Auction Tutorials

Many auction goers are first time buyers and have no experience in the auction process. When auctions are posted and you see items you have interest in, this is what you do. First of all try the machine out if mechanical or walk around the item to get a good idea on condition. The best…

Auctions come in many forms from a complete business to several items to consignment. Many individuals who have items in storage or sitting around amounting to nothing, may consider consignment. The idea of selling an item or items and not costing you anything, may be attractive. Some folks may have been in business before and…

When attending auctions the first thing you should do is register with the auction. This information will be generated and you be entered and able to get emails or texts about the next auction sale coming up. This is a great way to make sure you don’t miss any sales you may have interest in…

If a sale is being hosted live or on-line an inventory of all the auction contents needs to be documented to identify each item at the sale. At times items would be brought in on consignment which would be handled separately from the total auction sale. At the time of the inventory lotting an estimate…

Auction purchases bring great value to the buyer and final seller desistance to a business decision. Most commonly ways of payment for the goods purchased at an auction would be cash as number one form of payment. Other forms of payments would be credit cards which in certain cases need to be verified with banks.…

Auctions consist of bid price, buyers premium and sales tax. The buyers premium is a fee added to each idea a bidder wins. Buyers premiums range anywhere from 15% up to 20% and higher. The buyers premium is also known as BP. For example a bidder wins the bid on a shop machine at $720.00.…

At auctions auctioneers like the idea of large live crowds and big on-line registered auction bidders. Large crowds don’t necessarily mean a successful auction. It’s having the right bidders that can make the auction a success. Of cause the more bidders the more chance the right bidders are present. As long as you have the…

Auctions can be a variety of items from general merchandise to specific merchandise. We have had auctions such as garden nurseries, flea markets, restaurants, gyms, collectable cars, granite & marble distributors, churches, arcade rooms, corporate office buildings, overstock warehouses, wood & mechanic shops and real estate. Most sales are absolute where everything sells as is…