AUCTION HOUSE FROM DRESDEN
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FAQ from A to Z

After the auction has successfully ended, buyers will automatically receive an email with their invoice for payment and a link to arrange a pickup date.

For both consignors and buyers, we take care of creating all documents relevant for accounting, while our system automatically monitors the respective process status and deadlines.

Fixed assets, consisting of tangible or intangible assets, include parts of the company's assets that serve the company's long-term business purpose.

There is no significant difference between an auction and an auction. The terms are generally used synonymously.. Both refer to a type of negotiation regarding the purchase price of goods, in which interested parties (bidders) submit binding bids on an auction item. The sale is usually made to the highest bidder.

We value fixed assets, current assets and private assets, arrange purchase offers and commission valuations, e.g. for going concern/break-up values or vehicle and real estate valuations (market value).

In industrial and commercial applications, equipment often requires special disassembly prior to removal. Responsibility for this is assumed upon submission of a bid, and we are happy to assist with arranging disassembly services, transporters, or freight forwarders if necessary.

Divestment, or divestment, refers to the release of capital through the sale of assets, i.e., the conversion of tangible assets into liquid assets. We are the right partner for this process.

What you write stays with us, which is why we document, inventory, catalog, evaluate, automatically invoice and pay out everything for you.

The income approach is a method of valuation that is primarily used for real estate and calculates the value based on the future expected income. For real estate, it takes into account factors such as rental income, management costs and interest rates, but can also be adapted for other assets such as companies, used cars or patents, while maintaining the basic principle of valuation based on future income..

We handle invoicing and prepayment for our buyers. We also handle all export formalities for our consignors.

The going concern value, which may be relevant at an auction, refers to the estimated value of a business or asset if it continues to operate and takes into account future earnings and the ability to continue operations without interruption.

A private sale allows objects to be sold directly at a fixed price and without an auction, whereby buyer interest is expressed by a price suggestion and the auction house decides on the acceptance of the bid.

In the event of insolvency, we as an auction house auction off the remaining assets of the insolvent company or private individual in order to achieve the highest possible proceeds and thus satisfy the creditors as best as possible.

Our team will be happy to take care of the inventory, inspection, photography, and cataloging. Accounting documents such as inventory lists, purchase invoices, or fixed asset statements are helpful.

Bankruptcy is a term often used colloquially for insolvency. It refers to the insolvency of a company or individual and was replaced by "Insolvenz" in 1999 when the Insolvency Code (InsO) replaced the previous Bankruptcy Code. In Austria and Switzerland, "bankruptcy" remains the official term for the judicial division of an insolvent debtor's assets. The introduction of the Insolvency Code in Germany aimed to provide greater creditor protection and ensure a more dynamic resolution of corporate and personal insolvencies. In contrast to the previous Bankruptcy Code, it offers better opportunities for securing jobs and restructuring companies.

Liquidation is the orderly process of dissolving a company, in which assets are sold, debts are settled, and the company is removed from the commercial register. It can be done voluntarily by shareholders' resolution or by force, for example, in the context of insolvency.

The liquidation value indicates the total sales proceeds of all assets of a company upon its dissolution. The disposal values can be significantly lower than the book values of the individual assets on the balance sheet, but we work with minimum prices when necessary.

Our buyer network extends internationally across the globe. We promote each auction with targeted marketing campaigns, for example, on Google and social media.

If you specify a minimum price and enter a bid that is equal to or higher than the minimum price into the bidding agent, the minimum price will be automatically bid (see Terms and Conditions).

Have you inherited something or been appointed as an estate administrator to monetize an estate, for example, through a legacy donation? We implement the monetization with planning and intelligence.

The post-auction sale is a process in which auction houses offer unsold lots for direct purchase after an auction for a limited period of time. The prices are usually based on the original starting price or a minimum bid previously agreed with the seller. This process enables auction houses to sell failed objects and increase sales success.

HERE you will find detailed information on net export purchase processing

The asset value method is a valuation method that calculates value based on the manufacturing or replacement cost less wear and tear. The focus is on the tangible value or replacement cost.

In the context of an auction house, we act as escrow agents, acting as independent intermediaries between seller and buyer to ensure a safe and fair transaction. We manage the goods and payments in escrow until complete settlement.

Current assets include all assets of a company that are to be consumed, processed, sold, or repaid by debtors in the short term (usually within one year). They typically include inventories, receivables, securities, and cash and cash equivalents. Unlike fixed assets, they are not used permanently for business operations but are subject to operational processes such as procurement, production, and sales.

The comparative value method is a precise method and is primarily used in the real estate sector, but can also be used for the valuation of goods, for example. The basic principles of the comparative value method—such as selecting suitable comparable properties and considering factors influencing value—remain similar to those used in real estate valuation. However, the specific characteristics and market conditions of the respective sector must be considered.

 The market value is determined by the price that could be achieved at the time of creation, in the ordinary course of business, according to the legal circumstances and actual properties, the other characteristics and the location, the valuation without taking into account unusual or personal circumstances.

We place great emphasis on VALUE, and VALUATION refers to the process of selling items through auction to achieve the highest possible financial return. The auction house acts as an intermediary between seller and buyer, organizing and conducting the auction, with the highest bidder winning the auction. This transparent and competitive process aims to determine the current market value of the auctioned item while ensuring a fair price for all parties involved.

If the knockdown at an auction is subject to reservation, the client subsequently agrees or disagrees with the bid and the sale only takes place when the auctioneer subsequently informs the bidder in writing of the acceptance of the knockdown.

The calculation of an asset's fair value depends on various factors and can be performed differently depending on the type and scope of application, e.g., using the comparative value, income value, or asset value method. Factors that must be taken into account include the asset's useful life, its useful life, market demand, and potential loss of value over time.

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