(806) 244-4453 Fax

Monday, June 20th, 2016
bidding strategies

Obtaining items for a silent auction is not always easy. It takes a lot of leg-work, phone calls, and even traveling around in order to secure items to sell at auction. You don’t want any of your silent auction items to be ignored after you have worked hard to obtain them. You will need to make sure the items are displayed in a way that grabs the bidder’s attention. The following five tips will teach you how to strategically place your auction items, make bidding a fun and easy experience, and ultimately make a profit.

Thursday, May 5th, 2016

You can bid on an item at an auction even if you are not able to be there yourself by placing an absentee bid. An absentee bidder places their bid with the auctioneer prior to the beginning of the auction. These offers can be submitted in written or verbal form, depending on the terms set by the auction house. It is important to understand how absentee bidding works before using this method to buy items at an auction.

Thursday, May 5th, 2016

Charities often hold auctions to raise money for their organization. All of the money collected from bidders to purchase items is then given to the specific cause of the organization. Some people may wonder whether or not their bids constitute as a charitable donation and how that affects income tax. In order to seek an income tax deduction for charity auction items, you need to understand fair market value and keep a record of your purchases. It is also important to understand the tax implications for donating items to a charity auction and how to keep records of your donations.

Thursday, May 5th, 2016

Many people love to rummage through the histories of others to find what treasures they are parting with. The hope of finding something valuable is what keeps those people searching through garage sales and thrift stores. Another place to look for treasures is at an auction. To find a valuable item, you need to be in the right place at the right time and know how to place the right bid. Locating the treasures, knowing their value, and knowing how to spot them at an auction is also important.

Thursday, May 5th, 2016

Going to a real estate auction could be the riskiest or best business venture you have ever entered. You could be bidding on the most profitable real estate purchase possible. Real estate auctions are not guaranteed to produce a bargain, however. You have to know what you are bidding on and what the market value is to get good deals. Bidding on real estate without knowledge of how the process works could have you paying more than the property is worth. You can follow several tips before bidding at a real estate auction to help ensure you are investing in a profitable property.

Thursday, May 5th, 2016

An antique car auction is the perfect way to get an incredible classic car at a good price. However, you should take precautions to make sure you don’t pay too much. For example, make sure you know your limit and do not go over that amount, because you cannot reverse a bid once it is given. You should follow these four tips at an antique car auction to make sure you maximize every dollar you spend.

Thursday, May 5th, 2016

Attending an auction is a great way to get well-priced, unique pieces of jewelry that are tough to find anywhere else. You should follow some tips while at auction to ensure you are getting quality jewelry for the price you bid. You will need to compare the prices with similar pieces, verify the quality of the jewelry, and possibly get an appraisal if bidding on high-priced items.

Thursday, March 10th, 2016

If you have decided you want to purchase a new home at auction, it is important to know how to prepare for a real estate auction. First you must know how to find a real estate auction and how to confirm the auction status and location. Next, confirm if there are specific bidding procedures used by the auction house and research the market value of the real estate being auctioned. Finally, find out how much you can bid at the real estate auction to get the best deal possible.

Thursday, March 10th, 2016

Hosting a live auction is a great way to raise money for the charity of your choice. First, you must choose a date and a place for your event and ask local businesses to donate items. Then, you need to publicize and market your event so you can get people there on auction day. You can market your charity auction by advertising it in various ways and by hiring entertainment to attract bidders.

Thursday, March 10th, 2016

Auctions offer a unique method to sell items based on bidders competing against each other to make a winning bid. The seller tries to make the most money they can from the sale, while bidders attempt to purchase an item for a desired amount. A seller can offer anything at an auction, from valuable paintings to household items. The prices these items sell for are typically set by the competing bidders, not the seller. Although this pattern is true for all auctions, there are many different types of auctions that have different pricing structures.