Fah Mai Holdings UK Head Jacob Carter Explains Auction Process

Fah Mai Holdings UK Head Jacob Carter Explains Auction Process

Key Takeaways (TLDR)

• Sellers receive an extra 1% on the hammer price, giving them a financial advantage in the auction process.

• Fah Mai Holdings UK conducts two auctions per month, each lasting 2 to 4 days, featuring bottles and casks from global offices in New Jersey and Singapore.

• The auction process ensures transparency in pricing, providing honest valuations based on current market trends, making it fair for all participants.

• The types of auctions include no reserve, branded, and quarterly cask auctions, offering a variety of unique items for auction enthusiasts.

Why it Matters

Selling at auction can be a valuable way to get fair prices for valuable items. With transparency in pricing and a variety of auction types, sellers can feel confident in the process. This news provides valuable insight into the auction process for anyone considering selling their collectible whisky bottles or casks.

Summary

Fah Mai Holdings UK head and manager of @whiskybullauctions Jacob Carter explains the auction process. The company charges a 7% commission to the buyer, with free membership, listing, and reserve fees. They conduct two auctions per month, featuring bottles and casks from global offices in New Jersey and Singapore.

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