Program Details

The Easiest Way to Sell

 

888 Auctions’ Consynor Dealer Program is a service for galleries and dealers to utilize our existing cataloguing and marketing infrastructure without the added costs of subscribing to a ‘premium’ service charging ‘premium’ subscription fees most often seen in other online platforms such as eBay, Artnet, 1stDibs, or Artsy.

Understanding the time and energy that goes into the operation of a successful gallery, 888 Auctions hopes to alleviate the administrative responsibilities while allowing galleries and dealers the opportunity to do what they do best: prioritizing their efforts into cultivating relations with other dealers and clients and acquiring items.

As an exclusive partner of 888 Auctions’ Consynor Dealer Program, the following services are provided without your item(s) never having left your possession:

  • Auction Platform:
    • By virtually consigning your items with 888 Auctions, your items will be published in our auction catalogues where bidders from the floor, over the phone, and five different platforms will be bidding against each other where highest prices can be realized within a span of a few seconds. Ditch online platforms holding your items hostage while also charging you unfair subscription fees. Partner with 888 Auctions and list your items with us today!
  • Catalogue Production:
    • Should you choose to have your items submitted to us, your items will be included in our next auction; we conduct auctions every other Thursday on a bi-monthly schedule
  • Marketing Exposure:
    • Your items will be published in our auction catalogues where bidders may bid in real-time while the auction is broadcast live on five different platforms (LiveAuctioneers, Invaluable, iCollector, Bidsquare, 888 Auctions’ own bidding platform)
  • Clerking & Collection:
    • Clerking and collecting payment from clients can oftentimes be a frustrating experience. However, partnering with 888 Auctions allows us to handle the clerking of sold lots, the invoicing of winning bidders and the collection of payment in a timely manner. Any issues regarding non-payment are handled swiftly and without hassle to you and your business.
  • Customer Service:
    • An account manager will be personally assigned to your gallery to handle all customer related inquiries relating to your virtually consigned items. Your personal account manager will be in direct communication with you before and after the auction and will be the primary liaison between you and 888 Auctions.
  • Cash Advance:
    • A pilot project that is currently close to being launched, you will soon have access to immediate funds without the stress of waiting for the payment of your items at the end of an auction (which can take as long as four to six weeks). There is no need to wait for the auction to be completed nor do you have to be concerned about whether your items will be sold. Have cash advances approved quickly, prioritize your responsibilities as a dealer, and invest your time in the things that matter to you.

Sit back and relax. From the virtual intake of your items to the collection of payment, 888 Auctions’ Consynor Dealer Program has you fully covered so that you get paid quickly.

 

FAQ

How much does Consynor cost?

  • Once you agree to sell your item, you can earn as much as 97% of the final sale price.

When and how do I get paid?

  • We’ll pay you within forty to forty-five (40-45) calendar days after the live auction date, via cheque.

Where will my items appear?

  • Your items will appear simultaneously in auction catalogues we publish on five different platforms as well as on our own website at bid.888auctions.com.

I wish to place my items in separate lots. Can I split my lots and publish them in different catalogues?

  • Yes, in consultation with your account manager, you have the luxury of splitting your items into auctions we conduct throughout the year.
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Appraisals

888 Auctions has been providing professional appraisal services for over a decade. Our specialists are internationally recognized as experts in their fields. We create comprehensive written appraisals with objective, justified values

There are many reasons for which you may require an appraisal including:
- Estate Planning and Tax Reporting
- Insurance Coverage or Loss/Damage Claims
- Equitable Distribution
- Charitable Donation
- Donation of Certified Cultural Property
- Bankruptcy, Divorce or Partnership Dissolution

Whether a simple valuation for sale or a complex inventory, we can provide you with the information you need to make informed decisions. We can also provide verbal appraisals when circumstances warrant a more informal, lower cost approach.

Please contact This email address is being protected from spambots. You need JavaScript enabled to view it. and an appraiser will be appointed to serve you.

Our Appraisal Services

Estate Planning and Tax Reporting
In the case of an estate, a fair market value appraisal is used for the function of determining estate administration taxes and to assist in the division of property. According to the Canada Revenue Agency the generally accepted meaning for Fair Market Value is “the highest price, expressed in terms of money, that the property would bring in an open and unrestricted market between a willing buyer and a willing seller who are both knowledgeable, informed and prudent, and who are acting independently of each other”.

Insurance Coverage or Loss/Damage Claims
Whether you require an appraisal for insurance coverage, to file a loss claim, or because you are shipping or moving items and it is required by your mover, our insurance appraisals will minimize any risk of you not receiving the full value for your property, yet ensure you aren’t overpaying for coverage.

Charitable Donation
When you donate property to a registered charity, you qualify for a tax credit based on 75% of the fair market value of the property. If the deduction is $1000 or greater, you are required by Revenue Canada to have a fair market value appraisal. Capital gains taxes must be paid on the difference between the fair market value and the price at the time of purchase.

Donation of Certified Cultural Property
Certified cultural property donations bring the greatest tax benefits, as they are not subject to capital gains tax. You can claim the full 100% of the appraised fair market value. If the donation is $50,000 or less you will require one fair market value appraisal. If the value is greater than $50,000 you are required to submit two appraisals, prepared independently of each other. The appraisals must meet the format guidelines established by the Canadian Cultural Property Export Review Board.

Certified Cultural Property is described by Revenue Canada as a property of outstanding significance and national importance to Canada, for which the Canadian Cultural Property Export Review Board has issued a certificate. if the cultural property is not certified, the donation is considered a regular gift in kind and you will receive an official donation receipt based on the fair market value however you will not receive the same tax advantages as a certified cultural property. Regardless of whether the cultural property is certified or not, you will require a fair market value appraisal for gifts $1000 or greater in value.

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Forms

pdf

Absentee Bid Form

Use this form to place an absentee bid or telephone bid for an upcoming auction.
Size : 120.88 kb
pdf

Credit Card Authorization & Shipping Release Form_2014

Pay for your invoice and release your item to the shipper using this form.
Size : 281.13 kb

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