Decorated apartment furniture can cost 70% less at auction

Furnishing your home and office with items from an out-of-court auction can yield deep discounts compared to retail. There are tables, chairs, curtains, beds, televisions, refrigerators, cabinets, towels, cutlery, sofas and other items used in apartments decorated by construction companies.

The practice is a way for companies to recover part of their investments and has grown in the last two years with the pandemic and the real estate market boom.

Sold, from the Superbid group, recorded a 20% growth between 2020 and 2021 in decorated furniture auctions. Comparing the first four months of this year with the same period last year, the increase was 60%.

In a recent sale made by the company, a set of Annika lamps, which was in a decorated by You,Inc, was sold for R$ 460. Imported, the set costs the equivalent of R$ 1,250.

A three-seater sofa that costs approximately BRL 2,000 at Tok&Stok went for BRL 470 at auction, a reduction of 76.5%. It is worth mentioning that these are showcase pieces, which may have signs of wear, and that the 5% auctioneer fee must be paid.

According to Ana Matheus, commercial manager at Sold, the ease of searching for items and bidding online is one of the attractions. But she recommends that the interested party pay a visit before to evaluate the lots in person: after the auction, there is no chance of return.

The big step to save, says the expert, is to research the prices of products and similar products at retail, so as not to get excited when bidding and end up paying the same or even more than it would cost in stores.

According to Sodré Santoro, for the auction of decorated furniture, the items are made available after the sale of all real estate units in the enterprise.

To participate in the auction, you must be over 18 years of age and register on the website of the company responsible for the sale. It is possible to bid on an item or a complete lot, for example: table with chairs and dinnerware. As in other auction modalities, whoever gives the highest value takes the product home. Payment is upfront.

How to do well at an auction

1. Read the notice to analyze all the conditions of sale of the product, schedules and values
2. It is essential to evaluate the product description before placing the final bid.
3. If possible, check the item in person
4. Research the prices of the desired retail product to set a bid limit
5. Consider the cost of disassembly and transport for the removal of the good. Buyer is always responsible for disassembly and removal

Heads up Auction items are sold without warranty and as-is.

Sources: Sold Auctions and Sodré Santoro