If you are completely new to the auction world (and perhaps trying to furnish your first home on a budget) you might be nervous about bidding. Here at Glyn Jones Auctions we can help guide you.
A member of staff can help with your journey to buying your first lot
First of all you need to register – if you are going to be at the auction in person you do that by speaking to a member of our team beforehand, if you want to bid online you will need to register with our online auction service. To find out more information about registering and the information you will need to provide – visit our Auctions page.
Previewing lots before the Auction
You’re viewing the lots before the Auction and let’s say a chest of drawers catches your eye. You like the piece, it is exactly the right dimensions – but what next? Ask one of our friendly team what would it go for. They will be able to give you a price range as a rough guide. If that number fits within your budget of £50 – mark the lot number in the catalogue and get ready for the Auction to start.
The auction starts
The auctioneer will start with a number and will come down in increments until someone puts their hand up. Let’s say a starting bid of £20 is achieved by someone else, you go to £25 because the bidding increments goes up in 5s.
Someone else goes to £30. You go to £35.
No one else bids, and you get the chest of drawers for £35 plus buyers premium! Congratulations you have just won your first item at an auction. Don’t forget to show the auctioneer your bidders number 🙂
Making payment and taking home your item
Now all you have to do is make payment after the auction has finished and arrange to take home/collect/or organise the delivery of your item.
You will soon get the hang of it! Then you will be buying something every week.
Some important things to remember:
- Auctions are meant to be fun but do carry a serious business element.
- The value of an item is only worth what a bidder is willing to pay on the day and no two sales are ever the same.