The auction process of collectibles is as follows:
1. Collectors participate in the collection of the auction company's collections, and the auction company's professionals identify, evaluate and determine the items to be auctioned. Both parties agree to reserve the price and go through the auction procedures.
2. Catalogue marking: the auction house takes photos of each lot, annotates and researches the text, sorts out the serial numbers of the lots, and prints the auction catalogue.
3. Publish advertisements. According to the auction plan, release the auction announcement, contact new and old buyers, promote sales and attract investment.
4. Prepare the auction according to the scheduled time and place.
5. Hold an auction. The auction house organizes a preview before the auction, which usually lasts for more than 3 days. The preview is to let the lot meet the buyer and better communicate and recommend. After the preview, the auction will begin. The auction will be held in a pre-arranged venue and organized by a national registered auctioneer.
Batch handover. After the buyer pays the price and commission, he can take away the lot he bids. For unsold auctions, customers will get back their collections within one month after the auction.