Auction 101: What You Need to Know
Travis Landry, Toy Department Director for Bruneau & Co. Auctioneers & RI Comic Con
Auction 101: What You Need to Know
“Things," which translates to anything worth a buck is predominantly made up of art, antiques, and collectibles. With six figure highboys and million dollar lamps highlighted on television regularly, casual viewers gain a false confidence in their own knowledge and ability to work in the antique and auction world.
Learning The Rules Before Playing the Game
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTFor novice collectors, it's always best to learn the rules before playing the game. Whenever you buy at auction there is a buyer's premium, which is an additional cost applied to the hammer price. The buyer’s premium is a service fee charged by the auction house to cover administrative expenses for orchestrating the sale.
Today the industry standard for a buyer’s premium is twenty percent of the sale price with certain houses ranging as high as twenty-six percent. Aside from the buyer’s premium the winning bidder also pays sales tax unless it’s fine art, that’s tax free in Rhode Island.
What most people don’t know is that you don’t need to be present in an auction hall to bid, the majority of auctions today are live and online. Thanks to the internet, an auction is no longer limited to the people standing in a room but to the entire world.
Attend an Auction in Person
It’s great living in a digital world but there is no better way to gain antique experience than handling items physically and experiencing the auction in person. Every auction is an action packed emotion driven experience that creates the ultimate shopping experience. With an auction there is not a set price, the sky's the limit, and the reverse is there is no bottom.
Great deals can be had at auction and you never know what you are going to find.
For seasoned veterans they call it a “bug”, the bug being the antique bug, the need to constantly seek out, find, buy, and sell everything cool and collected.
Whether you’re an established collector, weekly Antiques Roadshow viewer, or you are hearing about auctions right now for the very first time, it’s a fun time that everyone should experience.
Comic Con 2015
Lou Ferrigno and Mayor Jorge Elorza cut the ribbon with lightsabers and open up Comic Con 2015.
Jessica Rabbit (right) from Who Framed Roger Rabbit.
Captain Marvel in attendance
The Punisher took time out of his busy schedule to attend RI Comic Con.
Rapunzle from Tangled
Interesting costume
Heavy Star Wars presence at Comic Con with The Force Awakens just over one month away. Hugs for Chewbacca.
Deadpool took a break from filming his upcoming movie to come to RI Comic Con.
Raven from the DC Superhero team, The Teen Titans.
Someone let Scarecrow out of Arkham Asylum. Don't let him inject you with his fear toxin.
Bounty Hunters made their way from the Star Wars galaxy.
Hatsune Miku
Dynerays Targarian
Darth Vader was at Comic Con hunting Luke Skywalker.
Fans take thier costumes seriously, lots of effort put into this one.
She looks evil
DC Comics had a heavy presence as always. From left to right is Wonder Woman, Batman, Harley Quinn and Batman.
Hellboy made it to Comic Con
Rhode Island Comic Con was a success in 2015
Some of the more interesting costumes at Comic Con.
The NiRoPe brothers from Cardis showed up.
Lots of photo opportunities with all kinds of characters. Including unicorns.
A Pirate took a break from sailing the seas
Back to the Future anyone? The Delorean
Security please
Deadpool costumes are always popular, especially now with the movie in production.
Skeleton hands, eyeballs, a knife and more on this costume. Very creative.
Thor took a break from protecting Asgard to come and help protect RI Comic Con.
With Suicide Squad coming out early next year, Harley Quinn was a popular costume at RI Comic Con
A Dalek from Dr. Who
Editor's Note: GoLocal mistakenly identified this as a Droid from Star Wars - we apologize for the error.
Tengen Toppa Gurren Lagann
Beware the Court of Owls.
A creepy faceless costume.
The Joker and Harley Quinn. Two characters that will be featured in the Suicide Squad movie.
Cruella Daville andher friends.
It's the Mario Brothers. Two Mario's, a Luigi and Toad tagging along.
Roman from RWBY and Amy from Sonic.
RWBY is a web series and it stands for Ruby,Weiss, Blake and Yang.
Captain America, Gambit (fom X-Men) and The Winter Soldier
A creepy scene.
Chewbacca, Princess Leia and Han Solo inside the Millinium Falcon ready to make the jump to light speed.
Despite Carrie Fisher dropping out last minute, her character was well represented at Comic Con. Lots of excitement for upcoming Star Wars movie.
The imperial Storm Troopers were present at Comic Con searching for Jedi Knights.
Deadpool haning out with Spider-Man and Spider-Man wearing an alternate Spidey suit.
Another busy vendor floor at Comic Con. Cool Comics, T-shirts, toys, video games and more.
Fans bring all kinds of costumes to Comic Con from all different genera's.
