Houston Antique auctions circuit is heavily contested with many long time bidders. They are tough to beat if one does not control their emotions. Losing control during a bidding war inevitably costs players a lot of money. Hence, always be modest and remember that the best players also lose if their emotions can be provoked. Hopefully the following tips shall help you overcome such situations and win your first auction.
Even before you can start bidding on an item, you have to conduct some background research. First thing to research is what the price of the item could be and what the seller is willing to accept. This price is usually called the reserve price and is a cut off below which the item remains unsold. If you can carefully monitor each item, find out their actual worth then you can accordingly place bids for the same.
What you should do is practice more often. In order to do this, you need to attend as many bidding wars as you possibly can. There watch the pros battle it out taking special note of any strategies that they might be using to give themselves an advantage. Doing so ensures that you can bid with confidence when your time comes and control your emotions.
Never go to any auction without having arranged your finances. Just because something looks like a bargain does not necessarily mean that you shall get it cheap in an auction. Truth is that many people end up losing more money than what they anticipated because they did not fix their financial aspects. Moreover, when you do approach a bank for funding, do so with a written request and a written consent so that you can use it to secure your winnings. Never try and exceed the loan amount that you have taken as your bank will never back it up.
Remember to carry identification documents such as a driver license or any other ID. This is because any auction always requires registration to enter and this in turn needs an address and ID proof. Having these things means that you need not turn away ever from an auction.
Never lose your cool in the middle of bidding. The moment you feel like you are thinking with your emotions back away. If you cannot do this, then get a friend or family member along who can bid on your behalf or stop you from going beyond your budget. However, remember to clarify the rules regarding proxy bidders because most auction houses bind the bid of the proxy to that of the actual buyer.
Confidence is something that you must naturally possess to progress in bidding wars. The auctioneer and everyone else must notice the confidence in your tone. This can be taken very seriously by other bidders and those who sense a lack of spirit in a bidder tend to immediately steal bids by playing psychological games.
Finally always know when the time to stop has come. There is nothing wrong in giving up but never continue with the temptation to bid more and walk out of the room spending all the money you have. Houston antique auctions are heavily contested and thus you have to stop bidding sometime or the other.
Even before you can start bidding on an item, you have to conduct some background research. First thing to research is what the price of the item could be and what the seller is willing to accept. This price is usually called the reserve price and is a cut off below which the item remains unsold. If you can carefully monitor each item, find out their actual worth then you can accordingly place bids for the same.
What you should do is practice more often. In order to do this, you need to attend as many bidding wars as you possibly can. There watch the pros battle it out taking special note of any strategies that they might be using to give themselves an advantage. Doing so ensures that you can bid with confidence when your time comes and control your emotions.
Never go to any auction without having arranged your finances. Just because something looks like a bargain does not necessarily mean that you shall get it cheap in an auction. Truth is that many people end up losing more money than what they anticipated because they did not fix their financial aspects. Moreover, when you do approach a bank for funding, do so with a written request and a written consent so that you can use it to secure your winnings. Never try and exceed the loan amount that you have taken as your bank will never back it up.
Remember to carry identification documents such as a driver license or any other ID. This is because any auction always requires registration to enter and this in turn needs an address and ID proof. Having these things means that you need not turn away ever from an auction.
Never lose your cool in the middle of bidding. The moment you feel like you are thinking with your emotions back away. If you cannot do this, then get a friend or family member along who can bid on your behalf or stop you from going beyond your budget. However, remember to clarify the rules regarding proxy bidders because most auction houses bind the bid of the proxy to that of the actual buyer.
Confidence is something that you must naturally possess to progress in bidding wars. The auctioneer and everyone else must notice the confidence in your tone. This can be taken very seriously by other bidders and those who sense a lack of spirit in a bidder tend to immediately steal bids by playing psychological games.
Finally always know when the time to stop has come. There is nothing wrong in giving up but never continue with the temptation to bid more and walk out of the room spending all the money you have. Houston antique auctions are heavily contested and thus you have to stop bidding sometime or the other.
About the Author:
You can visit the website www.trevizoauctions.com for more helpful information about Tips To Win Houston Antique Auctions
No comments:
Post a Comment