For collectors and bargain hunters, there’s nothing like the excitement of a live auction. Auctions are equal parts sport and shopping. They’re also prime sources for furniture, artwork, and accessories. Learning how to bid at an auction is just one step. If you’re looking for beginner auction tips, read these do’s and don’ts before you bid.
Do Check The Payment Terms Before The Day of The Auction.
Make sure the auction house accepts checks or credit cards if those are how you plan to pay.
Ask about deposits and extra charges also. At some auctions, you have to put down a refundable deposit when you register to bid. Some also add a buyer’s premium to the hammer price, which is your winning bid.
Don’t Wait Until You’ve Won to Check on Pick-up And Delivery Options. Read More