What Do I Need to Host an Auction in 2023? A List from an Experienced Live Auction Company in Kansas City
Feb 27, 2023
Some people find side jobs, part-time employment, or find another hobby that provides a little bit more to their checking and savings accounts each month. However, there is one other way to make a few extra bucks. Have you ever considered hosting an auction? As a leading live auction company in Kansas City, our team at Mayo Auction & Realty specializes in hosting live auctions for a wide range of reasons.
If you have some items of value that you are willing to part with, contact a live auction and estate sale company in Kansas City like Mayo Auction & Realty today. We have the experience and the knowledge you need to get the highest possible value for your possessions.
Alright, so you’ve decided that hosting an auction is a great way to make a few extra bucks. That’s exciting! So, what else do you need in order to make sure your event is a success? It can be overwhelming to try and figure out where to start. In today’s blog, we’ll be talking about all the different items you need to make sure your event is worth all the effort.
Holding an auction may be a fun and exciting way to collect funds for a good cause or organization. IT’s also the perfect way to sell off items that are no longer needed or wanted. However, to host an auction, you will first need to collect the necessary supplies. The following is a list of the things you will need in order to run a successful auction, according to a live auction company in Kansas City:
What Are You Selling? Make Sure Your Items Have Value
Obviously, the items to sell at the auction are going to be the most crucial thing you'll need for the auction. These can be goods that have been given to you by other people, such as works of art or jewelry, or they might be items that you have personally obtained, such as antiques or collectibles. Be sure to collect a wide assortment of products so that you can attract a diverse group of potential bidders.
A Live Auction Company in Kansas City Says, Make Sure You Have Plenty of Bid Sheets
You will need to have bid sheets for each item that is going to be auctioned off. On each of these sheets, the name of the object being auctioned off, a description of the item, and a space for bidders to jot down their names plus the amount they are willing to pay. Make sure you have enough bid sheets for each item and that they are pre-printed with the relevant information for the item.
Don’t Forget to Bring Plenty of Writing Utensils
Writing instruments, such as pens or pencils: In order to submit their bids on the bid papers, bidders will need something to write with. Make sure that you have a good supply of pens and pencils on hand. Prepare yourself now; people will accidentally run off with your pens and pencils, so you may want to stick to basic writing utensils for your sale.
A Live Auction Company in Kansas City Recommends Catalogs Listing All Your Items
You should have catalogs available for your guests that include a printed list of all the things that will be auctioned off, along with a description and an estimate of their value. It is a good idea to have a catalog printed up since it enables bidders to look through the things in advance and plan their bids more effectively.
Make Sure the Crowd Can Hear the Auctioneers; Have a Nice Sound System Ready
It is vital to have a sound system in order to make announcements and play music while the auction is going on. Be careful to run some tests on the sound system before the event to ensure that it is functioning appropriately.
A Live Auction Company in Kansas City Says, Bring Plenty of Change
No, we’re not talking about pennies, nickels, dimes, and quarters. Sure, you may need some of those, but we’re mainly talking about smaller dollar bills so that you can break big bills for your buyers. In order to collect the money that the successful bidders have contributed, you will need a cash box with plenty of ones, fives, tens, and twenties.
Also, make sure that you have sufficient little bills and change on hand if you plan on serving food at your event. Whether it’s hot dogs, burgers, soda, or chips, people will crave some freshly cooked food at an auction. As an experienced estate sale company in Kansas City, we know that if you have food on hand, you’ll get many hungry customers!
Make Sure You Have Plenty of Helpers!
Of course, hiring a live auction company in Kansas City is the best way to successfully manage the auction. However, it may be a good idea to add a few friends and family members that are willing to volunteer. This may involve people to man the registration table, gather bid sheets, declare the objects that are up for auction, and collect money from the successful bidders.
Marketing Materials
In order to increase the number of people who participate in your auction, you will need to make the event known to potential bidders. A live auction company in Kansas City will often provide flyers, posters, and even post messages on social media to promote the event. Be sure to include the date, time, and location of the auction, as well as a list of the objects that will be up for bidding, in your advertisement for the event.
If you get all of these supplies together, you'll be well on your way to having a successful auction that you're organizing. It is important to remember the importance of planning ahead and developing contingency plans in case something goes wrong. Best of luck!
Are You Looking for a Dependable Estate Sale Company in Kansas City?
Mayo Auction & Realty is a full-service real estate auction company in Kansas City that effectively markets your property to the world. As a seller, you will enjoy getting market value for your property or assets in the time frame you need. We are a Kansas City online auction company as well. As a buyer, you will enjoy our easy-to-use competitive bidding marketplace. If you need an auction house in Kansas City, we are the partner for you!
The Mayo Auction & Realty team is here to make your life easier, so contact us today. We look forward to assisting you with all your auction and estate sale needs.