Curated News
By: NewsRamp Editorial Staff
May 17, 2024
Fah Mai Holdings UK Head Jacob Carter Explains Auction Process
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- Sellers receive an extra 1% on the hammer price, giving them a financial advantage in the auction process.
- Fah Mai Holdings UK conducts two auctions per month, each lasting 2 to 4 days, featuring bottles and casks from global offices in New Jersey and Singapore.
- The auction process ensures transparency in pricing, providing honest valuations based on current market trends, making it fair for all participants.
- The types of auctions include no reserve, branded, and quarterly cask auctions, offering a variety of unique items for auction enthusiasts.
Impact - Why it Matters
Selling at auction can be a valuable way to get fair prices for valuable items. With transparency in pricing and a variety of auction types, sellers can feel confident in the process. This news provides valuable insight into the auction process for anyone considering selling their collectible whisky bottles or casks.
Summary
Fah Mai Holdings UK head and manager of @whiskybullauctions Jacob Carter explains the auction process. The company charges a 7% commission to the buyer, with free membership, listing, and reserve fees. They conduct two auctions per month, featuring bottles and casks from global offices in New Jersey and Singapore.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Fah Mai Holdings UK Head Jacob Carter Explains Auction Process
