What tips do you have for someone attending an auction for the first time?

What tips do you have for someone attending an auction for the first time?

It's great that you're interested in attending an auction! Here are some tips: 1. Research the auction house and its rules. 2. Set a budget and stick to it. 3. Arrive early to get a feel for the environment. 4. Pay attention to the auctioneer's pace and bidding increments.

How do I know if I'm bidding too much?

To avoid bidding too much, set a maximum limit before you start bidding. Keep track of your bids and remember to factor in any additional fees, like buyer's premiums.

What should I bring with me to the auction?

Bring a notepad for notes, a pen, and your budget. If you're bidding in person, consider bringing a paddle or a way to signal your bids.

Can I bid online?

Yes, many auction houses offer online bidding options. Just make sure to register in advance and familiarize yourself with the platform.

What types of items are usually auctioned?

Auctions can feature a wide range of items, including art, antiques, collectibles, real estate, and vehicles. It varies by auction house.