What types of Auctions does Auctions By Corrina Ltd. Co. perform?

Complete contents of estates and businesses are liquidated via the auction method through an online only timed auction where only registered bidders are able to bid and compete against other registered bidders.

 

Where does Auctions By Corrina Ltd. Co. provide auctions services?

Currently services are provided only for estates and businesses located in Santa Fe, NM. Consideration to provide services in outlying areas will be given. Call 315-236-6530 to discuss options.

 

How do I sell my estate or business contents at auction?

It begins with scheduling an initial consultation by calling 315-236-6530. During the consultation, contents of the estate or business to be sold will be reviewed, timeline and deadlines will be discussed, and an overview of the auction process will be given. A proposal of services will be provided after the initial consultation, sometimes same day or within two days. Upon agreement of the proposal, a contract is signed by both parties, and work commences upon the dates and terms of the contract.

 

What can I expect with working with Auctions By Corrina Ltd. Co.?

Every estate and business is different, and auctions and services are designed around the specific needs of the seller. Services are not one-size-fits-all. Auctions By Corrina Ltd. Co. carefully develops a marketing plan that will maximize exposure and revenue potential. A business liquidating heavy machinery has different potential buyers than an estate filled with antiques. Marketing is specially designed based on the uniqueness of each auction, and that's what sets Auctions By Corrina Ltd. Co. apart from other service providers.

 

What do the terms “reserve” and “absolute” mean?

During an auction, items being sold with a “reserve” means that there is a minimum price a seller is willing to sell an item for and the item will not sell unless the reserve price is achieved. Items identified as “absolute” are sold to the highest bidder regardless of price.

 

What is a Buyer’s Premium?

A Buyer’s Premium is a percentage amount paid by the buyer and added to the highest successful bid to determine the final contract price. For example, if the Buyer’s Premium is 10% and the Buyer bids $100, the Buyer will pay $100 for the item plus $10 Buyer’s Premium for a total of $110.

 

Are there gross receipts taxes?

Yes, all invoices will be charged the current gross receipts tax for Santa Fe, NM which is 8.1875%. If you are a non-taxable buyer then proceed to file for a Non-Taxable Transaction Certificate (NTTC), Non-Taxable Transaction Certificates (NTTC) : Businesses (newmexico.gov). Auctions By Corrina Ltd. Co. CRS # is: 03642949000-GRT. Resale certificates issued by other states are not valid in New Mexico.