We are currently taking vendor submissions for:
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
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.
If you are mailing your items to us, 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 insured while in our possession. 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 that suggested reserve, but cannot increase it.
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.
There is a big difference between retail replacement value and resale at auction. We are also conservative in our auction estimates, as we would rather under promise and over deliver.
We charge a commission based on the auction hammer price that the item is sold for. The commission will be quoted based on the items offered to auction. The commission will be deducted from sale proceeds. If we don’t sell the item, there is no commission charged. The commission includes insurance.
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. These fees are to be deducted from sale 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.
Once a 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.
Please email the contact person at FSA who is dealing with your submission for an update.
If the items don’t sell at the first auction they are offered at, FSA will resubmit the respective goods for an additional 4 auctions.
If after 5 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 notification from our accounts team as to the amount payable.
All vendor payments will be made by EFT to your nominated bank account or by company cheque.
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.