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Misc. & Antique Auction Seller Information

The following is a list of seller rules, regulations, commission schedule, other services and procedures for the Miscellaneous and Antique Auction.

GENERAL INFORMATION
Auction held every Wednesday at 9:00 AM. All merchandise unloaded for auction must be offered for auction at auction time. No private selling of merchandise between consignors and buyers. Shipshewana Auction Inc. has the right to reject any article to be offered for auction. (No article depicting nudity, guns except black powder, slot machines or any objectionable objects to be offered.) A fee may be assessed for merchandise of questionable quality. Consignor is responsible for the handling of merchandise at auction time. (Rep. Service available.) The handling of merchandise at auction time and treatment of your buying customers should reflect the Golden Rule: Do unto others as you would have them do unto you. Shipshewana Auction, Inc. assumes no responsibility for damaged or stolen property. Please, no parking in front of any door. Side and overhead doors operated by authorized personnel. No guarantee of selling time or auctioneer. Minimum opening bid - $5.00. Our Goal To have your checks available one hour after your last item is sold.

SPACE INFORMATION
Availability: First come first serve basis or reserved ahead. Most spaces are reserved in advance as spaces generally sell out several weeks in advance. Size: Most approx. 7 x 9 , some approx. 9 x 12& (Pickup load = 1 space, Van load = 2 spaces, bigger trucks = 3 to 4 spaces.) Rates: $10.00 to $20.00 per space. No refunds if spaces are forfeited. Areas: Most spaces are general auction spaces plus the absolute, specialty and furniture section. Reserved Occupancy: Spaces must be occupied by reserving party by 6:00 AM Wednesday to avoid possible reissuing of spaces by Shipshewana Auction, Inc. No refunds, subleasing or transferring of reserved spaces. Check office for start times, positions, specialized auctions and areas in building.

UNLOADING INFORMATION
Year-round Unloading Hours:
Tuesday 7:00 AM - 5:00 PM
Wednesday 5:30 AM - 8:00 AM
Off day unloading hours available, check office for rates and availability.

RESERVED SPACES NEED TO BE OCCUPIED BY WEDNESDAY 6:00 AM ___________________________________________________________________________

PROCEDURE
Park where directed or in a valid parking space. Check with auction personnel. You and your vehicle will be directed to your auction space. Unload in a timely fashion. Your vehicle will be directed out of the building by auction personnel. Do not move vehicle in building without assistance from Shipshewana Auction personnel.

PARKING INFORMATION
From Memorial Day through Labor Day a parking fee or permit is required to park on Shipshewana Auction Inc. property. Auction parking permits ($35.00 per season) are available in the Misc. office. All other fees collected by gate attendant. You are expected to respect gate attendant and park where directed.

COMMISSION SCHEDULE & FEES
Commissions are based on gross sales and lot averages

Gross Sales

Lot Averages*

Rate

$6,000 and Up

$60.00 and Up

9 %

$40.00 - $59.99

10 %

$39.99 and Down

11 %

X

$4,000 - $5,999.99

$600.00 and Up

9 %

$50.00 and $599.99

10 %

$30.00 - $49.99

11 %

$29.99 and Down

12 %

X

$3,000 - $3,999.99

$600.00 and Up

9 %

$100.00 - $599.99

10 %

$50.00 - $99.99

11 %

$30.00 - $49.99

12 %

$29.99 and Down

13 %

X

$2,000 - $2,999.99

$600.00 and Up

10 %

$100.00 - $599.99

11 %

$50.00 - $99.99

12 %

$30.00 - $49.99

13%

$29.99 and Down

14 %

 

$1,000- $1,999.99

$600.00 and Up

10 %

$100.00 - $599.99

12 %

$50.00 - $99.99

13 %

$30.00 - $49.99

14 %

$29.99 and Down

15 %

X

$999 and Down

$600.00 and Up

10 %

$100.00 - $599.99

12 %

$50.00 - $99.99

14 %

$30.00 - $49.99

15 %

$20.00 - $29.99

16 %

$10.00 - $19.99

20 %

$9.99 and Down

30 %

*1 Lot = A sale transaction regardless of how many items are in that lot.

MAXIMUM COMMISSION CHARGE
$150/Lot

NO SALES
10% with maximum $30.00/Lot

NO BIDS
$1.00/Lot

NO SALE ITEMS/ITEMS SOLD WITH RESERVE BID:
You as a seller have the right to “no sale” items or have items you want to offer with a reserve bid; however experience has shown us that a consignor that “no sales” items on a regular basis discourages buyers to purchase items from your consignment at that time or even in the future if you sell with us on a regular basis.  We encourage you to sell all items to the highest bidder. Our “no sale” policy is this:  You will pay regular commission on the last bid received with a maximum charge of $30.00 per no sale item.  The “no sale” needs to be declared before the auctioneer drops the hammer and declares the item sold.  Two ways of handling your reserved items:

  1. Before the item goes up for auction, tell the auctioneer that you are selling the item with reserve, while not stating the reserve amount.  Then let the bidding take its own course.  Before the auctioneer sells the item the auctioneer will ask you “yes” or “no”.  You either say “yes it sells” or “no I can’t sell it”.

  2. You may state a bid on an item prior to the sale of the item.  At that point the auctioneer will use your stated bid as the opening bid and ask the crowd for the next appropriate higher bid increment.  If no one bids then the item will “no sale” at your stated reserve bid. 

OTHER SERVICES

Table Rental – 8’ table = $7.00 6’ table = $6.00
Tables available day of setup.

Lighted Showcase – 6’ tall lighted showcase = $15.00
Showcases may be reserved in advance

Electric - $4.00

Rep Service – Experienced help available. Check office for rep rates.

*For a job well done, tips are accepted and appreciated by your auctioneer and clerk.
Floor plans available on our Consignor Tip for Successful Selling sheet of information.

 

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