There are some auction websites that have become household names. If you buy on these sites, you might think you know all about the auction process. When you attend a live auction however, you'll find out very quickly that it is entirely different. For one thing it moves much faster. There is an auctioneer calling the bids and bid takers on the floor shouting out as audience members place their bids. If this is your first time attending one of the live Phoenix auctions, you need to know how it works.
You should attend the previews. One of the advantages of bidding at a live auction is the ability to physically inspect all the items being offered. With an online auction, you hope you are looking at the actual items, but you can't be sure. If the contents of a box are on the online auction block, you won't be able to reach in and look at everything the box contains. Attending a live auction preview allows you to do all that, and to ask questions of the auctioneer's representatives.
Unless money is no object, setting a budget, and sticking to it, will be important. If you plan to bid on a big ticket item, you need to have an idea of what it's worth so you can bid intelligently. Researching the item online is one of the easiest ways to get a value. There are usually catalogs at the previews with descriptive information on all the items.
You have to register in order to bid. When you register you'll receive a bid number. Some auction companies use paddles. Others use fans or cards. Whatever the form, it will be what you use to get the attention of the auctioneer's bid takers. In most instances, registering for a bidder's number is free.
You do not want to start off bidding with your maximum offer. Bidding is fast paced, and the auctioneer may be hard to understand at first. When an item you are interested in comes up for bidding, the auctioneer will suggest an opening bid. Most auctioneers will take all reasonable opening bids.
If you are bidding on multiple items, you can stay in the auction room until you are finished. Then it's time to check out. Payment in full is required at this time. Once you have paid for your items, you own them and are responsible for removing them. Some auction companies hire people to help bidders carry heavy items to their cars.
You must understand the difference between an auction with reserve and an absolute auction. Unless the auction is advertised as absolute, the seller has the right to reject the high bid. The reserve may or may not be advertised. When an auction is advertised as absolute, it means the high bidder will be the new owner no matter what.
A live auction is a lot of fun to attend. It is even more enjoyable when you participate. You might get a great bargain on something you've always wanted. You just have to remember to stick to your budget and not get carried away.
You should attend the previews. One of the advantages of bidding at a live auction is the ability to physically inspect all the items being offered. With an online auction, you hope you are looking at the actual items, but you can't be sure. If the contents of a box are on the online auction block, you won't be able to reach in and look at everything the box contains. Attending a live auction preview allows you to do all that, and to ask questions of the auctioneer's representatives.
Unless money is no object, setting a budget, and sticking to it, will be important. If you plan to bid on a big ticket item, you need to have an idea of what it's worth so you can bid intelligently. Researching the item online is one of the easiest ways to get a value. There are usually catalogs at the previews with descriptive information on all the items.
You have to register in order to bid. When you register you'll receive a bid number. Some auction companies use paddles. Others use fans or cards. Whatever the form, it will be what you use to get the attention of the auctioneer's bid takers. In most instances, registering for a bidder's number is free.
You do not want to start off bidding with your maximum offer. Bidding is fast paced, and the auctioneer may be hard to understand at first. When an item you are interested in comes up for bidding, the auctioneer will suggest an opening bid. Most auctioneers will take all reasonable opening bids.
If you are bidding on multiple items, you can stay in the auction room until you are finished. Then it's time to check out. Payment in full is required at this time. Once you have paid for your items, you own them and are responsible for removing them. Some auction companies hire people to help bidders carry heavy items to their cars.
You must understand the difference between an auction with reserve and an absolute auction. Unless the auction is advertised as absolute, the seller has the right to reject the high bid. The reserve may or may not be advertised. When an auction is advertised as absolute, it means the high bidder will be the new owner no matter what.
A live auction is a lot of fun to attend. It is even more enjoyable when you participate. You might get a great bargain on something you've always wanted. You just have to remember to stick to your budget and not get carried away.
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You can get a detailed overview of the things to keep in mind when attending Phoenix auctions at http://www.brunksauction.com right now.