Sunday, September 14, 2014

How to sell your old stuff

Find an auctioneer at auctioneers.org
Write detailed descriptions of items for the auctioneer.
Attend a few sales. See what different houses specialize in to see which ones pull in a good crowd. Ask how sales are promoted, and whether auctions are simulcast online. Find out why the "sell-through" rate is - what percentage of sales are actually completed. A good rate is above 75%.
Beware if your item doesn't sell the auction house may charge you a percentage of the reserve price.
Virtual consignment shops that specialize in fashion clothing: TheRealReal, Rodeo Drive resale, Linda's stuff. What will they charge, how much is shipping (and return shipping if the item doesn't sell) and who pays credit card and paypal fees.

Find thrift stores on NARTS.org and click on "Whatever your needs..Find it here" Bring photos of your items to an appointment with the shop owner - expect them to keep 50% of sales. Get a contract for who's responsible for stolen goods, the payment schedule, and what happens if your goods don't sell.
Get an idea of items' value at Statricks.com
Garage sale: check if you need a license. Star on Thu or Fri early, at 6 or 7 am, to catch the crowd going to work. Think security - lock your house and keep your money and phone with you at all times. Beware of counterfeit bills which are often large bills.



From "Sell Your Stuff," Consumer Reports Sept '14

Sent from my iPhone

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