At Doyle New York, we commit our renowned expertise, vast experience, market knowledge and global outreach to every sale. The numerous auction records set in our salesrooms are testimony to the advantages of selling your property at Doyle. In order to make the auction process as easy and convenient as possible, our team of dedicated professionals will guide you through the entire appraisal and auction procedure.
Doyle New York holds auctions throughout the year in a wide range of categories, in addition to sales of single-owner, specialty collections.
FREQUENTLY ASKED QUESTIONS
Does Doyle New York provide appraisals for insurance purposes?
Doyle New York specializes in "fair market value" appraisals, which are used for estate planning and division purposes. Insurance companies use "replacement value" appraisals, which Doyle does not provide.
When do I have to make the decision to consign property?
Doyle New York accepts property for auction throughout the year for the 40 auctions we hold annually. We advise sellers to consign their property at least two months in advance of the sale to allow for research, cataloguing, photography and publicity. Our specialists will work closely with you to respond to your individual situation.
I have decided to consign property. Do I need an appointment to drop it off?
Yes. Please contact our Scheduling Department to arrange a time to drop off your property, or to arrange use our truck service to pick up from your location. You may call us at 212-427-4141, ext. 260.
What if I have my own insurance?
In order to waive the insurance fee, the consignor must provide Doyle New York, at the time of consignment, a "Waiver of Subrogation" form available from our Scheduling Department. Any damage to the property is then the sole responsibility of the consignor.
What if my property doesn't sell?
In the unlikely event that your property fails to meet the minimum bid at auction, some charges may still be incurred. These include insurance, photography and the Internet fee. If the consignor has designated a reserve price, a buy-in fee will also be charged. You will be contacted by our Consignment Department regarding next step, which could include making arrangements to pick up the property or reconsigning it to a future auction with a reduced estimate.
OBTAINING AN APPRAISAL
The first step in selling property at auction is to obtain a free informal appraisal of the item. This appraisal includes an estimated value, which is the specialist's best judgement as to what the object will sell for at auction. The figure is based upon the specialist's expertise and knowledge of what similar items are fetching in the current auction market. You will also be provided with information on the appropriate auction, a timetable and an explanation of our terms of sale.
Doyle New York's specialists are pleased to meet with you in person to evaluate your property in your home or other location, in our New York saleroom, and in our regional offices. If you would like to schedule an appointment, please call us at 212-427-2730 or email info@DoyleNewYork.com
We welcome photographs of property to evaluate for possible auction. Please call 212-427-2730 to make an appointment. You may also submit images online or mail your photographs along with a printable submission form.
Regional Appraisal Days
Doyle New York's Regional Representatives host free appraisal days on a regular basis throughout Connecticut, Florida and the Washington, DC / Mid-Atlantic region, as well as in other areas. These popular events provide ease and convenience for collectors outside of New York who wish to sell their property at Doyle. At these events, we accept property for upcoming auctions in our New York salesrooms through both consignment and outright purchase.
SELLING YOUR PROPERTY
Doyle provides two options to those seeking to sell their property:
1. Outright Sale to Doyle
Outright purchase of property by Doyle New York allows the seller the advantage and convenience of immediate payment. Many sellers prefer this method of sale rather than consigning their property to auction and awaiting payment after the successful sale of the items. For further information please contact our Scheduling Department.
2. Consigning to Auction
In consigning property to auction, the seller retains ownership until the successful sale of the item at auction. When property is consigned to Doyle for auction, we devote the expertise of our specialists and professional staff to achieving an outstanding price at auction.
The Consignment Contract
When you consign property to Doyle New York you will receive two copies of our Consignment Agreement, the legal document delineating the terms of sale. One copy should be initialed, signed and returned; the other kept for your records. Once the property is received in our gallery, you will be sent a Contract Schedule listing the property, the planned sale dates, the estimated price ranges, and the reserves will be listed, along with the agreed upon seller's commission and other related fees.
Before an item is offered at auction, the consignor and Doyle New York may agree on a reserve price, a confidential minimum selling price. Unless a specific reserve is arranged, a discretionary reserve is fixed at fifty percent of the low estimate. If the consignor designates a reserve on a lot, and it remains unsold, there will be a buy-in fee charged on the reserve price.
AFTER THE AUCTION
A preliminary settlement statement itemizing the hammer prices, commissions and fees is mailed to the consignor after the auction. For real time sales results, you may view hammer prices or track your consigned property in the MY DOYLE section of our Web site. You may also call us at 212-427-2730 for prices realized.
Payment to consignors is mailed five weeks after the date of the sale, together with a final settlement statement. The amount of payment is the hammer price of each lot successfully sold, less the commission and any other fees.