What should a first-time bidder know before going to an auction?
Asked by sitecontributor|Auctions
Answer
BidBuySmart
Plan to arrive early and inspect anything you are interested in. Most auctions sell items as-is, so preview time is your chance to check condition, measure furniture, and test what can be tested.
Read the terms of sale before you register. They explain the buyer's premium, sales tax, accepted payment methods, and pickup deadlines. Bring identification, because you will usually need it to get a bidder number.
Decide your maximum price for each item in advance and include the premium and tax in that number. It is easy to get caught up in the moment, so write your limits down. Watch a few lots sell before you jump in, and make your bids clear to the auctioneer or ring staff so there is no confusion.
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