Friday, May 25, 2018

How To Prepare For Phoenix Auctions

By James Johnson


You have probably heard that there is a sale coming up and you're wondering how to make the best out of it. A sale is one of the most dramatic ways to shop, but it's also an interesting process. However, this kind of shopping requires experience. If you've never attended one before, you can use the following tips to help you at any Phoenix auctions.

Conduct deep research. It would be unwise to walk into an auction without even knowing what you want to buy. Even if it's something that looks nice you might end up with an item that is totally worthless. Normally the items to be auctioned will be listed in advance. As soon as this is done, you should find out the real costs and their value so that you decide the best items to invest in.

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.

Know the absentee bids. If the bidding starts below the no estimate, then there may be no absentee bids. Otherwise, any other bid would indicate that there are some absentee bids. Such knowledge will help you not lose money by bidding on unnecessary values.

be patient. Patience is the main tact in bidding. You need to know when to place a bid and when to avoid one. Once you must have these you'll be able together items you want at the best possible price. Always look around the room before placing your bid. This will help you identify other interested bidders and evaluate the level of competition for that item.

Watch out for price rises. Normally, the price rises in a systematic way. However, this is not always the case. Sometimes, the auctioneer may jump prizes by very large margins. If in a hurry to place your bid, then you might find yourself trapped with a very high value.

Watch out for items that receive no bid. Sometimes the auctioneer will give a number at the beginning of the auction for a particular item but it will receive no interest. If you are interested in that item then you can appoint the auctioneer and bargain for a lower amount. This way, you'll be able to get some items at a much lower value.

Mark the sold lots. You'll notice that some items are marked to be auctioned but they will not be called out. This could be because they've already been sold. However, it could also be a tactic by the auctioneer to trigger people's interests on those items.

Set a maximum price. Always know how far you can go with a bid. This will save you from losing money.




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