How can we judge whether the auction company is formal?

Judging from whether to charge before the auction. Powerful companies don't charge upfront fees. This is the most effective criterion to judge the quality of an auction company.

If the auction fails, the money will be gone and will not be returned to you.

I suggest that whenever a collection company or auction company comes to you in the future, you can pay attention to the following two points:

First, pay attention to its company name first. If there is no "auction", it is a company without auction qualification. China's auction law stipulates that the name of an auction enterprise must contain the word "auction".

Second, when sending lots, pay attention to whether the auction company charges upfront fees. If the upfront cost exceeds tens of thousands, you should return the lot and turn around and leave. So as not to be deceived