The Process For Buying Antiques And Collectibles At Auction

Live auctions are thrilling and fast paced. Buyers, sellers, and auction staff all engage in the excitement of live bidding. When it comes to those that love antiques or collectibles, auctions are an excellent way to find missing pieces of their collections. If you are a collector of antiques, auctions offer you a chance to purchase hard-to-find items at prices too good to pass up.

Some auction goers are intimidated by the process, but auctions are community events filled with like-minded people looking for a great deal. Arming yourself with knowledge and preparation will help you get great deals on antiques and collectibles. The following explains the typical process you will experience when buying antiques and collectibles at auction.

Arriving at the auction

Consider arriving about an hour before the start of the auction. The items, including antiques and collectibles, are usually open for inspection before the sale begins. Arriving early gives you time to check out the items and learn more about them. You will also need time to register, which requires you to bring a valid ID.

You will receive a bidder card after you register. Many auction houses have specific rules about how bidding works at their events, so familiarize yourself with these guidelines before you place a bid. Ask staff any questions you may have. It is best to know exactly how the process works before you get caught up in a bidding war.

When the bidding begins

The auctioneer will begin by announcing an item or lot that is up for bid. They will then call for an opening bid, sometimes suggesting a starting amount. The rapid chant of the auctioneer that so many are used to seeing in movies is used to compel bidders to make competing bids. If the bidding slows and the auctioneer determines that there are no more bids, they will declare the auction closed and move to the next item.

Paying for your item

If you have successfully won a bid on an antique or collectible, you will go to the cashier to pay for your item. Each auction house has its own set of rules on how payments are made. Some only accept cash or check, while others accept debit and credit cards.

More information on antique sales

If you are an antique collector or you are interested in starting a collection, live auctions are the best place to find the items you need. The experience is worthwhile and can be rewarding if you prepare ahead of time. For more information about how to purchase antiques and collectibles at auction, contact the experts at High Plains Auctioneers today at (806) 244-6776. You can also Contact Us by email to learn more about auctions. Don’t forget to view our Upcoming Auctions to see what we have available.