Liquidation Auction: Tips for the Newbie
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Transcript of Liquidation Auction: Tips for the Newbie
Liquidation AuctionTips for the Newbie
Liquidation Auction
•Attending a liquidation auction could be a unique experience. Many who participate, keep coming back for more after their first auction
•What some auction attendees like the most is uncovering items they didn’t expect to find
Liquidation Auction
What if You’re New to Auctions?•You don’t have to be a seasoned attendee to have fun
•First thing to remember is get out there and get your feet wet
•Learn all you can about the auction you plan to attend. Find who the auction house is and visit their website
Liquidation Auction
What if You’re New to Auctions?•Auction house will list all requirements to bid: dates and times of inspections and whether auction is to be conducted live, online or both
•Know you’ll be welcome! Experienced auction houses will help new bidders understand the process
•You can attend an auction without bidding to get a feel of things
Liquidation Auction
When You’re Ready to Bid…•Make sure you understand the rules for a particular event
•Review the policies before attending to make experience more enjoyable
•Inspect any items of interest. Items are sold “as-is”, “where-is”, meaning no guarantees given
Liquidation Auction
When You’re Ready to Bid…•You need to pay all the items you win before you leave the auction
•You don’t have to pay for shipping during live auctions
Liquidation Auction
Things to Remember about Liquidation Auctions•Auctions can be social and community events
•Auctions help determine the current market price for items
•Auctions are quick way to dispose items
•Bidders are in total control of pricing
Liquidation Auction
Things to Remember about Liquidation Auctions•Quality auctioneers are professionals with expertise in all kinds of items and auction process. If auctioneers are certified and belong to trade organizations, they will run efficient and ethical auctions
•Liquidation auctions are fun and exciting. You can even make an auction event for whole family
Liquidation Auction
About the AuthorDeb Weidenhamer is President of Auctions Systems Auctioneers & Appraisers, Inc., based in Phoenix, Arizona. They specialize in auctions and professional appraisals.
Visit us at http://www.auctionANDappraise.com or call 800-801-8880 for more information about Liquidation Auctions.