How to Attend an Online Auction
I attended my first online auction before the and of the last century, in 1998. Not a long time ago to me but to those gen x'ers it's more than a lifetime.
The auction was held by a new company, now internationally known and who continues to be the most widely used site by sellers and buyers alike. It's not perfect but is offers the most variety of items, ease of use from signing on to cashing out.
Since those early days I have attended hundreds of auctions from the comfort of my office or where ever I happen to be.
Deciding What Auction to Attend
There are several auction sites devoted to hosting auction from around the world. Get to know these sites by previewing their auctions, the items being auctioned. Be certain to understand the condition of sale, who arranges and pays for shipping of large items like furniture.
Many of the larger auction houses host their own auctions. I recommend the same information be reviewed. Check what the auction house specializes in, what types of payment are acceptable, what is the average selling price for items of interest to you.
Most important, read reviews of the auctions, are bidders satisfied. Chances are if others have been you will be too.
Do Your Homework Before Bidding
Now that you have identified which auction to attend it is time to complete the registration process. Most auctions will require you to register, sometimes providing a credit card in order to bid on items.
You will be issued a bidding number and will be required to select a name to identify yourself during the bidding process.
Carefully review the pics of the items being auctioned. Bookmark them, read the descriptions.
Contact the auction house with any questions. The time to ask is now, not after you have won the bid.
Prior to the auction starting is the time to develop your list of items on which you want to bid. Some auctions allow pre-bidding. If you are available you can attend the auction in real time.
Determine the highest bid you will enter. It is important to hold yourself to this during the auction, otherwise you may find yourself bidding more than you wanted. Avoid bidding wars and bidding fever, these lead only to buyers remorse.
Selling a Collection
Online auctions are a great way to add to a collection, find items to start a new collections, keep current with trends in the auction industry. Lastly should you decide to downsize a collection you will have the knowledge to select the right auction house for selling your items.
Send me your stories of online auctions. I would love to share in your experiences!
http://www.antiquestattheirongate
auctionmom80@gmail.com
