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CONSIGNMENT AGREEMENT Public CONSIGNEE (Auction): ADELA Auctions Canada Corporation o/a ADELA Winnipeg 1 Mile North of the Perimeter, Hwy 7 Winnipeg, Manitoba R3C 2E6 Tel: 2046974400 A Fax No. 2046326872

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How to fill out consignee auction

01

Step 1: Obtain a consignee auction form from the auction organizer.

02

Step 2: Read all the instructions and requirements stated on the form.

03

Step 3: Provide your personal details such as name, contact information, and address in the designated fields.

04

Step 4: Specify the items you wish to consign for auction, including a detailed description, condition, and estimated value.

05

Step 5: Set a reserve price if desired, which is the minimum price you are willing to accept for the item.

06

Step 6: Submit the completed consignee auction form to the auction organizer.

07

Step 7: Await confirmation from the auction organizer regarding the acceptance of your consignment.

08

Step 8: If your consignment is accepted, arrange for the delivery of your items to the auction location.

09

Step 9: Attend the auction event to monitor the bidding and final sale price of your consigned items.

10

Step 10: If your items are sold, you will receive a settlement statement from the auction organizer indicating the final sale price and any applicable fees or commissions.

11

Step 11: Collect your proceeds from the auction organizer as per the agreed terms.

12

Step 12: In case your items didn't sell, discuss with the auction organizer for alternative options such as re-listing in future auctions or retrieving your items.

Who needs consignee auction?

01

Individuals who have valuable items they wish to sell through an auction.

02

People looking for a platform to reach a wider audience and maximize their chances of selling their items at a fair price.

03

Collectors or dealers who want to expand their inventory by acquiring items from consignee auctions.

04

Individuals who don't have the resources or expertise to organize their own auction and prefer to consign their items to a professional auction house.

05

Anyone who wants to explore the excitement and potential financial gain of participating in an auction.

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What is consignee auction?

Consignee auction is a process where goods are sold to the highest bidder on behalf of the consignee.

Who is required to file consignee auction?

The consignee or the authorized representative of the consignee is required to file the consignee auction.

How to fill out consignee auction?

To fill out consignee auction, the consignee must provide detailed information about the goods being auctioned, including the description, quantity, and estimated value.

What is the purpose of consignee auction?

The purpose of consignee auction is to sell goods that have not been claimed by the consignee or owner, in order to recoup storage and handling fees.

What information must be reported on consignee auction?

The consignee auction report must include details about the goods being auctioned, the auction date and location, and any fees or charges incurred.

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