If there is a sale coming up this summer, then you need to ensure that you're prepared for it. You need to set aside some cash in advance so that you're ready by the time it arrives. However, you also need to prepare if you have never attended such a sale before. Before you go for any Phoenix auctions, read the tips provided below to equip you for the event.
First, do research. Try bidding on online sale So that you can know how the process works. Once you have this knowledge, you will be better equipped to handle are you still. While different auctioneers may use different styles, the process is just the same. They're different stores online that allow bidding, so you can try a few to help you learn.
Arrive early. It's good to have time to familiarize yourself with items on sale. Mostly you can only view the items being sold on the same day. And if you come late, you do not have time to check them out and then find out if they have any problems before you place your bid. Remember that you also need to come early so that you can register in time. This can be a very lengthy process depending on the number of bidders.
Identify the absentee bids. These are actually items that have been bid on but the bidders are absent. The best way to identify this is when the auctioneer starts the bidding way below the lower estimate. However, in some other cases, the auctioneer may also set aside particular items so as to increase the bidder's interest on them.
Take your time. The secret to bidding his patience. Don't be in a hurry place your bid. Instead, size up the competition first. Wait for few seconds and see there's someone who'll make a move. Knowing the number of interested parties will help you know how far the fight might go. If there are just a few guys then you might be lucky to have the last bid.
Do not fall for the trap of sharp fluctuations in price. Sometimes auctioneers may jump their prices rather than using the normal progressive increase. If you're too quick to raise your hand you may find yourself in a trap because the price might have been increased by quite a large margin. And remember you may not withdraw your bid.
Find out which items received no interest from bidders. Sometimes, the auctioneer may struggle to sell an item and abandon that sale. If you're interested in such an item, you can approach the auctioneer with a lower price and if you're lucky you can actually walk away with that item.
Check if the lot is sold. Sometimes, you may notice some items being passed or marked as not sold. This indicates that they received no interest. However, you must also be aware that some items might be placed aside to increase people's interest in them. This makes it difficult for the bidders to know whether that lot has sold.
Set a maximum price. Always know how far you can go with a bid. This will save you from losing money.
First, do research. Try bidding on online sale So that you can know how the process works. Once you have this knowledge, you will be better equipped to handle are you still. While different auctioneers may use different styles, the process is just the same. They're different stores online that allow bidding, so you can try a few to help you learn.
Arrive early. It's good to have time to familiarize yourself with items on sale. Mostly you can only view the items being sold on the same day. And if you come late, you do not have time to check them out and then find out if they have any problems before you place your bid. Remember that you also need to come early so that you can register in time. This can be a very lengthy process depending on the number of bidders.
Identify the absentee bids. These are actually items that have been bid on but the bidders are absent. The best way to identify this is when the auctioneer starts the bidding way below the lower estimate. However, in some other cases, the auctioneer may also set aside particular items so as to increase the bidder's interest on them.
Take your time. The secret to bidding his patience. Don't be in a hurry place your bid. Instead, size up the competition first. Wait for few seconds and see there's someone who'll make a move. Knowing the number of interested parties will help you know how far the fight might go. If there are just a few guys then you might be lucky to have the last bid.
Do not fall for the trap of sharp fluctuations in price. Sometimes auctioneers may jump their prices rather than using the normal progressive increase. If you're too quick to raise your hand you may find yourself in a trap because the price might have been increased by quite a large margin. And remember you may not withdraw your bid.
Find out which items received no interest from bidders. Sometimes, the auctioneer may struggle to sell an item and abandon that sale. If you're interested in such an item, you can approach the auctioneer with a lower price and if you're lucky you can actually walk away with that item.
Check if the lot is sold. Sometimes, you may notice some items being passed or marked as not sold. This indicates that they received no interest. However, you must also be aware that some items might be placed aside to increase people's interest in them. This makes it difficult for the bidders to know whether that lot has sold.
Set a maximum price. Always know how far you can go with a bid. This will save you from losing money.
About the Author:
You can find an overview of the benefits of attending Phoenix auctions and more info about upcoming auctions at http://www.brunksauction.com right now.
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