Live Auctions, Tips For Beginners
A live auction is held in a gallery or salesroom of an auctioneer, and the auctioneer will also be the one who would host the event in real time. The audience is called bidders, and they will be the ones who will be making the bids to get a certain item. There are a lot of Phoenix AZ auctions, so if you are interested to this, joining one is not going to be a problem.
Attend previews. Most individuals specially newbies do not attend the preview of an auction. You must attend it so you have the chance to inspect the items even though you have already seen photos of it on the catalog. Having a closer look is always the best. For items you plan on bidding, take note of its lot numbers.
Set up your budget. Set your budget for up to how much should you only bid for each item you are interested in getting and make sure you stick to that. Getting all caught up to bidding more than what you intend is easy, so if you in doubt with your powers, go with someone you know so there is someone who would keep you accountable and vice versa.
Set a point of confinement. The most significant and the best technique that each individual should know would be to set the farthest point before going to the site. A ton of beginners has strolled into one with a receptive outlook and eyes have left with an unfilled wallet. With that experience, you may now be reluctant to go to another. Know your points of confinement and cost to spare some space for another thing.
Double check on the lot number per box. Lot numbers are unofficial. The auctioneer could switch up the contents between boxes on the day of the event. The one you are eyeing might already be put inside on another box, so check if the lot number is still the same before the event starts to avoid bidding on the wrong item.
Check the auction list and make sure to plan your bids. Before heading out, study the list first so you can work out which among the items on the list will you be bidding on. Learn the phrases and terms used to understand everything. Doing this ensures that you will not start bidding on the wrong items.
Be certain. Be certain of a certain item before you place your bid on it. The bidding may start low and you might just be testing the water, but it should not be the case. You have no idea if a lot would fall flat. You do not want to find yourself going home with items you really did not want.
Expect that the best deals are getting auctioned in the afternoon. Most bidders usually bids more during the morning so when the afternoon comes, most of them will no longer have money to bid and would have less energy. Meaning, there is now less competition, giving you a bigger chance of winning that bid. Start bidding once your item presented.
Secure all your purchases. Ensure that you were able to bring all your purchases with you to your vehicle or you have secured them when they require you immediate possession and payment. Leaving your purchases unattended could lead to losing them. Know that the auctioneer will not give you a refund in case this happens.
Attend previews. Most individuals specially newbies do not attend the preview of an auction. You must attend it so you have the chance to inspect the items even though you have already seen photos of it on the catalog. Having a closer look is always the best. For items you plan on bidding, take note of its lot numbers.
Set up your budget. Set your budget for up to how much should you only bid for each item you are interested in getting and make sure you stick to that. Getting all caught up to bidding more than what you intend is easy, so if you in doubt with your powers, go with someone you know so there is someone who would keep you accountable and vice versa.
Set a point of confinement. The most significant and the best technique that each individual should know would be to set the farthest point before going to the site. A ton of beginners has strolled into one with a receptive outlook and eyes have left with an unfilled wallet. With that experience, you may now be reluctant to go to another. Know your points of confinement and cost to spare some space for another thing.
Double check on the lot number per box. Lot numbers are unofficial. The auctioneer could switch up the contents between boxes on the day of the event. The one you are eyeing might already be put inside on another box, so check if the lot number is still the same before the event starts to avoid bidding on the wrong item.
Check the auction list and make sure to plan your bids. Before heading out, study the list first so you can work out which among the items on the list will you be bidding on. Learn the phrases and terms used to understand everything. Doing this ensures that you will not start bidding on the wrong items.
Be certain. Be certain of a certain item before you place your bid on it. The bidding may start low and you might just be testing the water, but it should not be the case. You have no idea if a lot would fall flat. You do not want to find yourself going home with items you really did not want.
Expect that the best deals are getting auctioned in the afternoon. Most bidders usually bids more during the morning so when the afternoon comes, most of them will no longer have money to bid and would have less energy. Meaning, there is now less competition, giving you a bigger chance of winning that bid. Start bidding once your item presented.
Secure all your purchases. Ensure that you were able to bring all your purchases with you to your vehicle or you have secured them when they require you immediate possession and payment. Leaving your purchases unattended could lead to losing them. Know that the auctioneer will not give you a refund in case this happens.
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