Profession auction house manager

Auction house managers are responsible for the staff and activities in an auction house. Moreover, they manage the finances and marketing aspects of the auction house.

Personality Type

• Enterprising / Conventional

Knowledge

• Corporate social responsibility

  The handling or managing of business processes in a responsible and ethical manner considering the economic responsibility towards shareholders as equally important as the responsibility towards environmental and social stakeholders.

• Budgetary principles

  Principles of estimating and planning of forecasts for business activity, compile regular budget and reports.

• Financial management

  The field of finance that concerns the practical process analysis and tools for designating financial resources. It encompasses the structure of businesses, the investment sources, and the value increase of corporations due to managerial decision-making.

• Auction characteristics

  Specifications of auctions and different auction types, e.g. open vs. closed auctions; bidding strategies such as chandelier bids, bid shading, etc.

• Product comprehension

  The offered products, their functionalities, properties and legal and regulatory requirements.

Skills

• Manage operational budgets

  Prepare, monitor and adjust operational budgets together with the economical/administrative manager/professionals in the arts institute/unit/project.

• Manage budgets

  Plan, monitor and report on the budget.

• Manage supplies

  Monitor and control the flow of supplies that includes the purchase, storage and movement of the required quality of raw materials, and also work-in-progress inventory. Manage supply chain activities and synchronise supply with demand of production and customer.

• Build business relationships

  Establish a positive, long-term relationship between organisations and interested third parties such as suppliers, distributors, shareholders and other stakeholders in order to inform them of the organisation and its objectives.

• Prepare for auction

  Identify and set up location for auction; prepare and display auctioned items; prepare the auction room by setting seats and microphones.

• Set auction listing agreement

  Set up a contract executed by the auctioneer and the seller; list the terms of the agreement and the rights and responsibilities of every party involved.

• Manage auction house

  Manage the daily operations of an auction house. Organise all activities and coordinate the different departments functioning within an auction house. Develop a plan of action and arrange the necessary funds.

• Identify new business opportunities

  Pursue potential customers or products in order to generate additional sales and ensure growth.

• Manage staff

  Manage employees and subordinates, working in a team or individually, to maximise their performance and contribution. Schedule their work and activities, give instructions, motivate and direct the workers to meet the company objectives. Monitor and measure how an employee undertakes their responsibilities and how well these activities are executed. Identify areas for improvement and make suggestions to achieve this. Lead a group of people to help them achieve goals and maintain an effective working relationship among staff.

• Supervise daily information operations

  Direct daily operations of different units. Coordinate program/project activities to assure the respect of costs and time.

• Follow company standards

  Lead and manage according to the organisation's code of conduct.

• Initiate contact with sellers

  Identify sellers of commodities and establish contact.

Optional knowledge and skills

Source: Sisyphus ODB