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Quick Tips For Going For Phoenix Auctions

By James Johnson


You have probably heard that there is a sale coming up and you're wondering how to make the best out of it. A sale is one of the most dramatic ways to shop, but it's also an interesting process. However, this kind of shopping requires experience. If you've never attended one before, you can use the following tips to help you at any Phoenix auctions.

Conduct deep research. It would be unwise to walk into an auction without even knowing what you want to buy. Even if it's something that looks nice you might end up with an item that is totally worthless. Normally the items to be auctioned will be listed in advance. As soon as this is done, you should find out the real costs and their value so that you decide the best items to invest in.

Arrived early. It's always advisable to be at the venue before the event starts. This will ensure that you register time and get prepared before the bidding starts. It's always good to arrive at least an hour before your lot begins. This is because the registration process can take time. You will also have adequate time to walk around and view the items on offer.

Note the absentee bids. Sometimes, certain bidders may not be able to come for the event. Thus, they send their bids in advance either through writing or telephone. Because they do not know the reserve price, their bids might be much lower. Therefore, if you see a bid that begins at a lower value than the reserve price, it could be an absentee bid.

Take your time. The secret to bidding his patience. Don't be in a hurry place your bid. Instead, size up the competition first. Wait for few seconds and see there's someone who'll make a move. Knowing the number of interested parties will help you know how far the fight might go. If there are just a few guys then you might be lucky to have the last bid.

Watch out for price rises. Normally, the price rises in a systematic way. However, this is not always the case. Sometimes, the auctioneer may jump prizes by very large margins. If in a hurry to place your bid, then you might find yourself trapped with a very high value.

Watch out for items that receive no bid. Sometimes the auctioneer will give a number at the beginning of the auction for a particular item but it will receive no interest. If you are interested in that item then you can appoint the auctioneer and bargain for a lower amount. This way, you'll be able to get some items at a much lower value.

Mark the sold lots. You'll notice that some items are marked to be auctioned but they will not be called out. This could be because they've already been sold. However, it could also be a tactic by the auctioneer to trigger people's interests on those items.

Know the maximum price are willing to bid. When you go for an auction, you need to know how much you're going to spend. If you don't do this you might be carried away by the moment and end up spending more than necessary.




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