International Society of Appraisers - Canada’s Post

World’s first ‘supercar’ expected to be sold for record-breaking price at auction The Mercedes-Simplex 60 HP, bought in 1903 by press baron Alfred Harmsworth, is expected to sell for £8 million. Bought in 1903 by the press baron Alfred Harmsworth and capable of the then almost inconceivable speed of 80mph, it has been described as one of the world’s first “supercars”. The Mercedes-Simplex 60 HP was the fastest production car in the world at the start of the 20th century. Now it is set to break more records when it goes under the hammer with an anticipated auction price of £8 million, making it the most expensive antique car to be sold at auction. Interest from wealthy collectors is expected to be high, with hot competition for a vehicle described as “among the finest and most significant of all antique cars” ever made. The record for a pre-1930s car is currently held by a 1924 Hispano-Suiza H6C “Tulipwood” Torpedo which sold for $9,245,000 (more than £7.3 million) in 2022. The Mercedes-Simplex 60 HP “Roi des Belges” is being sold by Gooding and Company’s Amelia Island Auctions in Florida on Feb 29 and March 1. https://lnkd.in/e2qtvJbY

HOW ACCURATE ARE GUIDE PRICES AT AUCTION? https://buff.ly/39HpPlV It’s true that property auction guide prices are calculated based on each lot’s “fair market value”. However, auctioneers often display marginally lower prices in order to attract bids. So it’s a good idea for buyers to consult guide prices for what to offer as a bid. Don’t stick to them religiously, though. It’s highly that you’ll end up paying a little more than the amount listed (especially in a hot market or if the property is in demand). If you’re a potential buyer, you should always arrange a viewing of any property in which you are interested. You should also do your own research into the sale prices of similar local houses. You may also want to arrange an independent survey to make sure you are thinking along the right lines when it comes to a bid. It is worth noting that, much like the reserve price, a property’s guide price may be changed right up until the auction. Call us 24/7 on 0800 044 3733 or visit us at: https://buff.ly/39HpPlV

HOW ACCURATE ARE GUIDE PRICES AT AUCTION? https://buff.ly/39HpPlV It’s true that property auction guide prices are calculated based on each lot’s “fair market value”. However, auctioneers often display marginally lower prices in order to attract bids. So it’s a good idea for buyers to consult guide prices for what to offer as a bid. Don’t stick to them religiously, though. It’s highly that you’ll end up paying a little more than the amount listed (especially in a hot market or if the property is in demand). If you’re a potential buyer, you should always arrange a viewing of any property in which you are interested. You should also do your own research into the sale prices of similar local houses. You may also want to arrange an independent survey to make sure you are thinking along the right lines when it comes to a bid. It is worth noting that, much like the reserve price, a property’s guide price may be changed right up until the auction. Call us 24/7 on 0800 044 3733 or visit us at: https://buff.ly/39HpPlV

HOW ACCURATE ARE GUIDE PRICES AT AUCTION? https://buff.ly/39HpPlV It’s true that property auction guide prices are calculated based on each lot’s “fair market value”. However, auctioneers often display marginally lower prices in order to attract bids. So it’s a good idea for buyers to consult guide prices for what to offer as a bid. Don’t stick to them religiously, though. It’s highly that you’ll end up paying a little more than the amount listed (especially in a hot market or if the property is in demand). If you’re a potential buyer, you should always arrange a viewing of any property in which you are interested. You should also do your own research into the sale prices of similar local houses. You may also want to arrange an independent survey to make sure you are thinking along the right lines when it comes to a bid. It is worth noting that, much like the reserve price, a property’s guide price may be changed right up until the auction. Call us 24/7 on 0800 044 3733 or visit us at: https://buff.ly/39HpPlV

HOW ACCURATE ARE GUIDE PRICES AT AUCTION? https://buff.ly/39HpPlV It’s true that property auction guide prices are calculated based on each lot’s “fair market value”. However, auctioneers often display marginally lower prices in order to attract bids. So it’s a good idea for buyers to consult guide prices for what to offer as a bid. Don’t stick to them religiously, though. It’s highly that you’ll end up paying a little more than the amount listed (especially in a hot market or if the property is in demand). If you’re a potential buyer, you should always arrange a viewing of any property in which you are interested. You should also do your own research into the sale prices of similar local houses. You may also want to arrange an independent survey to make sure you are thinking along the right lines when it comes to a bid. It is worth noting that, much like the reserve price, a property’s guide price may be changed right up until the auction. Call us 24/7 on 0800 044 3733 or visit us at: https://buff.ly/39HpPlV

