We place our Reputation on the line at each Auction Sale!

1. Normally it takes a Minimum of 10-14 days to Advertisement and Setup an Auction Sale.

2. Once an appointment has been make to view your inventory, the Owner and Auctioneer enter into an Auction Contract Agreement.

3. Listed within the Auction agreement are the Owner’s and Auctioneer’s Responsibilities, Commissions and Fees and Expenses for your Auction Sale.

4. We are a Professional Full-time Auction Service and charge Professional Fees.

5. The Commission and Fees are based upon estimated Gross Sales. This includes an Advertising Budget to cover the Geographical area and Markets needed, Labor for onsite setup and preparation, a onsite Auction Viewing time, Auction Day labor and various direct costs that might apply for your sale.

6. A Buyer’s Fee is used at Adams & Adams Auctions. This fee is charged to the Buyer, not the Owner and is used to offset the cost of doing business between Auction Sales. The Auctioneer retains the Buyers Fee.

7. Once a date has been agreed on for your sale, a time line with specific time schedules are then set so we can accomplish the proper details such as:

   A.     1-day for appointment to view inventory.

   B.     1-day to acquire description information, take photos for the brochure and newspaper advertisement.

   C.     1-day in the office to place this information on the Web Site, within the Brochure and create the Newspaper Ad. We also post our Auctions on several National Web Sites such as the Texas Auctioneers Association, the National Auctioneers Association and Auction Zip.

   D.     2-days to get the Brochure back from the printers.

   E.      ½ day to print Mailing list and address Brochures.

   F.      1-3 days of labor onsite for setup, market, display, arrangement and number your inventory.

   G.     1-½ days onsite to list descriptions and photo each item and lot being sold.

   H.     1-2 days in the office to place each items description and each photo on our Web Site.

   I.        Over 600 e-mails are then sent to Buyers notifying them about our Web Site updates.

   J.       ½ day to place the item list into the Auction computer and run off Buyer’s list copies.

   K.    ½-1 day for onsite viewing with 2 or more people to answer questions.

   L.      1-2 days to conduct the actual Auction onsite with a staff between 6-15 person Staff which include 1-2 Auctioneers, Auction Clerk, Cashier, Computer Operator, 1-2 people to Register Buyers, 1-2 people for Bidder Markings on purchased items and a 2-4 people for supervised Buyer Checkout that keeps the Bidders Buying and not having to watch their merchandise after they bid.

   M.   1-3 person Staff may be required onsite for any deliveries the next day after the Auction.
    

8. A complete computer print out is provided to the Owner on the day of the Auction Sale, which includes the Gross Sale Total, Item or Lot Number, Bidders Number and Amount bid. We handle all of the State Sales Taxes collected and remit them to the State each Month.

9. So we can make our Final Settlements to the Owner quicker, we remit the proceeds in two payments;

   A.     The first check is mailed to the Owner on the 10^th day following the sale for 25% of the Gross Sale. This is so the Owner can pay immediate expenses that may be required that may have been the reason for the Auction Sale.

   B.     The Owner receives their final check 8-days later less agreed upon Commissions and Expenses.

     Adams & Adams pride ourselves with a user friendly Auction System. We provide each Owner with Experience, a broad Product Knowledge Base, Extremely Efficient Marketing Capabilities, Online and Internet Experience, and a  Competent and Friendly Auction Staff.

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