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A Partial Change of Ownership for Hinter Auctions

A Partial Change of Ownership for Hinter Auctions

 A Partial Change of Ownership for Hinter Auctions?

Following the launching and running a successful auction business through the partnership of Richard Hansen and Andy & Nova Flitter the time has come for a partial change of ownership. After some serious deliberation, Andy and Nova have made the decision to exit the auction business to concentrate on other business interests and their plans for overseas travel. The transfer of ownership is effective January 1, 2023.

A Brief Look From Launch to Today

Richard and Andy planning the launch of Hinter Auction

Richard still recalls the time when Andy approached him with the concept of starting an auction business. Whilst Richard had experience with auctions he never thought he would be selling antiques and collectables under the hammer. It soon became apparent that this was a partnership that would work, with Andy’s background in antique and collectables and Richard’s experience behind the microphone. Not only that, they both possessed skills that would truly complement each other.

One thing they both had was the desire for continual improvement and hence many changes were made to facilitate the improvements along the way. One of the biggest changes was the decision to invest in an auction management and online bidding platform. Whilst it was a costly exercise, it was also one that would pay dividends to the auction business. The bidder base immediately grew from the very first auction the new platform was launched.

Richard and Andy launch Hinter Auctions

As the business continued to grow it soon became apparent they had outgrown the premises in which the business was launched hence the move into 13 Jarrah Street, Cooroy where the auction house operates today. Of course, having more room meant more lots being sold each month either through bigger or more auctions. From April 1 until December 31 Hinter Auctions have offered just over 14,800 lots with an average 97% clearance rate.

Of course, some good things must come to an end as Andy and Nova set off to pursue other interests

The Future

With Richard Hansen at the helm as the sole director, he will continue with, and build upon the foundations already laid. The regular “Antique, Vintage and Collectables” auctions will continue on a monthly basis. In the planning stages at the time of writing are some specialty auctions including a Motorcycles and Memorabilia auction and others that are too early to reveal at this time.

Richard sincerely values his friendship and the successful partnership with Andy and Nova and wish them the very best with their future pursuits.