Auctions
every Wednesday!
Previews — 10:00am
— 6:00pm, Tuesday & Wednesday!
Selling
How can I sell my goods at auction?
You can sell your goods either on consignment or by direct CASH purchase.
What kind of goods are sold at an auction?
We auction almost anything of value. Furniture, antiques, appliances, collectibles, household misc., electronics, computers, tools, & much more. We accept individual items, entire households (estates), store close-outs & seized storage. We auction practically everything.
What is consignment?
When Lougheed Auction accepts goods on consignment, we auction your goods and charge a percentage of the sale price as our fee.
What is direct cash purchase?
If you wish, in most cases we will purchase your goods outright for CASH.
When will I get Paid?
Goods that are consigned for sale are paid for five days after they are sold at auction. Goods directly purchased are paid for when we pick them up or if you drop them off at our warehouse during normal business hours.
What if I need my goods picked up?
Cartage service is available for a nominal fee for consigned goods. Cartage on goods purchased direct is included in the purchase price.
Buying
When can I preview goods available for auction?
You may view the goods for sale every Tuesday 2:00p.m-6:00p.m. and all day Wednesday until the start of the sale.
Are there any guarantees or warranties on items sold during the auction?
With a few exceptions the majority of the items are sold "as is". Viewing of the items is particularly important for this reason to satisfy yourself as to what you are buying. All sales are final and returns are not accepted on damaged or non-working merchandise.
Do I have to attend the auction in person if I wish to purchase an item?
No. If you prefer not to attend the sale in person, you may leave an "absentee bid" and we will bid on that item or items on your behalf. If your bid is successful we will notify you the day after the auction for pick-up and payment. Absentee bids may be left in person at the auction house or by selecting the Absentee bids button in the main browser menu.
Will I pay exactly what I leave for Absentee Bid?
Not necessarily. The amount you leave authorizes us to bid up to that amount, but only if necessary. For example if you leave $50.00 on an item and the highest bid obtained on the floor is $25.00 you would purchase the item for the next sequential bid, which in this example would be $30.00.
What if I wish to attend the auction in person?
That would be great! All bidders must register and obtain a bidding paddle in order for us to keep track of your purchases throughout the evening. The auction begins at Lot #1 and carries on from there in sequential order. The ringmen hold the items up as they are being sold and the auctioneer will then ask the crowd for an opening bid. When an opening bid is obtained the auctioneer will then ask for advances on that bid and continue until a final selling price is established. At that time the item is then "knocked down" to the highest bidder. If you wish to bid on an item you raise your paddle in the air at the price the auctioneer is asking for. The ringmen will assist you if you have difficulty understanding what bid price is being called for by the auctioneer.
Are there any taxes or costs involved if I buy an item at auction?
Yes. All items sold are subject to a buyer's premium of 13% plus applicable taxes. For example: An item purchased for $100.00 would have $13.00 in buyer's premium and $14.69 in taxes due. Grand Total in this example $127.69. Registration is $1.00 for a bidding paddle and catalogue of items in that evening's sale.
How can I pay for goods purchased at the auction?
We accept the following forms of payment: CASH, VISA, M/C, INTERAC, CERTIFIED CHEQUE. We do not accept PERSONAL CHEQUES.
When must items purchased at the auction be removed from the auction?
All items purchased must be removed by the following day after the auction, unless arrangements have been made with the management to leave them there longer. Payment in full is required the night of the sale unless the item was purchased by an Absentee Bid.
Can items purchased at the auction be delivered?
Yes. For a nominal fee your items can be delivered to your home throughout the Fraser Valley and the Lower Mainland.
See you at the Auction!
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