There are a number of ways to bid at auction. We strive to make the process as simple and convenient as possible for our clients.
To bid in any sale, a client must register with Treadway prior to or at the sale. To register, Treadway requests that the client provide a form of photo identification, such as a state-issued driver’s license, passport, or government-issued identification. If this is the client’s first time bidding, Treadway reserves the right to require bank references or a credit card. All clients, established or new, will be asked to provide client’s most up to date contact information. If bidding on behalf of another, Treadway requires authorization of the absent client, and identification from both parties.
A client unable to attend the sale may bid via phone, absentee, or online. Please complete and submit an absentee or telephone bid form as included in the catalog, on our website, or at the auction house. Treadway assumes no responsibility for a failure to execute any bid or errors or omissions made in connection with any remote bidding arrangement.
During phone bidding, an agent representing Treadway will call the client during the live sale to execute bids on client’s behalf. The client should instruct Treadway’s agent to bid as they choose. Please make arrangements for phone bidding as early as possible as there are a limited number of phone lines available. Treadway does not guarantee an available phone line if arrangements are made after 5:00pm EST on the day prior to a sale. Please note that phone bidding is reserved for items estimated at $500 or greater.
Clients may leave absentee bids to be executed by one of our representatives. During the sale, Treadway will bid on client’s behalf up to but not exceeding client’s limit. It’s recommended that clients submit absentee bids as early as possible in the correct increments as shown below. Should identical absentee bids from separate clients come in, the first one received will be honored. Please submit absentee bids prior to 5:00pm EST on the day prior to the sale.
Internet bidding is available through online platforms. Treadway is not responsible for errors or omissions when client utilizes said platform. Please note an additional 5% will be added to buyer’s premium on lots purchased via an online bidding platform.
Auction increments are as follows:
$0-500 $25 increments
$500-1,000 $50 increments
$1,000-3,000 $100 increments
$3,000-5,000 $250 increments
$5,000-10,000 $500 increments
$10,000-30,000 $1,000 increments
$30,000-50,000 $2,500 increments
$50,000-100,000 $5,000 increments
$100,000+ $10,000 or auctioneer’s discretion
SELLING AT AUCTION
Treadway is always seeking new consignments for auction or private sale. Take advantage of our worldwide mailing list built over nearly 40 years of business. Our catalogs are exceptional, our commissions are incredibly competitive, and payment is prompt.
Property evaluation & pre-auction estimate:
The first step is in the process is to obtain a property evaluation. Please send us images of your items along with any information you may have about them, such as dimensions, provenance, and condition. Please include your contact information in the correspondence as well.
This information can be submitted vie email at info@treadwaygallery.com or mailed to Treadway, 2029 Madison Road, Cincinnati, OH, 45208.
We will review your items immediately. We will offer a pre-auction estimate as well as an idea of which auction(s) we would place the items in. We can help you arrange safe and cost-effective shipping. Once the items are received, we will send you a consignor agreement.
INTERESTED IN CONSIGNING?
How we handle your consignment:
Your items are fully insured once they reach our location. They’ll be photographed, advertised in our full-color catalog both in print and on our website, and marketed worldwide via publications, email alerts, and third-party online hosts such as Live Auctioneers and The Saleroom.
Among the best in the industry, our catalogs create the finest possible marketing tool for our consignors. The full-color catalogs are available well before the sale, allowing potential buyers time to explore their options and choose to participate in bidding. Additionally, we hold a lengthy preview to accommodate buyers who wish to personally examine objects of interest.
If necessary we can arrange for restoration of items. Our restoration professionals are among the very best in the industry and we are able to arrange a reasonable price when their services are utilized.
Commission rates:
$0-1000 – 20%
$1001-2500 – 15%
$2501-5000 – 10%
$5001-10,000 – 5%
0% commission for $10,000+