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Boxlot Post No. 1

So what exactly is a boxlot? Well, every estate has piles of tchotchkes that aren’t necessarily garbage, but that aren’t good enough to stand on their own. Individually, these bric-a-brac are worth $10 and less. Trying to sell each of these things individually during an auction is boring and inefficient. However, these items still have value, and as auctioneers, we are obligated to produce every dollar we can for our consignors. So we make boxlots: literally cardboard boxes loaded with miscellaneous items that are sold together for one price. Boxlots are a win-win situation. The consignors get the value out of usable items that may have been otherwise disregarded, and the bidders get the opportunity to buy those items in an efficient way.

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