If you have never been to an auction before and are very interested in doing so, but are afraid to go because you are not sure if you can come off looking like you know what you are doing, never fear. There are ways in which you can walk away from an auctions with some real steals and looking like you are the king of the auction.
The most important thing that you can do is to do your homework. You need to do this before you ever get close to that auction house for the actual auction. There are a lot of auction houses that will let you come by to see the items and if not they may have a website that you can check out and if they don't have that, they will have a flier or an ad that will list all of the items up for auction.
After you have the list of items for auction you can then start your research by using the Internet and even books to see if the items you are interested are the real thing or if they are fakes or merely reproductions. This is especially important if you are looking for antiques and original items. You will also want to check out the price ranges for the items up for auction so that you can know how much to bid so you won't go over the actual value and even try to stay way below so that you are getting a real deal.
If you have the phone number of the auction house you'll be going to make sure to get in touch with them a day before the auction date and ask the following questions:
- What kinds of payments do they accept?
- If they have a return policy and if so what is it?
- Do you have to take large items right away or can you come back the next day?
- Is there a buyers premium and if so what's the percentage?
- What is the sales tax?
- When can you come by and inspect the items?
Also make sure that you get good directions on how to get to the auction house.
The day of the auction make sure to get there as soon as you know that the doors open. Make sure to check all the items you researched up close and make sure that they are really what you want and if they are in good shape.
After you have made your final inspections and decided to stay and make your bids you will now need to stop at the desk or the auction trailer if the auction happens to be outside. This is where you will register to be a bidder and receive your bid number. Make sure that you have your drivers license handy because they will require this from you to register.
Auction time will roll around and you should be sitting quietly and paying close attention to what's going on around you so that you can be ready for your items that you want to bid on. You'd be surprised at how many people end up buying things they really didn't want simply because they were not paying close enough attention to what they were bidding on.
It's probably a good idea for you not to bring your kids if you have any, but if you can't avoid doing so then make sure they sit quietly beside you or the other bidders may get upset or they may actually hear what you are going to bid if your kids happen to mention it and this could cause you to lose the item you want to get.
Once the auction is over, gather up the items you won by going to the desk and pay the bill that matches your total. After you pay your bill you will be free to take your items home with you and show off your auction skills to all your friends and family members.