There are many different methods of disposing of items. You could have a tag sale, a garage sale, consign them to a retail resale shop, donate them, burn them….
The auction method has been used for over 2000 years and is the most effective way to turn assets into cash. Period. There is no better way to receive true market value than at auction with a crowd, bidding competitively, whether the bidders are in a crowd in a live event or gathered to their electronic devices during an online event.
It takes an average of 45 minutes to an hour to take a photo, upload it, type a description, and place all the particulars in an online ad. I’ve done it. It may or may not draw bids. At auction, everything sells, is paid for and is removed in a very short amount of time.
One other significant point about most public auction venues is the snipe bid. Our auction software automatically extends the auction for a significant time if a bid is received within the final minute of the auction, thus allowing an asset to achieve its full potential.