Quantcast
Published On: Tue, Dec 4th, 2018

Helpful tips to place bids in auctions for getting a great deal

Auctions have always been something which has attracted people to a great extent. The reason for this is a fun factor, the “who gets the product” silent war, antique products, some money show off gestures, etc. Some people also see auction as a way to test their luck like the game of gamble. Since the olden days, there are several trends which kept coming and going in auctions. The modern-day auctions are quite advanced and bidder friendly which benefits both the auctioneer and the bidders. There are high chances of profits are every auction deal, but if you do not place smart bids, it may even lead to heavy losses. Here are a few smart tips in which will help you to make great deals at your next auction.

Always reach before time: It is advisable to reach the auction house at least 30 minutes early before it starts. This will allow you to select a perfect place from where you can observe the products closely and also listen to the auctioneer clearly. Apart from that if you can also research on the internet about some unpacked products and know their value in the market before the auction starts. Also, if the auction is live made sure you are attending the best live auctions offering great products with good internet connectivity.

Make your list: The auction can have a lot of items which you are not interested in. Hence make a list of items in a prior basis as to what products you actually want to buy. This will save you from buying unnecessary products and getting easily convinced by the auctioneer.

Balance your bids: you cannot always land up buying all that you want or all the expensive stuff in the auction. Sometimes your budget may go overhead due to a product which highly unique; buy it only if you think that it has great value in the market and it can give you a good profit. In this case when you buy something very expensive than balance it by reducing one item from your list or avoid buying other items at a very high cost.

Take along a mentor: if you are new to auctions or maybe you are attending a particular kind of action which you have never been too, e.g., a painting auction, and you do not have much idea about art then take along someone who is an artist or has deep knowledge about art and its history. The smartphones do help you a lot, but an expert always can suggest you what to buy and what not just by looking at the details and appearance of that particular product.

Apart from the above tips also physically analyzing the products condition is very necessary as most of the goods are non-returnable in auctions In case of premium or antique product never forget to take its authenticity certificate as buying expensive goods without its authenticity certificate will reduce its price a lot and people may also future buyers can be very judgmental about the authentic value of the product.

Author: Charlie Brown

photo/ The Digital Artist

On the DISPATCH: Headlines  Local  Opinion

Subscribe to Weekly Newsletter

* indicates required
/ ( mm / dd ) [ALL INFO CONFIDENTIAL]

About the Author

- Outside contributors to the Dispatch are always welcome to offer their unique voices, contradictory opinions or presentation of information not included on the site.

Tags

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Sign up for our Weekly Newsletter



Recent Posts

A Beginner’s Guide to Recovering from Addiction

August 4, 2022, Comments Off on A Beginner’s Guide to Recovering from Addiction

Four Steps to Improving Your Skills as a Banjo Player

August 3, 2022, Comments Off on Four Steps to Improving Your Skills as a Banjo Player

The Rise Of South Korea’s Medical Tourism

August 2, 2022, Comments Off on The Rise Of South Korea’s Medical Tourism

5 Super Foods Health Professionals Like Dr. Ryan Shelton of Zenith Labs Can Stand Behind

August 2, 2022, Comments Off on 5 Super Foods Health Professionals Like Dr. Ryan Shelton of Zenith Labs Can Stand Behind

How to Take Your Healthcare Career in a New Direction

July 27, 2022, Comments Off on How to Take Your Healthcare Career in a New Direction

How To Take Advantage Of The Bear Market With A Gold IRA

July 20, 2022, Comments Off on How To Take Advantage Of The Bear Market With A Gold IRA

How to Inspire Productivity in a Small-Scale Company

July 20, 2022, Comments Off on How to Inspire Productivity in a Small-Scale Company

6 Types of Vaccines and How They Work

July 19, 2022, Comments Off on 6 Types of Vaccines and How They Work

Categories

Archives

At the Movies

Pin It