Heading to your first auction? You’re in for a treat! You’ll be enjoying one of America’s most popular pastimes! You’ll find some great deals on unique items that you won’t be able to find anywhere else. If you’re new to auctions, there are a few things to keep in mind to make your experience as smooth as possible.
The early bird gets the…
Maybe not the worm, but the chance to find a parking space. And time to do your research on the items you might bid on. Most auctions have 90 minutes of preview time before the event gets started. This gives you time to review any item that catches your fancy more closely. You’ll have time to inspect and measure the item and be able to make informed bids during the auction.
Learn the lingo
Buyer’s premium, reserved versus unreserved, choice out … these are all terms you’ll encounter at an auction. If you don’t know what they mean, make sure to familiarize yourself with them before the action starts.
Items at an auction are sold as is. If you’re in doubt, bring a friend along who might know better than you whether an item is in good condition. Unlike your neighborhood big-box chain store, there are no returns from an auction. You’ll be expected to pay for the items you’ve purchased in full and in a timely manner, even if you want to change your mind.
If you’re interested in attending your first auction, check out our First Time Auction Goer Class this Friday May 17th!