The first thing you need to know about auction sites is that it is not possible to get a bid number without registering with the auctioneers.
It is very important to know what objects are being auctioned. Surely one should spend some time and inspect their potential purchases before the auction starts.
You will be surprised how many different things can be auctioned off. It doesn’t matter if it’s electronics, cars, clothing, apparel, collectibles, sporting goods, digital cameras, antiques, tickets, or jewelry, anything can become a bargain for bidders. When a category you are interested in bidding on comes up for sale, the auctioneer will announce the lot number and provide some details about it.
The bid will start with the price of the object directly suggested by the auctioneer. Actual first bids may be less than this price, provided the item has a reserve price and the auctioneer will reduce the initial bid towards the reserve price, until a bid is placed.
There is a special way a person can bid: they must draw the auctioneers attention by raising their hand or making some other clear gesture to the auctioneer followed by the amount they wish to bid if it is different from the price advertised by the auctioneers. The auctioneer will expect you to increase your bid every time someone bids higher than you. You must clearly indicate whether or not you want to continue.
The auction will continue until the amount of money is greater than any other bidder is willing to spend on that specific item. This price must be higher than the reserve price of the items. Only then can you say that you have been successful in your purchase.
It doesn’t matter if the auction you’ve entered is an online auction or, say, a Dutch auction, winning a bid requires you to pay an immediate deposit. The auction catalog usually states the amount of the deposit and the type of payment methods accepted.
In the event that the items up for auction are heavy or difficult to move, the auctioneers will arrange for a specialized company to transport them. So before you view a very large item, be sure to ask if a removal option is available on that auction.