Phoenix Auction House: Buying Tips for Auctions, Part 3

Auction Systems’ auction buyer tips will help you avoid the most common mistakes made by Phoenix auction buyers. Read up on laws, rules, bidding tips and buyer rights below:

Auction Buyer Tip #7: Don’t be shy about bidding loud and large. Raise your bid card in the air if you want an item and keep it up until you are done bidding. Make certain the auctioneer is aware you are bidding because the auctioneer may be taking bids from someone in front of or behind you. Once the auctioneer says “sold,” the item is gone even if you are willing to continue bidding. There are no do-overs in the Phoenix auction business. Spotters or ringmen are there to help the auctioneer spot bids and will signal your bid to the auctioneer.

Auction Buyer Tip #8: When the Phoenix auction starts, you will hear a ringman call out a lot number and give a brief description of the item. The auctioneer will begin selling the item and will ask for you to bid. The auctioneer continues to go up in increments until the item has been sold. Once the bidding has closed, the auctioneer will say “sold” and state the winning bidder’s number and the final selling price.

Auction Buyer Tip #9: During the Phoenix auction, clerks record the description of your items and your buyer number as well as the amount you paid for the item.

Auction Buyer Tip #10: There are some terms that are used during a Phoenix auction of which you need to be aware. These terms are “choice” and “all for one money.”

For more information about Phoenix auctions or for more buying tips, contact Auction Systems.

The quickest way to secure capital from unproductive assets is by selling at a public auction. Auction Systems offers three types of public auctions to serve the needs of clients selling at auction: Live Auctions, Simulcast Auctions, Internet Only Auctions and we also offer Private Auctions.

Simulcast Selling at Auction Methodology
Simulcast Auction combines the live public auction method along with the Internet. Assets can be liquidated on location at your business, home or at our warehouse. Your merchandise appears for sale on the Internet at the same time as in the live public auction. Merchandise is photographed and a description is written for the asset - this information is placed on the Internet at least one week prior to the live event and allows Internet participants to preview and leave proxy bids for item(s) they want to purchase. On auction day, the buyer may either attend the public auction in person or bid from their home or office computer, bidding in real time against other live and Internet auction bidders. The simulcast selling at auction method takes longer to administer and set-up, however the additional revenue created from a worldwide audience can be substantial for our sellers.

Internet Selling at Auction Methodology
Internet Auctions are typically used as a way to sell special collections and small antiques that only appeal to a very selective buyer base. Assets are brought to our Internet sales division, and each item is photographed, a description is written for each item, which is posted to an Internet auction such as E-bay. The process of selling at auction on the Internet only auction is the longest auction to administer because of the length of time it takes to research the items for auction; however in special situations it produces the highest possible revenue for our sellers.

For more information about public auctions or more selling tips, contact Auction Systems Auctioneers & Appraisers.

Auction Systems will be hosting weekly live fast cash auctions beginning May 3, 2010. These fast cash auctions will be a reminiscent of auctions of the past. They will offer individuals the opportunity to bring in items on the day of the auction, have them previewed by interested buyers and receive payment for items sold on the same day.

Auction Systems will be inviting any individual who is interested in selling their valuables at a fast cash auction to participate. Participants will simply have to choose an auction date and bring in their items. These items will then be available to be previewed by Auction Systems’ diverse group of buyers.

These fast cash auctions will begin Monday, May 3, 2010 at Auction Systems located at 951 W. Watkins in Phoenix, AZ and will be held weekly. Auctions will be held Monday nights at 5:30 p.m. Prospective sellers will be invited to bring in their items Sunday from 12 p.m. to 4 p.m. and Monday from 8 a.m. to 1 p.m. Items will then be available for preview on Mondays from 1 p.m. to 5:30 p.m.

For more information about Auction Systems’ fast cash auctions as well as our other auction events, contact Auction Systems.

The quickest way to secure capital from unproductive assets is by selling at a Scottsdale auction. And the surest way to realize the highest cash return is to call upon the services of Auction Systems Auctioneers & Appraisers, Inc. Our firm has produced millions of dollars for sellers in the history of our operation. With statistics such as these, it’s no wonder our auction and appraisal firm conducts more than eighty auctions a year, selling virtually every type of industrial, commercial and personal asset. Auction Systems offers four types of Scottsdale auctions to serve the needs of clients selling at auction: Live Auctions, Simulcast Auctions, Internet Only Auctions and Private Auctions.

Live Auctions
Live Auction allows assets to be liquidated on location at your business or home; or the assets can be sold along with the merchandise of other consigners at our warehouse. Regardless of location, our Scottsdale auctions are thoughtfully set-up to properly display the merchandise for sale. Careful attention is paid to divide and combine assets in a way that will bring the highest sale dollar possible. An individual advertising campaign is designed for the selling merchandise and is targeted towards the buyers that will pay the maximum amount for the assets. The live selling at Scottsdale auction method creates a sense of urgency for the buyer and brings about the quickest cash settlement for our sellers.

For more information about Scottsdale auctions or more selling tips, contact Auction Systems Auctioneers & Appraisers.

