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.