5. What are the two types of auctions?
Reserve and absolute. In a reserve auction, our expert senior appraisers will collaborate with you to determine the minimum value of your estate. If the bidding does not reach the pre-set price, then you have no obligation to sell your property. A reserve auction allows the seller the comfort of said reserve price combined with the opportunity of highly competitive bidding.

In an absolute auction, we work with no reserve. The highest bidder secures the property. And because of a perceived “opportunity” by the buyer, more buyers show up. It’s a proven fact that this method also offers the greatest possibilities of generating more bidding and more money than any other option available to sellers today.

6. What if the highest bid is not satisfactory to me?
In a reserve auction, the seller has the sole discretion to sell or not to sell his or her property. In an absolute auction, you may be surprised by the large number of bidders, and in turn, by the higher selling price.