There are several things to consider before putting an item up for auction. Whether to sell a piece at a live auction or conduct an online auction is an important decision. Most auction houses will set a reserve price. You will need to follow up with the auction house to ensure that they paid you the amount you expected. You should also check out the website of the auction house so that you know exactly what to expect.
Successful auctions depend on several factors, including the desirability of the property and the realistic expectations of the seller. The property should be well advertised, have at least two potential bidders, and be of reasonable market value. The auction process should also be conducted in a way that encourages the seller to achieve the stated price and terms.