Hi my name is Walt. I Auctioneer with 25 years of experience in business and is licensed in the State auction. I own a fast service auction company that specializes in building and running custom auctions, I as webmaster of my own site and on eBay for 8 years. In addition to eBay auctions, I run types most often are antiques and estate auctions, even though I run all of the business of charity auctions and auctions special event.
I enjoy sharing my knowledge and stories about the auction business. My article is to help people get the most from their experiences.
Your fresh from a batch or an experienced dealer I think I can offer something in this article to help you with your auciton adventures.
May be as many reasons to visit auctions as there are types of auctions for participation. Maybe you want to attend an auction to buy goods for resale on eBay, or some other market. Maybe you want to provide your home with beautiful antiques, or you want to submit your home inexpensively, without compromising the quality of some people are just looking for a fun night out. With a little perseverance you all these things.
There are Antiques and live real estate auctions, auto auctions, auctions, absolute and does not reserve auctions, real estate auctions, specialty auctions that sells only one genre elements, tailgate auctions, auctions, online auctions, auction, silent auction closed auctions, charity and fundraising auctions and many more.
Indeed, you can buy for pennies on the dollar at auction? You bet! It is recommended that many times I've seen people buy and sell at the same auction that night at a good profit, though, this should be done only after the auction.
There are many ways to find an auction, but here are some tips on how to find and engage the best of them.
Visit the shops in the genre of the type of auction you want to visit. IE: If your looking for a good antique auction, stopping in local Antiques stores and ask for what is, for good auctions in the area. Sounds obvious right? But listening to what they say and what they say. Often when dealer says bad about the auction, he or she is present, it is likely that they are trying to keep secret a good thing. Think for a moment, why keep lousy auction dealer visit?
Newspaper ads: I personally would find ads in the Classifieds section, rather than showy display ads. Flashy ads, typically indicates an auction that will be high prices may have reserves (set the price of an item), and normally large crowds. Although any auction may be advantageous to participate, it's usually best avoided from glitzy ones, at least for beginners.
Here is a minimum, you want to know before you go. If you have a phone number in the ad, call and ask for conditions of sale. What forms of payment they accept? This absolute auction? Absolute auction, which is not a minimum or reserve for goods. This is the best auctions visit! There are buyers premium? Premium buyers tax that anyone who makes a purchase at the auction must pay higher winning bid price. Most auctions these days to charge buyers premium, 10% was not unreasonable, but I feel a lot more than greedy, and calculates the auctioneer that counts more than 10% for most bidders do not make additional mathematics as to speed up the pace.
Fair auction will have sufficient time to vet the products, usually at least 2 or 3 hours. Find out when begins inspection to ensure that your participation! Never attended the auction, if you can't make inspection, unless your willing to play. Most appraisers to sell approximately 100 units per hour, that's why they sell "as is". They just don't have time to give a detailed description of all elements. Since almost all items at the auction are sold as is, there is sure to be some damaged, incomplete, altered and renovated objects on any given auction. Beware of any auctions that offer little or no checking.
Generally good auctions will be a lot of 150-400. A lot can be a single item or group of items. Exceptions to this are specialty auctions, auto auctions, real estate auctions, etc.
When you attend your first sale, take note of 1/2 dozen or so dealers who frequently buy. See if you can find out about other auctions area they visit.
When you find the perfect auction, visit as often as possible. Visit good sales, helps to increase the bottom line of this business. It is hard for many appraisers keep quality goods serial, so a good attendance certainly helps. And when the Auctioneer know you as a buyer, it would go out of the way for you to keep you coming back.
Participate in the auction this week, the market is one of the only places where you can set the price.
Thank you for reading and enjoy it.
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