Auction Etiquette

Here are Some Do's and Dont's While at an Auction

 

 

DO:                                            

  • Come early and preview all items, this will give you a chance to familiarize yourself with what is offered for sale. 
  • Make sure you have a catalog and make notes about any potential items you want to bid on.
  • Determine the maximum you are willing to pay for an item before the bidding starts. 
  • Get close to the auctioneer and make eye contact.
  • Make sure the auctioneer understands your cues when bidding.
  • Speak loud and clearly.
  • Present your bidder ID card number to the auctioneer when you are the successful bidder.
  • Remain cool. If the bidding goes beyond the maximum amount you anticipated to pay, stop bidding, and wait for the next bargain.
  • Remember, you're buying properties "as - is" and all sales are final.
  • Remember that you will be paying a 5% buyers premium.
  • Remember applicable state and local taxes will be added to the final amount of your purchase.
  • Ask questions.
  • Secure your items when the auctioneer says “Sold” and records you bidder number.
  • HAVE FUN!!!

 

DON’T

  • Talk to the clerk; this is the person who records the bids during the auction. 
  • Talk to others while they are bidding or have conversations near the auctioneer.
  • Interrupt the auctioneer or the auction process when there is active bidding.
  • Move items from one location or box lot to another.
  • Discuss your bid with another bidder prior to bidding: this is collusion and is illegal.
  • Forget to pay for your items.
  • Forget to save the date for the next auction.
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