5 TIPS FOR NEWBIES IN AUCTIONS
If you’re like most people, you probably want to take part in your first live auction but are unsure of how to do it successfully. These first-time bidders’ five auction suggestions can assist you in getting off to a good start.
- Do your research before placing a bid.
- Set a limit for yourself.
- Arrive early (and choose wherever you wish to sit).
- Promptly place a bid and promptly counterbid
- Pay attention to absentee bids
DO YOUR RESEARCH BEFORE PLACING A BID.
Check out the items in advance of the auction. The products that will be sold may usually be inspected, so check to see if any upgrades or repairs can be made if necessary.
Additionally, you need to look through the payment details before going. The majority of auction houses accept cash, checks, and credit cards, but others have stringent restrictions on what they’ll accept. You should also inquire about deposits, delivery fees, and buyer’s premiums when you are confirming the payment arrangements. Have a look at auctions in Georgia
Lastly, there is a pickup and delivery option at nine. On occasion, you must promptly take ownership of your possessions. In other circumstances, you might be able to request that the auction house keep your goods in storage until you can pick them up.
SET A LIMIT FOR YOURSELF.
Give yourself a predetermined cap on the price you’ll spend once you’ve examined the things and chosen the ones you want to bid on. Since bidding frequently happens rapidly, you’ll know whether you’ve lost the race soon long.
ARRIVE EARLY AND CHOOSE YOUR SEAT.
Generally speaking, it pays to get to an auction early. You’ll be able to select the seat that is most comfy for you in this manner. You’ll read a lot of advice on where to sit at an auction to appear to be a serious bidder, but once you’ve attended a few sales, trust your judgement. (Arriving early also ensures you a decent parking place!)
BID AND COUNTER-BID PROMPTLY.
Bidding frequently happens rapidly, thus waiting until the end to enter doesn’t have a benefit (at least for most people). After all, if you wait too long, the end could come before you ever get a chance to place a bid!
You’ll know precisely how much you can spend on an item if you have a predetermined budget and there’s no harm in placing a quick bid and counterbid. Stop when you’ve reached your limit.
RECOGNISE ABSENTEE BIDS.
Bidding on things at an auction doesn’t necessarily need attendees to be there in person. Before the auction begins, absentee buyers can submit their bids to the auctioneer. Be aware that not everyone who bids on the same products you are bidding on has to be in the building since in certain situations, individuals can bid by phone, email, or online.
