Dear Valued KOTN Members: Effective Immediately: Due to the developing events we are being pre-cautious and shutting down operations for the next 14 days starting Wednesday March 25th and will re-open Tuesday April 7th. Any active warranties from our March 15th auction will be extended until April 18th. Our current auction is being postponed until Sunday April 12th with all bids staying in place. Listings for the current auction will resume April 7th so stay tuned as we expect the next auction to be massive! Everyone’s safety is our top priority so we want to do our part in helping prevent the virus spreading throughout the community. Please note that this situation may change as we are constantly adapting to the advice and mandates by our Canadian Government. We will be providing customer support (only by emails and website messages) during our regular business hours of Tuesday to Saturday 10am-5pm. We encourage all of you to self-isolate and look forward to seeing you all again once this stabilizes. Thank you for your understanding.

Services

Online Consignments

We currently are not accepting consignments to be listed on our auctions however, we are planning to conduct auctions dedicated strictly to consignments.

We will update our consignment acceptance once we plan to do consignment auctions.

Consignments are always pre-judged by our staff beforehand. Items can be rejected by us if we deem it not worthwhile or not appropriate for our website.

Our consignment fees for most items will be $5 per listing and 25% of the bid amount. For very large items (size of a skid) the listing fee will be bumped up to $25 to compensate for the additional storage required (+25% of the bid amount).

Example A:

Your item sells for a bid of $100.

Our cut is $5 for the listing fee + 25% of the $100 bid amount, totalling $30. You would receive $70 for the item.

Example B:

Your very large item sells for a bid of $100.

Our cut is $25 for the listing fee + 25% of the $100 bid amount, totalling $50. You would receive $50 for the item.

Estate Auctions

We will gladly assist in your time of need if an Estate Auction is what you require.

Estate auctions are publicly displayed on our website in a dedicated catalogue.

Your address is kept private and not displayed on the website. It is only given to the winners of the items sold for pick-up purposes.

Estate Auction Procedure:

Our staff will first come to your Estate and do a quick walk around and discuss with you your plans for your estate auction and your expectations. We will use our professional judgement to discuss with you how we plan to list your items to ensure the maximum value out of them. (Example: How to list them either in lots or individually.)

There will be a consultation charge of $150 which must be paid upfront.

We then will take photos of your items and prepare the listings on our website. There is no MINIMUM or MAXMIUM of how many items we can list for you. Your estate auction will have a full 2 weeks of advertisement on our website unless you are on a tight schedule and need it done sooner (rush order pricing will need to be discussed and agreed upon).

Our commission is a flat 25% of the total estate sale if we are collecting the money at our facility and you are facilitating the pick ups. Otherwise, if you require us to be present the day of pick up to handle payment and assist with the pick-ups there will be an additional $500 charge.

You will be paid out within 3 days from the auction pick up day via certified cheque.

On-site Auctions

If your business is closing, downsizing or simply liquidating inventory, we will gladly assist in your time of need by running an on-site auction with your inventory.

On-site auctions are publicly displayed on our website in its own dedicated catalogue.

Your address is kept private and not displayed on the website unless you choose otherwise.

Any necessary information is only given to the winners of the items sold for pick up purposes.

On-site Auction Procedure:

Our staff will first come to your location and do a quick walk around and discuss with you your plans for your on-site auction and your expectations. We will use our professional judgement to discuss with you how we plan to list your items to ensure the maximum value out of them. (Example: How to list them either in lots or individually)

There will be a consultation charge of $150 which must be paid upfront.

We then will take photos of your items and prepare the listings on our website. There is no minimum or maximum of how many items we can list for you. Your on-site auction will have a full two weeks of advertisement on our website unless you are on a tight schedule and need it done sooner (rush order pricing will need to be discussed and agreed upon).

Our commission is a flat 25% of the total estate sale if we are collecting the money at our facility and you are facilitating the pick ups. Otherwise, if you require us to be present the day of pick up to handle payment and assist with the pick-ups there will be an additional $500 charge.

You will be paid out within 3 days from the auction pick up day via certified cheque.

Sell Your Inventory

We are always looking for more inventory. If you have inventory you would like to liquidate feel free to email us at [email protected] with the following information:

  • Each item name and model number
  • Quantity of item(s)
  • Condition of item(s)
  • Location of item(s)
  • Photos