Step 6: Attend or support the auction
Attending or supporting the auction is a significant consideration in the process of selling a necklace or pendant at auction. While it is not a requirement for you to be actively involved in the sale, you may also be able to answer questions from potential buyers and make final adjustments to your asking price, based on feedback from the auctioneer.
Step 7: Selling your necklace or pendant at auction
The final step in the auction process is meeting a “reserve” price for your necklace or pendant. The auction house will handle the bidding process, and when the auction is over, they will inform you of the final selling price. If you are happy with the price, you will sign a contract and receive payment. If you are not happy with the price, you can decline to sell your necklace or pendant.
While selling a necklace or pendant at auction can be a great way to turn your jewelry into cash, it’s important to understand how the auction process works. Lion and Unicorn specializes in auctioning jewelry and is capable of assisting you with all aspects of the appraisal, listing, and sale process. With careful planning and preparation, you can maximize the value of your necklace or pendant and sell it for the best possible price.