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COMMONLY ASKED QUESTIONS

If you need an answer to a question that is not listed on this website, please give us a call. We are an honest, family-owned business and we will gladly take time out of our schedule to answer any questions that you might have about our company, services and business procedures.

IF YOU'VE GOT QUESTIONS, WE HAVE THE ANSWERS!

(918) 494-5790 / (888) 222-6354

  • WHERE ARE YOU LOCATED?
    We are located in Tulsa, Oklahoma at 1507 E. 71st St.. This address is directly on 71st Street between Lewis and Riverside (we are on the north side of the road). To our left is Farmer's Insurance, and to our right is Rivergate Church. You can't miss our building! There are 2 large black signs out front that read "Southside Auction" as well as a massive bronze horse!


  • WHO CONDUCTS YOUR AUCTIONS?
    Daniel Glossop is our primary auctioneer, our company treasurer and one of the original members of the founding family. Daniel is a respected member of the Tulsa community and a recognized figure in the Oklahoma auction community. Our company regularly employs other experienced auctioneers who help relieve Dan during the course of an auction (most auctions run 4-6 hours or more!). Real estate auctions are conducted by licensed sales associates with Smith and Smith, Realtors (Jim Smith, Owner/Broker)


  • WHAT DOES IT COST TO ATTEND ONE OF YOUR AUCTIONS?
    ABSOLUTELY NOTHING! There are no charges to attend our sale! You can come to bid and buy or you can come to watch Dan Glossop and our other auctioneers in action!


  • DO YOU CHARGE A BUYER'S PREMIUM AT YOUR AUCTIONS? / WHAT IS A BUYER'S PREMIUM?
    YES. Generally, our buyer's premium is currently 10%. A Buyer's Premium is a charge attached to every purchase that one makes at public auction. The buyer's premium helps us pay for labor, advertising, fuel, house expenses, etc. (the auction business is not a cheap business to be in!! The overhead costs of doing business are HUGE!) Large auction houses charge anywhere from 15%-35% or more; therefore, 10% is a very low buyer's premium.


  • DO YOU ACCEPT ABSENTEE BIDS?
    We do accept absentee bids on certain items. You must secure your absentee bid with Visa/Mastercard information. Please call us for more details about placing absentee bids: (918) 494-5790 / (888) 222-6354


  • WHAT FORMS OF PAYMENT DO YOU ACCEPT?
    Our company accepts Cash, Personal Checks, Cashier's Checks, Money Orders, Wired Transfers & most major Credit Cards. We accept Visa, Mastercard, American Express & Discover.


  • DO YOU ACCEPT RETURNS ON ITEMS?
    NO. All items sold at auction are sold in "As Is" condition and all sales are final and non-negotiable. It is the customer's responsibility to inspect items and determine values. Once the auctioneer's gavel falls and the word "Sold" is uttered, the item is yours.


  • WHAT DOES IT COST TO SELL ITEMS AT AUCTION?
    Items sold at auction are sold as consignments. Our company operates on a commission basis. This means that our company will take a small portion of the final sale price for all consigned items sold at public auction (including online sales). Here is a summarization of our basic rates: 25% COMMISSION: You bring the items for consignment to us and we sell them at public auction. If the items bring above $25.00, you will get 75% of the final sale price. 35% COMMISSION RATE: We pick up the items for consignment and sell them at public auction. *All consigned items selling below $25.00 will be charged a commission rate of 50%. This rule applies to all sales including items sold online.* * Vehicles are usually sold at a lesser commission rate (usually 15%).* * Real Estate is sold in accordance with the rules and regulations of the Oklahoma Real Estate Commission and our broker, Jim Smith. Please consult the "Real Estate Auctions" section of our website to learn more about our real estate auctions. For a copy of our consignment contract, please E-mail or fax us you name, address, telephone number and/or fax number. We can fax, E-mail or mail you a copy of our pickup, drop-off and Ebay contracts. Our contracts have a more detailed description of our terms of business. These advertised commission rates are what we generally charge the consignor for selling items at our auction house in Tulsa, Oklahoma. If you have any questions about this commission rate, please give us a call! If you have been shopping around to see what company has the best services, commission rates, etc., let us know what you've learned! We may be able to offer you a lesser commission rate or additional services that would better suit your needs! !! We Work for the Consignor !!


  • WHAT TYPES OF ITEMS CAN YOU SELL?
    Our company sells everything from the ordinary to the extraordinary! We are also licensed to sell Real Estate (via our broker, Smith and Smith, Realtors) & Firearms (we hold an FFL Class 01 license). If you wish to consign items for sale at our auctions, please call in advance.


  • DO YOU ACCEPT RESERVES ON CONSIGNED ITEMS?
    If you have an item of significant value consigned to sell at auction and wish to discuss the option of placing a reserve price on the item, please call us.


  • HOW DO YOU DETERMINE VALUES & STARTING BIDS?
    After 30+ years in this business, the auctioneer can usually guesstimate the average sale price of the items we sell. Dan's opening bids are based on past sales; however, when all is said and done, the bidders determine the value. As a courtesy to our customers, we start the bidding high and work our way down until someone likes the price.


  • DO YOU ADVERTISE YOUR AUCTIONS?
    YES! Our primary means of advertising is through newspaper ads in newspapers & other publications, facebook, our E-mail list & our website. Occasionally, our company will advertise sales through local radio and television stations. Our E-mail list covers several thousand repeat customers nationally and internationally. E-mail advertisements are sent out at least once a week.


  • DO YOU OFFER SAFE & SECURE STORAGE PRIOR TO YOUR AUCTIONS?
    YES! Our company is fully licensed and insured. Our auction house is also equipped with a sophisticated anti-theft system (indoor and outdoor surveillance) and several commercial grade safes. The Southwest Tulsa Police Station is located only minutes away from our location (in the event our alarm is activated, the police are usually onsite within 2-3 minutes or less!). Consignments of jewelry, coins and other fine valuables are usually re-located to our bank's vaults prior to the date of sale. If additional staff security is needed onsite or here at our auction house, we can always make arrangements! You don't have to worry about theft or a lack of security when you use our company!


NEED DIRECTIONS ?

Map of 1507 E 71st St
Tulsa, OK 74136-5006, US

(Click on Link for a Map)

SOUTHSIDE AUCTION CO., INC.
1507 E. 71st ST.
TULSA, OKLAHOMA 74136

(918) 494-5790 (local)
(918) 494-8693 (fax)
(888) 222-6354 (toll-free)
 
southsideauction@tulsacoxmail.com
(E-mail)

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    REAL ESTATE, FIREARMS, ANTIQUES, JEWELRY, ARTWORK, COLLECTIBLES & MORE!

    SOUTHSIDE AUCTION CO., INC.
    "A Tulsa Tradition Since 1956"
    1507 E. 71st ST.
    TULSA, OKLAHOMA 74136


    (918) 494-5790 or (918) 494-5032 (local) / (918) 494-8693 (fax) / (888) 222-6354
    (Toll-Free)
    southsideauction@tulsacoxmail.com

     

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