Our Top Five Tips to Drop the Hammer at YOUR Local Auction
If it’s Friday night or Saturday late morning  and you are looking for excitement, head over to the auction and try your luck at taking home the perfect piece. But there is only one problem, all those other bidders! Try increasing your odds on auction night by implementing our Top Five Tips to Drop the Hammer on YOUR Local Auction
One of the best ways to walk away a winner is to know what to expect on auction day. Most auction houses provide a preview or online viewing for upcoming sales. This gives you the perfect opportunity to research your favorite pieces. Knowing the value, rarity, and condition of the items you will be bidding on will give you the leg up on the competition. This information allows you to compare to previously sold items and ensure you don’t overpay, or worse yet, lose out on a great deal.
Know your spending limit and stick to it! The best part about researching your target items before hand, is becoming the expert on them. Once you determine its approximate value, you can decide on the maximum bid you are willing to make. Setting your limit at home ensures you get a good deal and removes the stress of making a decision in the middle of a bidding war. All of the auctions excitement with none of the stress.
Let the Internet do your Bidding
Too busy to show up on auction day? Do you prefer purchasing things from your couch? Well you’re in luck; auctions houses, like Jexters Auctions, offers all of their sales in an online format. You can place pre bids through the popular auction host Proxibid. Or, even better yet, you can place bids into the live auction from the online bidding system.
If you prefer the excitement of in person auctions, make sure to bring your best poker face. Keep your cool and avoiding giving other bidders a clue as to which items you are interested in. You can also try some of the common bidding techniques, such as calling out bids in smaller increments to slow the rate at which the price is increasing.
Make sure you follow up on the auctioneers rules and conditions. Its common for sales to be accompanied by an additional percentage that the winning bidder must pay on top of the sale price. Some auctions also have specific payment terms, so make sure you can pay the man. Don’t risk losing your new find on the fine print, come prepared to and leave room in the budget and your trunk to bring home your new items.