Gold Standard Auctions

visited this project

a year ago

Gold Standard Auctions is an auction house that deals primarily in gold and coins, though we’re now expanding our inventory to include other valuable and rare collector’s items (fine jewelry, collectible guitars, antique clocks, etc . .. ). We buy most of our inventory from trade shows currently, but are expanding to begin sourcing inventory directly from individuals looking to consign or sell their valuables via online platforms. We sell our inventory primarily through other platforms, like Highbid, LiveAuctioneer, etc . .. , which host live, online auctions. ‌ OUR AUDIENCE: For us, the people who consign or sell to us are as valuable a target audience as the people who buy from us. Because 99% of our inventory is collector's items, meaning none of it is purchased new from a wholesaler, we are constantly looking for ways to find more inventory. For that reason, it is equally important for us to consider what our logo conveys to those who sell to us (or consign with us) as it is to consider what our logo conveys to our buyers. ‌ So, in designing our logo we really have two audiences in-mind: 1) the audience that buys from us and 2) the audience that sells to us or consigns with us. ‌ With both of those two audiences in mind, here’s what we’re looking to convey with our logo: Authenticity, Luxury, Trustworthiness, Money (for lack of a better word). ‌ WHAT OUR LOGO NEEDS TO CONVEY: ‌ Our logo needs to convey trustworthiness, authenticity, luxury and imply that we’ll pay the most for the items we are acquiring and that the items we're selling are highly valuable. ‌ Authenticity & Trustworthiness: ‌ A tremendous concern among people that are buying from us is authenticity— they want to feel confident that the item they’re buying isn’t a replica or fake. They need to also feel like we’re reputable and that when they spend thousands of dollars with us, that we’ll deliver the product and service that they expect when making a purchase of that amount. ‌ It’s important that people both trust us to handle the valuable items that they’re selling to us or through us (via consignment). They must feel confident that we’ll handle and track these items with care and that they can trust us to pay them. So, we need a logo that conveys that we are trustworthy and that our items are authentic. ‌ Luxury: We deal only in high-end collectible products. Our audience base, both on the buying and selling side, are typically high wealth individuals. On both sides, our target audiences want to feel like they’re dealing with a company that is a luxury, high-end brand. ‌ ‌ Money: Finally, it’s important that the people who sell to us (or consign items with us) feel that they are getting the highest possible amount of money for their items. One of the reasons we want to incorporate green into our logo is to encourage our target audience's association between money and our brand (aka- we pay the most money for their valuables). We can’t do it in a way that cheapens the brand, however, so it’s a very delicate balance. ‌ ‌

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