This is the final part in a two part series, you can read part one here.

Although it may not seem like a great deal for the buyer to have items go for higher prices, it actually is of benefit.  Even if you get an unbelievably priced item at an auction one time, the number of sellers may dry up to a point that fewer quality items are available at future Tempe auctions.  And, if not items of interest are being auctioned, you won’t be inclined to attend.

If the answer for keeping auctions viable for all parties is attracting more buyers, how can that be accomplished?  The first step is to focus on people who like to shop.  Just take a look at weekend events like craft and art shows.  The hordes of shoppers attending these events would be perfect targets for auctions.

Also, antique stores have become increasingly popular over recent years.  People often pay premiums for merchandise in these retail outlets.  And, they may be unaware of the huge inventory, quality and attractive pricing of antique and collectible items offered at a Tempe auction.

The majority of the population has not attended a live Tempe auction.  Therefore, most people don’t know the buying opportunities available, as well as the exciting atmosphere.  In fact, often auction attendees claim they’re hooked after attending their first auction!

Reaching potential buyers through advertising is one way to try and attract additional attendees.  Creative options, like advertising in places non-traditional auction buyers might look, can increase interest.

Another way to attract new buyers to a Tempe auction is to make it as unintimidating as possible.  Some people may find the pace of the bidding and auctioneer’s chant a little overwhelming at first.  But, making new buyers feel welcome and offering to help them learn the ropes can turn them into avid attendees.

Encouraging bidder participation in every way possible will benefit all involved.  More bidders mean more items sell near or at fair market value.  And that’s good for everyone!

To find a Tempe auction near you, contact Auction Systems today.

This is the final part of a two part series. For part one, click here.

If you’ve never been to a Tempe auction, this article will provide an overview and should answer most of your questions. When you attend an auction for the first time, you’ll learn the ropes very quickly.  However, learning about auction registration, item inspection, terminology, bidding and more will help make your first auction is a productive experience.

Auction Terminology

The auction company organizes items into “lots.”  A lot may contain one or more items with a single inventory number.  Auction companies sell some items individually and other items in groups.  Whatever items are included in a lot, the Tempe auction company will define them in detail.

The “auction catalog” is a document produced by the auction company that lists all the items to be sold.  The catalog lists the lot number, quantity and description.  The bidding process follows the item order in the catalog in most cases.   Although many auctions provide catalogs, some may not.

The auctioneer calls out bids in a fast-talking manner referred to as a “chant.”  Some auctioneer chants may be easier to understand than others.  The chant is designed to move the bidding along quickly.

Auction Bidding

There’s no need to be intimidated by your first Tempe auction.  It’s actually a simple process.  After registering, you’re given a numbered bidder card. When an item you want is presented by the auctioneer, you simply raise the bidder card.  Make sure the auctioneer sees your card so your bid is acknowledged.

The Opening Bid

The opening bid is usually set by the auctioneer.  Typically, he or she will tell bidders the approximate market value then suggest an opening bid.  If nobody bids, the auctioneer drops the price until someone bids.  When someone does bid, that’s the opening bid and the auctioneer will ask for subsequent bids in increments he or she chooses.

Paying for Purchases

The Tempe auction company will keep track of all winning bids and bidders.  To complete your transaction, you “check-out.”  During check-out, you’ll receive an invoice including your winning bids, item descriptions and sale amounts.

Check-out may be held during or after the auction, depending on the auction company managing the process.  With larger auctions, you can usually check out when you’re finished bidding.  You’ll need to collect your purchases and remove them often with a couple hours after the auction.

A Tempe auction is an exciting and fun experience.  As a bidder, you’ll get the opportunity to purchase all kinds of items often at bargain prices.  For upcoming auctions, either check out our upcoming Tempe auctions page or contact us.

If you’ve never been to a Tempe auction, this article will provide an overview and should answer most of your questions. The first thing you should know is most auctions are public events.  Therefore, anyone may attend a public auction.  In fact, you’re likely to find a friendly and helpful environment when you attend your first auction.

The second thing you should realize is the opportunity you’ll likely have to pick up some really great deals.  Most people attend auctions to get bargains on a wide variety of unique items.

When you attend a Tempe auction for the first time, you’ll learn the ropes very quickly.  However, here’s a rundown of things to help your first auction be a productive experience.

Auction Registration

To bid at most public auctions, you need to register with the auction house.  Registration is generally free of charge and is a quick and simple process.  Only a driver’s license is required.  However, auctions may require a deposit to cover your bids.

The registration process is required because you are entering into a legal contract when you bid at a Tempe auction.  It’s important to understand that any bid you make at auction is a promise to pay for the item.  If you are the highest bidder, you bought the item!

Item Inspection

Time is set aside before each Tempe auction so you can inspect the items up for sale.  The auction house will advertise when inspections will be held.  And, you can visit the auction house web site for all the details on upcoming auctions.

The inspection period is the only time you’ll have to examine the items and determine their value.  All items are sold as-is, so it’s critical you evaluate items for any flaws or issues.  And remember, if you bid at a Tempe auction, you’re entering into a contract to buy the item.

You should also understand that no warranties or guarantees are given with any auction purchase.  Refunds will only be given if the item was described inaccurately.  For example, if the auction company says the item is working and it isn’t, you would qualify for a refund.

In part two of this series, we will discuss more about bidding at Tempe auctions. For upcoming auctions, either check out our upcoming Tempe auctions page or contact us.