Full Glossary
Auction Basics

Sell-Through Rate

The percentage of lots in an auction that successfully sell. A healthy estate auction typically achieves 80–95% sell-through. Sell-through rate is the primary performance metric for auctioneers — it reflects catalog quality, pricing, marketing effectiveness, and audience match.

How It Works in Practice

Factors that increase sell-through: no-reserve pricing, accurate and detailed descriptions, multiple high-quality photos, effective marketing to the right audience, and reasonable opening bids. Factors that decrease sell-through: high reserves, poor descriptions, limited photos, wrong audience targeting, and oversized catalogs. AI cataloging tools improve sell-through by producing better descriptions and capturing identification details that attract specialist bidders who might otherwise skip poorly-described lots.

Frequently Asked Questions

What is a good sell-through rate for estate auctions?
80–95% is healthy for estate auctions. Above 95% may indicate items were underpriced. Below 75% suggests problems with pricing, marketing, descriptions, or audience targeting. No-reserve auctions mechanically achieve near-100% sell-through. For auctions with reserves, 80–85% is a strong result. Track sell-through per category to identify where descriptions or marketing need improvement.
How can I improve my auction sell-through rate?
Five high-impact changes: (1) improve description quality with specific identifiers and condition notes — vague descriptions lose bidders, (2) add multiple photos per lot including detail shots of marks and condition, (3) lower or eliminate reserves on lots that aren't moving, (4) market to category-specific audiences (not just general), (5) review your catalog ordering to ensure specialist bidders stay engaged through their lots.

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