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A Consignment Auction is simply an auction held on our premises. You bring your items, we catalog them, take pictures, and organize them for easy pickup when the auction ends. Your items will most likely be on with other people’s things as well. The nice part about working with Southern Minnesota Auctions is that we deal directly with the people that win the items. We collect the money, pay the sales tax, and within a couple weeks, you get your check for the items that sold. It’s that easy!
Do you have too many items to bring to our warehouse? Or do you have no way to transport them? Contact us today to discuss your options!
This will be an ANTIQUE AND COLLECTIBLE auction only. No household items, tools, industrial, equipment, or lawn & garden items will be accepted!
Wednesday, April 10th: 10 AM – 6 PM
Thursday, April 11th: 10 AM – 6 PM
Friday, April 12th: 10 AM – 5 PM
Please note: we take lunch from noon to 1:00
To Be Determined – follow us on Facebook
for updates!
Each auction is different – see specifics in the section above for each auction’s requirements.
If you don’t see what you’d like to bring in on either of the lists here, don’t hesitate to call. Even better, just text us a picture and ask if it would be a good candidate for the auction! Our number is 507-508-5334.
Please keep in mind we reserve the right to refuse any items that are brought in, even if they are on the “OK” list. We strive to sell quality items and our intention is to curate items that will fit a broad audience.
Disclosure at the time of drop off is important so we can accurately describe the item for our bidders. Information such as: if the item came from an environment where there was smoking, if there were any repairs/replacements, or if there is any other pertinent information that would relate to the usability of the item.
*Please call before bringing in large items
We sign a contract that benefits both parties. Your success is our success!
Terms, conditions, dates, and the coordination of the auction are outlined in this process. Things such as commissions, fees, and when to expect your final check will be discussed at this point.
We work hard to ensure this process is easy to understand so you know what to expect.
Photos are taken and accurate descriptions are created.
We work with you to create descriptions base on your information about the asset, demonstrate its functionality, and include anything else that the bidder may need to know about. Before the auction goes live, you have the opportunity to review the listings and make the necessary changes, if any.
Your auction is posted in front of thousands of bidders.
Watching the bids on your assets grow virtually overnight is exciting! At this point we will answer all the questions bidders may have, host inspections, and ensure that marketing has been implemented to ensure your assets get in front of the ideal audience.
Bidders are notified and the items are picked up.
We’ll handle collecting the money, paying the sales tax, and coordinating loadout dates and times. As a value-add for the buyers, we are willing to ship your items to the winning bidders. This not only makes buying larger or bulky items more appealing, this may also entice buyers to bid on more assets!
About two weeks after the auction ends, you get paid!
A copy of the settlement will also be provided to you. This will outline what assets sold and for what price. A detailed report of the fees and commissions paid will be included.
Consignment and On-Site Auctions typically run on a sliding scale. The commission rate is based on the price of each ITEM, not the price of your items in total.
For example: You sell an item for $100 and an item for $2,000. Our commission for the first item would be 25%, or $25. Our commission for the second item would be 15%, or $300.
Commission for firearms is set at a flat 20%, no matter the final value of the bid.
The commission you pay goes towards staffing, photography, marketing, advertising, mileage, technology upkeep, and server fees for posting our auctions. The only “extra” fees we charge are for reserves, fees for halting lots at the seller’s request, and fees for shill bidding.