10
Sep
So
As promised here are some tips that I have for live auctions:
- Go to the previews
By going to the preview you get the opportunity to see what is for sale and the condition of the item. This also gives you the opportunity to create a list of what you want to buy and verify if you can take them home after the auction. If the items on the list are to large to take home then ask if they offer delivery or arrange for someone to be available to take back with you any large items. - Stick to the list !!!
By sticking to what you want to buy you’ll have a greater chance of not spending a lot of your budget. If the items on your list are of greater value like a pair of dressers you should limit what you want to buy. - Budget
It’s a word I don’t like but I didn’t want to spend a lot on the pair of dressers that I got. I had set a limit of $250 per dresser before the item was auctioned off. If the bidding price went over $250 I would either stop bidding or adjust my budget for other items in my list. - Patience
Often Auctioneers will start the bid price high and then decrease the bid price to attract any bidders. For the dressers that I got I waited until the price was about $150 per dresser. Others will want to bid higher on the dressers. I was able to be patient and bought the dressers for $240 each and stick to my budget. - Be careful
You have to be careful as to what you do and say. By raising your hand that tells the auctioneer that you’re interested in bidding. I was caught off-guard when I answered a question by saying “yes”, that to tells the auctioneer that you’re interested in bidding. - Have Fun
With this being my first Auction Experience you learn a lot and have a lot of fun as well.
