HamptonBid.com  
  Home Register Appraisals  



What to do at an auction.

Auctions are a unique experience. Some attendees find an auction addictive. There’s nothing like the thrill of bidding bidding against others who are seeking the same item.

You don’t have to be a seasoned attendee to experience the thrill of an auction.
Auctioneers welcome new bidders
.

People who have never been to an auction before should certainly give it a try & get your feet wet. On your first auction you do not expect to be ready to bid. Attend afew autions to get a feel for how they are conducted. Watch and listen, go and have fun!

The auctioneer will explain how the auction is going to work. Most conduct a pre-auction practice session.

You’re free to ask a question if you don’t understand something. Auctioneers will do all they can to encourage you as an attendee!

When you arrive an auction, first register for a bidder number. Read the rules printed or displayed on brochures & handouts. Ask questions to clarify the policy. Inspect the items or property you’re interested in, as most is auctioned on an "as is, where is" basis. This means it is not guaranteed. With autos a preinspection period is given prior to the auction. With real estate, typically a home is open for inspection during a certain time prior to the auction, so that it can commence with bidding at the auction with informed bidders. When you buy an item, you become responsible for it. You pay for most items you purchase before you leave the auction, even if you aren’t taking everything with you that day. With real estate a non-refundable deposit is required of at least 10-20% which may not be refunded if a cash balance is not brought forth withing a certain timego and have fun!

To bid at an auction, you need to make contact with the auctioneer or ringperson. A ringperson is someone who takes bids from the audience and then passes those on to the auctioneer. To bid, hold up your bid card, or shout "yes." The auctioneer or ringperson will make eye contact with you, take your bid and immediately turn and seek another bid. You can remove yourself from the process at any time by shaking your head "no" or saying "no" when the auctioneer or ringperson turns your way. Should an auctioneer or ringperson misinterpret any of your signals, simplycall the ringperson over & clarify the mistake right away. Then the auction can continue properly.


HamptonBid.com | Copyright 2009 | All Rights Reserved