Public auctions are very likely the most common type of auction, which are normally open to the public. Items on sale here will vary greatly such as real estate, cars, furniture, business equipment, collectibles, restaurant equipment, tools, machinery, antiques, etc. Auctions are all about the competition directing furniture prices down or up . Typically, auction sales that feature furniture and other items normally are conducted during evenings and weekends when the largest number of their target audience will be available to attend. If you are wanting for something, and are lucky enough find it at an auction, before you purchase, be sure to check the price and condition of the item first! Here are a few tips to help you out: 1.Before going to the auction, get a copy of the list of items so you will be sure that the items are what you are looking for. Call the auctioneer in the morning before going to confirm that the sale is sure to push through . You don't want to waste your time going to auctions where you will have nothing of interest. 2. Be sure to thoroughly check out the furniture as auction pieces are not guaranteed, if the furniture you are eyeing is described as as is, check to make sure you can easily repair the defects. 3.Set your budget and don't go over it . This is a very important rule. 4. Keep in mind some auctions add a "buyers premium" to your furnitures final bid price". You will want to take this into consideration when figuring you budget for the day. 5.Do not bid higher than your budget. If the item you are interested is bid higher than your budget, just wait til the next auction rolls around. Most likely you will find a like item at the next auction or something that will make you even happier. 6.Go to auctions ready with sufficient transportation so you can easily bring home your items. Most auctions require you to remove your items right after the auction. They normally only allow you a short amount of time to get your items off the property. 7.Search for bargain deals, those pieces of furniture needing some repair. You can find some very beautiful pieces which are diamonds in the rough. You may just need to refinish them. 8.Listen for any alterations declared by the auctioneer in the furniture description, they will usually give these at the beginning of the auction. 9.If you should mistakenly bid on the wrong piece, immediately tell the auctioneer , even if you already have a legal responsibility once you won the bidding to purchase the item, depending on the auctioneers good heart, he can again present the piece for auction. Do this only as a last resort. You do not want to get banned from the rest of the auction and you surely do not want to develop a reputation in the auction community for backing out of winning bids. As you attend more and more auctions that the same auctioneers will be conducting all the auctions in the area. It seems there are only a few auction companies in any given area. 10.Be familiar with the auctioneers in your area, approach them and tell them you wish to be informed about certain items that are of interest to you before the auctions.
Related Articles -
machinery auction, machinery auction, machinery auction,
|