Rare and Unusual: The Strangest Items Ever Sold at Auction This article explores some of the strangest items ever sold at auction, proving that there's a market for almost anything. Feb 01, 2024 In the world of auctions, the phrase "one person's trash is another's treasure" takes on a whole new meaning. From the bizarre to the downright perplexing, auctions have seen a parade of items that defy expectation and sometimes, explanation. This article explores some of the strangest items ever sold at auction, proving that there's a market for almost anything. A Slice of Royal Cake Imagine owning a piece of history, quite literally, in the form of a slice of cake. But not just any cake - a slice from the 1981 wedding cake of Prince Charles and Princess Diana. Despite being over three decades old, this piece of culinary history found a buyer willing to pay thousands for the honor. It's a testament to the enduring fascination with royal memorabilia, even when it's perishable. Invisible Artwork Art can be a subjective experience, but what about art that's literally invisible? In an auction that left many scratching their heads, an "invisible" sculpture by an Italian artist was sold. The artwork, made of nothing but air, fetched a substantial sum, challenging traditional notions of value and the essence of art itself. A Ghost in a Jar Perhaps one of the most eyebrow-raising auctions involved a "ghost" purportedly trapped in a jar. The seller claimed the ghost had been haunting his home, and the only solution was to capture it and sell it to the highest bidder. While it's impossible to verify the existence of the ghost, the jar found a buyer, proving the appetite for the paranormal in the auction world. Learn More: https://lnkd.in/gd7dh6au

Here's what is buzzing lately on our site! - New editorial: The Artful Appeal of Poster Collecting. Read for free here: https://lnkd.in/gPHMVZB9 - For Auction Houses - The Auction Catalogue, Re-Invented If you're an auction house specializing in collectibles and antiques, then this is for you: The Auction Catalogue, Re-Invented. Our latest service offers an opportunity for transformation, setting you apart in the auctions industry. Learn more here: https://lnkd.in/gkXkMQpv - Every month, we feature special discounts exclusively available to our email subscribers. This month, our subscribers are enjoying a 15% discount on ANY vintage military diecast toys available on the World Class Antiques marketplace: https://lnkd.in/g_eQvVyW If you're not already on our list, be sure to join! We send out a monthly newsletter, and you can unsubscribe anytime. If you're interested in seeing what we've sent out in the past, we maintain an archive here: https://lnkd.in/gRpkHPCy Finally, just a friendly reminder that our Spring Sweepstakes, where you have the chance to win one of 3 vintage Lehmann toys, will be closing in 8 days. If you haven't entered yet, now's the perfect time to do so. And if you've already entered, don't forget that our rules permit you to enter once every day, giving you more opportunities to win: https://lnkd.in/gkgQCPnQ #antiques #antiqueshop #auctionhouse #auctionhouses #collectibles #vintage

Direct Auctions, a leading auction house powered by Direct Liquidation, has announced an exciting partnership with The Mad Picker, a renowned expert in antiques and collectibles. This collaboration promises an unparalleled auction experience for buyers and collectors across Canada and the U.S. Jeff 'The Liquidator,' owner of Direct Auctions and Direct Liquidation, brings over three decades of expertise in the auction business. His team is dedicated to providing the best auction experience for both buyers and sellers. On the other hand, Wayne, known as The Mad Picker, boasts 50 years of experience in sourcing unique items and appraising valuable collections. 'We are beyond excited to partner with Wayne and The Mad Picker team,' said Jeff. 'This partnership allows us to expand our reach and offer buyers even more incredible items while maintaining the same level of care and curation that our loyal customers expect.' With the partnership now live, upcoming auctions will showcase a diverse range of high-quality goods, from rare collectibles to industrial tools. Both Direct Auctions and The Mad Picker will post auction announcements and previews on their respective platforms, ensuring buyers never miss out on the latest opportunities. For more information and to register for upcoming auctions, visit directauctions.ca or follow @directauctions and @themadpicker on social media for updates and sneak peeks. #auctionlife #collectibles #rarefinds #partnership #antiquesandcollectibles

⚡️Auctions: 1. Auction volumes in the combined capital cities are set to fall by more than 30% this week due to public holidays in several states. 2. Sydney is set to have the second busiest auction week of the year so far, with 958 auctions scheduled, up 6.7% from last week. 3. In Melbourne, auction activity is down by 64.9% this week, largely due to the Labour Day long weekend in Victoria. 4. Brisbane will host the most auctions across the smaller capitals this week, with 166 scheduled, followed by Adelaide with 115. 5. The overall number of auctions across the combined capitals is lower compared to the same time last year, with 1,773 homes scheduled for auction this week.

⚡ Auction Results Saturday, 20th July, 2024: 1. Sydney had the highest clearance rate at 66%, with 259 properties sold out of 390 reported auctions. 2. Melbourne had a clearance rate of 59%, with 304 properties sold out of 519 reported auctions. 3. Brisbane had a clearance rate of 47%, with 21 properties sold out of 45 reported auctions. 4. Canberra also had a clearance rate of 47%, with 16 properties sold out of 34 reported auctions. 5. Adelaide had a clearance rate of 53%, with 33 properties sold out of 62 reported auctions. The auction market shows a typical mid-winter slowdown in buyer activity, but strong seller activity. Despite lower clearance rates, the higher number of auctions indicates continued interest.