subject: Buying At Auctions [print this page] The individuals who like to attend auctions consider every successful bid as a victory, every unsuccessful bid as a defeat. The bids are viewed by one part science and other part is art
As far as buying venues go, the popularity of public auctions is at an all time high. This may be due to the popularity explosion of the Internet and eBay or perhaps it is an unexplainable fluke in the ebb-and-flow of demand. Auctions continue to remain a hot commodity today, either way.
Live auctions provide a terrific form of entertainment. It encompasses all the fundamental essentials you need like competition and intrigue for example (with secret signals), and drama will most likely ensue. Online auctions are a great place to get really good deals, even if they aren't as entertaining as some of the traditional auctions.
One of the best ways to get a good deal at an auction is for the buyer to perform research (online or in the real world) on item values before he bids. When buyers are uninformed the sellers are usually the ones who get a good deal by selling and item for more than it is really worth.
When you have researched the typical sales prices for items at an auction, you can be attentive when bidding on an item. He has also checked the internet and researched the price the item is available for along with shipping fees. No major imperfections were found after he inspected the item. He has additionally decided beforehand how much he is willing to spend for the item in question and 75% of the lowest retail price is reasonable.
An experienced auctioneer as well as a proficient bidder realizes they shouldn't enter an auction uninformed and just start bidding on merchandise. Experienced and victorious auctioneers maintain their momentum by not getting caught up in the dramatics of the competition.
