalog via an audio/video stream to a group of online bidders
Seller FAQs
What is a multi-consignment auction?
Multi-Consignment auctions have items from many different sellers, unlike your traditional liquidation auction which contains personal possessions from only one business or estate. If you don't have quite enough for a full auction, you can consign to one of our many other auctions!
Why would an auction work for me?
Whether you’re navigating a relative’s estate, downsizing a business or liquidating a lifetime of collectibles, an auction is the right solution to turn your assets into a profit. In the rapidly expanding market, virtually any real estate and personal property can be sold at auction. But that’s not all, intellectual property and mineral rights are some other examples that can go to the highest bidder.
What’s the difference between a starting and reserve bid?
A starting bid is the minimum bid you’d like guests to begin at. We mainly reserve this for the most expensive and exceptional pieces to ensure you get the best price.
A reserve bid is the lowest bid you’ll accept from a buyer. It’s a price only known by you, the consigner, and your trusted team at Auction Solutions Inc.
How will I know what items are sold and what people pay for them?
Auction Solutions Inc. captures your sales in real-time and a comprehensive accounting report will be generated for you after the sale. We can pre-catalog your sale or enter each item as we go. Either way, you’ll receive a detailed, line-by-line report of your total sales dollars.