The open cry auction system is the main method by which wool is sold in Australia, with over 85% of the annual Australian wool clip sold through the auction system. Wool brokers are the agents for woolgrowers in selling their wool, and are the auctioneers for their client’s wool. They also provide vital services to the Australian woolgrower, including farm supplies, advice, market information and market intelligence, assistance with forward selling, clip preparation, ram selection and so on. Below is a full list of the functions and services from wool brokers to woolgrowers and buyers in Australia.
| BUYER | SELLER |
| Post Sale Ship | Finance |
| Showfloor | Guaranteed payment for the seller |
| Catalogues | Cost efficiency |
| Salerooms | Rural supplies |
| WiFi | Finance and logistics |
| Transfer of Ownership | Warehouse logistics |
| Del Credere insurance | Quality control |
| Transport | Mediation |
| Meals | Market Information and Intelligence |
| Sample inspection | Classing |
| Bale inspection | Stationery |
| Repacking, weight adjustment | Market reports and clip analysis |
| Blending | Risk management |
| Decotting | Bulk classing |
| Quality guaranteed | Interlotting |
| Analysis | Production advice |
| Centralised storage | Livestock support |
| Lot building | Field days |
| Coring | |
| Testing | |
| Training employment | |
| Efficient logistics | |
| Collection of levies and proceeds | |
| Relationships | |
| Market development | |
| Data entry | |
| Cost efficiency |
