Feel free to just get your feet wet - don't think you have to go to
your first auction ready to bid. Attend an auction or two in your area to
get a feel for how they are conducted. Watch and listen, then move on to
bidding if that makes you comfortable.

"Am I getting a bargain?" is a frequent question. Think of
it this way - buyers get exactly what they want, at a cost of only one bid
higher than someone else was willing to pay.
Many auctioneers spend some time addressing commonly asked questions and
explain how the auction is going to work. Some even conduct
pre-auction or practice sessions, or brief tutorials, about the auction
process. If you are interested in going to your first auction, check with
local auctioneers to see if they offer such a service.
Always remember at an auction to feel free to ask questions
if you don't understand something. Auctioneers and their staff
want people to continue to come to their auctions, so they will do all they
can to encourage repeat business. Ask a question of a member of the
auctioneer's team and they will find the answer for you.
When people arrive at an auction, everyone is encouraged
to read the rules printed on or displayed on posters, brochures or handouts.
Again, ask questions if you don't understand a policy. Inspect the merchandise
you're interested in, as most is auctioned on an "as is", "
where is" basis. This means it is not guaranteed. When you buy an item,
you become responsible for it. And, keep in mind that you'll pay for the
items you purchase before you leave the auction, even if you aren't taking
everything with you that day.
During the auction, auctioneers stand where they can be
easily seen and often use a public address system so the bidders can
clearly hear them. An item is selected, described and then bidding is
opened.
In order to bid at an auction, you need to make contact
with the auctioneer or the ring person. Ring personnel assist the auctioneer
in hearing and acknowledging all bids and assures the bids are accurate. A
ring person takes bids from the audience and then passes those on to the
auctioneer. To bid, hold up your bid card, your hand or shout "yes."
The auctioneer or ring person will make eye contact with you, take your bid
and immediately turn and seek another bid. You can remove yourself from the
process at any time by shaking your head "no" or
saying "no" if the auctioneer or ring person turns your way.
Should an auctioneer or ring person misinterpret any of your signals,
simply report the mistake right away.
As increasing bids are received, the auctioneer's
"chant" becomes a series of prices, with filler words to make
the chant rhythmic.
When the final bid has been accepted, the buyer will
identify himself/herself and the clerk will record the bid. When the buyer
is ready to leave, the cashier will receive payment and release the
merchandise. Today's modern auctioneer tape record the entire auction to
benefit both the buyer and seller.
Newspaper ads and direct mail campaigns provide information
on most auctions. They list date, time, location and often list many of the
items for sale. |