The difference between auctions & tag sales. What is best for me?
Tag sales are a great way to liquidate assets if what is being sold is collectible, vintage, antique or unique. Normally tag sales are a three day sale, but could be longer depending on what is being sold. More collectors than re-sellers visit tag sales. At a tag sale, everything is marked with an asking price and longer setup time is needed to prepare.
Auctions are an easy way to liquidate assets. Auctions are usually a one day event where items are sold to the highest bidder. Everything is sold as is where is. While collectors do visit auctions, re-sellers tend to be more present. The commission charged for auctions is usually more affordable due to less setup time.
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