First State Auctions is open for business with our Online Only auctions proceeding as planned.
We are currently taking vendor submissions for:
We do not auction silver jewellery.
Step 1 - Submit your application online
Step 2 – Get an estimate
Step 3 – Visit our Sydney Head Office or send in your jewellery
Step 4 – Receive auction agreement
Step 5 – We prepare the item for auction
Step 6 – The item goes to auction
Step 7 – You get paid
No - Our Vendor program is conducted only through our Sydney Head Office. We do however, with prior arrangement, facilitate the drop off of items at our interstate auction venues.
If you drop off items in person at an auction (with prior arrangement) they cannot be auctioned on the same day. We require some lead time to prepare items for auction. Your items will be securely transported to our Sydney Head Office for inspection & processing. Items will normally be listed for auction approximately 2 to 3 weeks from the date we receive a signed Vendor contract from you.
You can still sell it at auction. Jewellery and precious metals are appraised based on their weight and quality. Our expert team can help you with the assessment.
No - this is not required.
The more supporting documentation you have, the better. Luxury branded items sell better with original documents. We also request paperwork for additional information on the item to assist us in providing a more accurate auction appraisal.
If you are mailing your items to our Head Office in Sydney, we highly recommend you send it by registered mail through Australia Post with insurance and acknowledgement of receipt from the receiver.
Your items are fully itemised, documented and insured while in our possession and throughout the auction process. Our comprehensive processes also ensure that your valuables are always safe and secure.
The auction value of your jewellery will vary depending on the nature of the item and its condition. We can give you an auction estimate based on past sales and current market conditions. We have been trusted auctioneers since 1995 and are very experienced and knowledgeable in valuing all kinds of jewellery.
If a reserve is requested, First State Auctions will provide a reserve based on past sales and current market conditions. You can lower the suggested reserve, but cannot increase it. The reserve price will be held in strict confidence and protects you from the item selling below the reserve price at the auction.
We provide estimates of what we believe the item will sell for at auction based on current market conditions, past sales, information provided to us and confirm this with a physical assessment.
Most retail valuations are insurance replacement valuations and may even be higher than the retail price it sold for - it is not an indication to us as to what it will sell for at auction. Valuations may vary significantly because the amounts are subjective and differ from valuer to valuer. Additionally each type of item has a different resale market. We use your valuation certificate for information such as the gemstone type, carat weights, colour and clarity gradings, metal type, gram weight etc. We are also conservative in our auction estimates, as we would rather under promise and over deliver.
Seller commission charges will apply when we sell an item on your behalf:
A lotting fee will apply and includes photography, clean & polish (as required) and authentication (if required).
Additional fees also apply if the item requires repair or a Gemstone Laboratory report.
The above fees are deducted from the auction proceeds or payable if the items are not sold and are returned to you.
Once you have signed an auction agreement, you cannot back-out of the process.
Before your items can be included in an auction, your items will need to be inspected and a vendor agreement needs to be prepared.
Once the signed agreement has been received by us, it takes at least 2 weeks until the item may appear in an auction (as we prepare for them in advance). You can request that your item is included in a particular auction, however, we do not guarantee that it will be included in an auction of your choosing.
We have been a leading Auction House in Australia and New Zealand since 1995 and have a substantial and loyal customer base. For each auction, we conduct extensive advertising and promotional campaigns that often include:
The time it takes for an item to sell is dependent on many factors. Some items sell at the first auction, some sell after a few auctions.
Please email the contact person at FSA who is dealing with your submission for an update.
An item will go to auction a maximum of twice per one month period subject to other variables.
If the items don’t sell at the first auction they are offered at, FSA will resubmit the respective goods for an additional 2 auctions.
If after 3 auctions, the items have not sold, the following options will apply:
Vendor payments are conducted after the end of each month. Sales made during a calendar month will be paid within the first week of the following month. You will receive a detailed notification from our accounts team as to the prices realised and the amount payable to you.
All vendor payments will be made by EFT to your nominated bank account or by company cheque.
We do not organise early vendor payments.
Based on best business practices, we will need a copy of your official photo ID such as your drivers license or passport. We do this to protect both our buyers and sellers and to prevent fraudulent behaviour.
Why you should consider selling your jewellery through First State Auctions; Selling jewellery through First State Auctions
Corona virus update: Auctions proceeding as scheduled. For more information click here