Published on November 28, 2016
1. You can’t win an online auction if you aren’t available when the actual auction takes place. If you know that you’re going to be late or can’t make it online at the time of the auction, be sure to submit an absentee bid beforehand.
2. In order to accurately bid on collectibles or luxury items, you’ll need to know the estimated value of the items, the demand for the items, and any potential future drivers of increased attention. Consult experts, guides, and look at previous auctions of comparable items to get a better idea of how much you should be bidding.
3. Given the many auctioneers out there (especially now that online auctions have become more popular), it’s also important to research the auctioneer, so you can be confident of the item you’re buying. A reputable auctioneer like Federal Assets Auctioneers will ensure to you that you’re bidding on an item as described and guaranteed to be given excellent customer service so you can receive the item you won in the most seamless matter possible.