Avoid making common mistakes made by Mesa Auction buyers by following our auction buyer tips. Read up on laws, rules, bidding tips and buyer rights below:

Auction Buyer Tip #4: The moment the auctioneer says “sold,” the ownership of the item being auctioned has changed hands. This is the law. If your merchandise is later stolen, you will still have to pay for it. It is no different than having your wallet or purse stolen while shopping at a store.

Auction Buyer Tip #5: Know what you are bidding on by closely inspecting each item before the Mesa auction. This is why an auction preview is offered. Use your own evaluation as your bidding guide, not the auctioneer’s description or other bidders’ comments. You are buying the merchandise “AS IS” with no guarantees of any kind from the seller or auctioneer. The risk of the item not being what you wanted should be factored into your bidding amount.

Auction Buyer Tip #6: A fast-moving Mesa auction benefits both buyers and sellers. Auctioneers have the right to reject any bid amount that would slow the bidding. Auctioneers cannot wait for slow bidders, so know in advance what to buy and how much to spend. Your inability to keep up with the bidding pace is not the auctioneers’ concern.

For more information about Mesa auctions or buying tips, contact Auction Systems.

Auction buyer tips will help you avoid common mistakes made by Scottsdale auction buyers. Read up on laws, rules, bidding tips and buyer rights below:

Auction Buyer Tip #1: Do not mistake Scottsdale auctions for retail sales. The two have very little in common. Auctions are different from retail because auctions are governed by federal laws, state laws, Uniform Commercial Codes and city ordinances. When you bid at a Scottsdale auction you actually enter a legal contract.

Auction Buyer Tip #2: You must have a bidder’s card in order to buy at the Scottsdale auction. To obtain a bidder’s card, you must put down a deposit for a bid card. This insures that you will pay for all your purchases that you bid on. Once you pay for your items or decide to leave the auction without purchasing any items, your deposit is immediately returned to you. If you do bid and win, your deposit is applied to the purchases.

Auction Buyer Tip #3: Be careful when you bid on lots. Know how much you are bidding and whether you are bidding against your spouse, parent, sibling or friend. Although you can retract a bid while the bidding is open, you cannot retract it once the auctioneer has said “sold.” Auctioneers expect you to take full responsibility for your bids.

For more information about Scottsdale auction houses or buying tips, contact Auction Systems.

Auction Systems offers interested sellers several different types of auctions in order to properly sell merchandise for the highest dollar. They offer live auctions, where auctioneers auction off the sellers items, online auctions, similar to those on eBay, and simulcast auctions, which feature an auctioneer led live auction as well as an online auction.

Auctioneers and auctions do not guarantee that individuals will receive the highest dollar for the items but often due lead to sellers receiving more for their product than even they thought they could receive. Auctions offer sellers the opportunity to have their products bid on by competing buyers which often drives the selling price higher than expected.

For more information on selling your valuables at an auctioneer led auction contact Auction Systems.

Auction Systems offers interested sellers several different types of auctions in order to properly sell merchandise for the highest dollar. They offer live auctions, where auctioneers auction off the sellers items, online auctions, similar to those on eBay, and simulcast auctions, which feature an auctioneer led live auction as well as an online auction.

Auctioneers and auctions do not guarantee that individuals will receive the highest dollar for the items but often due lead to sellers receiving more for their product than even they thought they could receive. Auctions offer sellers the opportunity to have their products bid on by competing buyers which often drives the selling price higher than expected.

For more information on selling your valuables at an auctioneer led auction contact Auction Systems.

Auction Systems’ Arizona auctions are different from eBay auctions in several ways. Auction Systems does not allow users to post public auctions to their site. Auction Systems controls all the products they sell as an agent for their selling clients. Auction Systems acts as a marketing and advertising expert for those who sell in their Arizona auctions. This allows sellers to gain maximum exposure and attracts the highest bidders to their public auctions.

Auction Systems also offers sellers the opportunity to publicly auction their merchandise over the Internet and live. Auction Systems’ Internet or simulcast cast auctions end date and time is actually the beginning of their live Arizona auctions. So if a live auction starts on Saturday at 9:00 a.m. MST, that is when the first lot in that public auction will be offered for bid to the live bidder competing against the Internet bidder until the last bid for the item is over and then the item is sold.

For more information about Arizona auctions and how they differ from those on eBay, contact Auction Systems

Auction Systems’ AZ auctions will be holding an estate auction on Sunday, February 28, 2010 at 1 p.m. AZ auctions like this one are held at Auction Systems, which is located at 951 W. Watkins St. in Phoenix. All items will be available for inspection Friday, February 26, 2010 from 10 a.m. -2 p.m. and on auction day from 12 p.m. – 1 p.m. at Auction Systems.

Items available at this auction include antiques, vintage electrified fully furnished dollhouse, authentic pirate ship doors, collectibles, artwork, crystal and glass, pottery, porcelain, pianos, furniture, an adjustable bed, a jacuzzi and more. Auction Systems’ AZ auctions feature high quality merchandise at an affordable price and items are to be viewed online but unlike most of Auction Systems AZ auctions items are only available to bid on in person.

For more information about AZ auctions or this estate auction contact Auction Systems.