If you have never been to one of our auctions, here are a few questions you might find helpful – first some vocabulary…
AUCTIONEER is the person that conducts the auction.
The BIDDER is someone purchasing an item
A CONSIGNOR is the person with the property up for auction
The LOT means one or more items sold as a unit
FAIR MARKET VALUE means what the actual selling price would be today. Not what people are hoping to get but what it actually will sell for.
A RESERVE is a price that I have to sell an item for, not any less. This is set by the Auctioneer or consignor.
Some Frequently Asked Questions:
The first 3 Saturdays of every month at 7pm. Check our Auction Calendar
Everyone! Magnolia Gardens Auction House caters to the trade (dealers, decorators) but also to the general public, always a find for anyone. Just pick up a bidder’s paddle.
As all sales are final and all items are sold as-is, we know that adequate previewing is important. We are open Monday and Tuesday 9:30 a.m. to 3:30 p.m and at 5pm before auction start. If my doors are open you are welcome, just be aware it’s work in progress most of the time.
Payment in full is expected the day of the auction. The auction payment will include the bid amount, a buyer’s premium of 16% and state sales tax on the entire purchase unless you provide proof of exemption from sales tax. We accept American Express, Discover, Master Card and Visa, checks with proper identification and cash.
The best idea is to take your new treasures the day of your purchase. If you cannot take all of your items that day, all purchases need to be picked up before the next auction. If you need longer, please make arrangements with Tina. Items left any longer will then again become the property of Magnolia Gardens Auction House.
While Magnolia Gardens Auction House does not provide delivery services, we can provide a list of delivery companies who frequently help our customers.
We accept quality consignments. You may call us or send photos and descriptions of your items by e-mail to email@example.com
. . Please call for further information, including commission rates.
There is about a minute of quick bidding, from the time that auctioning an item begins to the time that it’s sold. Keep in mind the value of the item and your limit, but don’t lose it for the price of a cup of coffee!