How Does an Auction Work?
Auctions can be intimidating if you’ve never experienced the excitement of a live or online bidding war.
Most people picture an exuberant crowd waving paddles in the air wildly...okay, maybe not quite like the photo shown here, but the truth is auctions can be a lot of fun.
Until recently, the only way to be the winning bidder was to register and attend the auction in person.
The market has changed over recent years and so has our buying process.
These days, the experience can be just as exhilarating from “the comfort of your own phone” by simply bidding from your mobile device or computer.
Bidding at a live or online auction can be done by just about anyone as long as you’re approved and registered to bid. With a little bit of homework and preparation, you can start buying at auction with confidence and assurance.
So how does it all work? It’s pretty simple and can be done in 3 easy steps: