Tuesday, June 21, 2011

Auctions 101 & FAQs

If you have never been to an auction or sold items at an auction, auctions can be intimidating. My first experience with auctions that I remember was when I was about 6 or 7 years old. My dad enjoyed auctions. My mom went along from time to time. My parents found some great things at auctions over the years. While growing up, both of my sisters’ bedroom sets came from auctions. My dad liked the hunt of a great find.


As a consignor (one who sells items at an auction), it’s a pretty simple process. You give permission for your items to be auctioned off. Auctioned off means items will be sold to the highest bidder.


If you are like my dad and like the hunt of a great find, an auction is a super place. While bidding at first might seem scary but once you get the hang of it, it can be exciting and really fun! Yes, auctioneers do tend to speak fast, but if you observe a few bids, you will get the hang of what he or she is saying. Or better yet, go with or stand next to a veteran. They will be more than happy to help you with the bidding process.


When you arrive at an auction, you will want to get a bidding number. Even if you aren’t sure you will bid, get one anyway. That way you are prepared should something come up for bid that you want. Look for the signs that say “Bid Numbers Here” or “Numbers Here”. Sometimes, they are within a stand-alone camper or other times they are available at a table. Be prepared to give them your name, address, phone number and your driver’s license. Should you be successful with bidding and get an item, this is also the same place you usually pay for your items.


Once you receive your bid number, don’t go waving it around as it might be mistaken as a bid on your part. Also be careful about raising your arms or waving hello to someone across the way. This too can be mistaken as a bid.


If you bid on something and get it, be prepared to carry it or haul it out to your vehicle. You will have until the end of the auction to carry your items away. Therefore, if you plan on bidding on big items, you might want to bring along the appropriate transportation. For smaller items, bring along a box or basket. It makes it easy for keeping the items you won together and for carrying out.


How expensive are items at auctions? Well, this varies. Some things go for as little as $1 others like vehicles or lawn equipment can go for thousands. In most cases, personal property auctions, estate auctions or auctions with household, furniture and antiques (like the one we are having this Saturday June 25, 2011) tend to have a variety of items at all prices.


How long do auctions last? This varies depending upon the type and amount of items. However, in most cases 3-5 hours is not uncommon.



Is there a chance to preview items before the auction begins? Some auctions have specifically advertised preview times. For others, previewing is generally allowed 1-2 hours before the auction begins.

Becky Esker is a certified professional organizer, national speaker, owner of Get Organized! L.L.C., and the forthcoming author of a new organizing book. Becky and her team provide hands-on services to those in the greater eastern Iowa area and also provide a wide array of products and service to businesses and individuals nationwide through their website. For more information access www.TheOrganizingChoice.com, www.SecondGOAroundAuctions.com; www.ItsSimplySerendipity.com; and www.OutstandingSeminars.com