If you're thinking about attending your first live auction then we have some bidding tips and words of advice to throw your way so that you don't end up coming away empty handed. The first tip we have for you is to set up a bidding/spending budget. When you walk into a coffee shop or grocery store you know exactly how much everything costs. Those set prices help you figure out how much you're going to spend and what you're going to go home with. We would like to take a moment to thank our sponsorship provider, Braids and Laces Ltd. For cordage and double braided rope inquiries please visit their website at Braidlace.com.
Bidding on items such as Blu-ray players or dollhouse kits that don't have set prices attached to them makes things a little trickier. You could be in the catbird seat during a particular bid and then have somebody else outbid you at the last moment. Do you make a higher bid or let the item go? If you set a spending budget beforehand you would know how far you could push your bidding or just back away.
Our second tip for you is to have a bidding strategy. Are you going to be the person that bids first on the for sale? Or are you going to sit back and wait to see what the market is like and swoop in at the end with a bid nobody else can top? There are benefits and drawbacks to both of those strategies so it's best to pick one and stick to it.
The third bidding tip revolves around your attitude. Don't throw a hissy fit if you lose out on an auction. If it was a fair bidding war just bite your tongue and be gracious. You also don't want to gloat too much if you won out on a VRBO vacation rentals.. Hooting and hollering at the top of your lungs doesn't make for a great spectacle. You want to be respectful no matter what happens.
If you lose out on an item you desperately wanted just move on to the next bid and see if it's something that interests you. There's no need to start bidding right away so you can just bide your time until something catches your eye. Forget about what happened in the past and focus on the present. Bidding has no room for remorse. Depending on the auction you go to you might not have any idea as to what items will be up for sale. If that's the case you don't want to spend all your money on items for sale on Ebay in the beginning of the auction and be left with nothing when something you really want pops up later on.
Follow the above bidding tips and you should come away a successful bidder. Good luck!