You may have heard of crazy auction sales, like a Pokémon card that sold for $183,000 this year or artworks selling for millions of dollars. With such a wide variety of collectibles out there, it is no surprise that items like these sell for so much money. Here are some historical facts about auctions that may be even more surprising to you.

Selling used farm equipment at auction is a great idea because you are likely to get a good deal. Depending on how much you are selling, you may wonder if things should be sold separately or as a lot. The answer to this depends on a few factors.

Imagine being caught up in the bidding at an auction and suddenly, you are bidding over your budget. You may take a step back and quickly wonder if you can reverse your last bid. This is one reason why it is important to understand the rules, regulations, and even laws surrounding auctions before you bid.

When you find beautiful pieces of costume jewelry at auction, it can be hard to avoid bidding on them. This is especially true if the pieces are marked. But, what do you do if the jewelry is unmarked? The best way to get a good deal on unmarked costume jewelry is to know how to identify it.

Winner’s curse is something that can affect any bidder at auction, especially if they are not informed. This term refers to a bidder not knowing the value of an item, bidding too much, and then winning. Typically, this happens when the auction gets heated and leaves the winner feeling embarrassed. There are some ways to avoid the winner’s curse, though, and it is important to understand them before going to auction.

If you are visiting an auction that is selling antique guns, you likely already have something in mind. You can look at the catalog to get an idea of what will be available if you aren’t sure. Whether you are new to collecting antique guns or a seasoned collector, it can pay to know some of the best pieces to look for at auction.

Many people have items stored in attics, closets, and basements. These could be childhood memories, items left as an inheritance, or things just accumulated over time. If you have ever wondered if any of these items have more than sentimental value, they could! It all depends on quality, quantity, and collectors. Here are some items you might have around your home that could bring in some cash.

Many people attend auctions to look for particular items like antique toys, farm equipment, and heavy machinery. Estate auctions are known for providing these items and much more! Here some that you may not have considered looking for at estate auctions.

You may not have considered this, but a farm equipment or farm auction could be the place to find collectible vehicles. Most of the time, you will likely see a smaller collection of vehicles. But sometimes, you will find a massive auction listing everything from work trucks to sports cars. This is exactly what happened in August of 2019.

Live auctions are great for sellers and buyers because of their many benefits. Whether you are looking for heavy equipment or collectibles to give as gifts, these events offer almost everything. Online auctions also give you many benefits (and are safer in these tough times). Here are a few reasons you should consider bidding in online auctions.