7 Useful Bidding Tips

1. The estimate is just an indication

Remember, the estimate is just that, merely an indication of what the piece is worth. If lots of people want the item the cost can spiral, but if fewer are interested you might bag a bargain.

2. Do your research

Get as much information about the item before you start, read the information carefully in advance and don’t be afraid to email the auction house in advance for more photos or information.What are the proportions? Will it fit through your front door or in your living room? It is New or Old?

3. Choose your limit

Decide your limit before the bidding starts. You can get emotionally caught up in the thrill of the moment and continue bidding beyond what you can afford. Say to yourself: ‘What is this item worth to me?’”. We would rather you feel happy about winning a auction rather than regret it.

4. It is a contract to buy

Remember, when the timer expires ending the bid, it establishes the final price and it is a contract to buy.

5. Keep an eye on the deadline

Some auctions will run over days at a time, hotting up as the sale deadline approaches. You receive email alerts as other bidders top your price but watch the bid towards the end of its life as the price may explode due to last minute bidders.

6. Pay up quickly

Once successful, you will have 5-10 bank days to pay and make transport arrangements for your piece of treasure. It’s worth doing this quickly as stocking charge for storage fees may be incurred after a 10 days.

7. Go with your heart

What to buy? Buy with your heart, then you are more likely to enjoy the item and keep it longer.

October 13, 2014

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