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1. Outright Purchase: We will purchase all of your assets outright for a lump sum of money thereby eliminating all consideration of auction expenses and the uncertainty that auctions present.
2. The Guarantee: We will guarantee a sum of money prior to the auction sale with a certain defined amount of money then deducted for expenses above the guaranteed sum. The balance of the proceeds above the guarantee and the amount for expenses will be split according to the terms of the contract. In this method the auctioneer usually reserves the right to charge a buyer’s premium.
3. The Commission and/or Buyer’s Premium: We will project the costs for labor to prepare the site for auction and the costs required to properly market and advertise the assets. These expenses will be deducted from the sale proceeds as determined by the contract, and we will charge the consignor a commission or charge the buyers a premium for our fee.