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Auctioneers
RECYCLING & RUBBISH REMOVAL
Paines_Logo_2x3 12/16/10 10:58 AM Page 1
BECAUSE SERVICE MATTERS
PAINES_logo_BSM.indd 1 4/26/13 2:35 PM
Paine's continues to pave the way for innovative and clean energy
consumption with their new fleet of compressed natural gas
vehicles. With the help of capital financing through Simsbury Bank,
it was made possible.
As a charter customer since 1995, Paine's and Simsbury Bank
have worked together to improve our communities by pioneering
customer-friendly solutions.
Paine's is leading the
to a greater tomorrow
and we've got their back.
SimsburyBank.com
"Because of the competitive
rate Simsbury Bank offered,
we were able to finance our
new trucks and still have
capital left over to cover
driver training and education,
retrofits for our garages and
initial maintenance costs."
– Mike Paine
Auction will go into a home and process all the
items inside for auction, donation, or the trash
bin. "We really need to be a one-stop shop. That
is the demand we're getting," said Soucy.
Liscomb said Baby Boomers are retiring
at the rate of 1 million a year and they typical-
ly accumulate 30 to 40 years of stuff. Auctions
are proving to be a popular business with Mil-
lennials who like to source repurposed items.
Marketing for an auction house relies
heavily on the Internet. Top Google placement
is important as bidders will come from differ-
ent states and even other countries to bid over
the phone during auctions. Internet market-
ing becomes more important as Baby Boom-
ers rely more on the web for finding goods and
services. "We hear from a lot of people who
didn't know who to call," he added.
Auction houses make their money by
charging a 15 percent buyer's premium,
which pays for overhead costs like market-
ing and rent. The seller doesn't pay fees.
Instead a commission is charged on a sliding
fee depending on the value of the item with
commissions dropping as value increases.
Furniture from the 1960s is drawing strong
interest at auction houses. Soucy said it's more
popular than 1860s furniture. "Traditionally
when the economy goes soft, the used furniture
market picks up and antiques go soft," he said.
Scott said costume jewelry is selling well
now. "Five years ago people would throw it
away," he added.
The same is true of Baby Boomers' play-
things from childhood. "A lot of Baby Boom-
ers are trying to buy back the toys of their
youth," Soucy said. "We just had a sale of G.I.
Joes. Things were going crazy." n
A CT Auction House artifact that's on the market.
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