The typical auction brings to mind images of a fast-talking, quick-moving person who only says about 3 words clearly and is desperately trying to sell you something.
Other auctions can be slower, more formal and conducted by an auctioneer who couldn’t seem less interested in what’s going on.
No matter the style, auctions can be a great way to get your hands on special, uncommon items that may not otherwise be available.
Items at auctions can come from a number of sources. Many include private companies, homeowners’ private items, estates, charities, liquidators and government agencies (impounded items).
Depending on the type of auction attended, many high-quality and unique pieces of furniture can be purchased for discounted prices. For as many bargains to be had, however, there are just as many priceless pieces.
The key to navigating an auction is to do your homework and have a preset spending limit in mind.
Many auction houses have catalogs and keep updated information on their websites regarding the upcoming auction and the items being offered.
Determining the maximum amount you’re willing to spend on items that appeal to you is a great way to not break the bank and avoid buyer’s remorse.
Upon arrival at the auction, inspect the pieces that piqued your interest. If they live up to the billing, feel free to begin bidding.
See How to Shop for Antiques if you plan on visiting auctions to purchase antique furniture.