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.