According to Wikipedia an auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder. In economic theory, an auction may refer to any mechanism or set of trading rules for exchange.
Thursday, February 16, 2012
The Alternative to Absentee Bidding - Antique Auctions Online
Real Auction Houses, Real Auctioneers, All Online
Antique auctions online don't have to mean shopping at eBay and hoping that your seller is the real deal. There are now several online auctions available where you can make purchases from a respected auction house that actually offers you the same guarantees that a traditional auction house does and where an actual, human, licensed auctioneer conducts the bidding.
These miracles of the modern world can be found online, though you do still need to be careful. You need to make sure when you pick an online auction house that they are the real deal.
How to Check if the Antique Auctions Online That You Found are Legitimate
So you found a perfect antique that will be available from an online auction house. Now you need to check whether or not the place is real or if it's just some guy who has a slick web site but will sell you made in China replicas. How do you go about checking it out?
Simple. Every state has licensing requirements for their auctioneers. They must apply for a license, submit to certain types of training, and offer certain types of guarantees to their customers before they may sell anything in the state. What you need to do is to note the home state of the auction house you want to work with and then search for "auction license requirements [name of state]." This should show you the web site for the state department that takes care of licensing auctioneers. You can then peruse their web site to find out if they have a list of licensed auctioneers.
If they do, just look for the name of the company that you want to work with. If they don't, pick up the phone and call them. Ask for the clerk in charge of registering auctioneers and ask point blank whether or not the auction house you want to work with is licensed and whether or not complaints have been registered against them.
Additional Ways to Be Sure
In addition to the above, which will tell you only whether the antique auctions online that you are considering are actually legitimate, you should also consider contacting the state's Better Business Bureau office to find out of the auction house is a member and or if they have ever had complaints registered against them.
Finally, you can simply search on Google to find out about the auction house by name and see what people are saying about them. Then check the Twitter and Facebook feeds for more real time comments and you'll know if you've got a legitimate online antique auction or not.
Bid live online in upcoming live auctions at http://www.icollector.com/about.aspx. William J. Walberg is a freelance writer who writes articles in the auction and technology industries.
Friday, December 2, 2011
Foreclosure Auction Bidding Strategy
The first thing you will need to know what exactly you are looking for and what a foreclosure auction really is. When a person defaults on their mortgage payments the lender gives the borrower notice of foreclosure. The current homeowners are allotted a certain amount of time to make up the balance owed, and if they don't, this asset will be auctioned off in a live or online government auction. Now, anyone from the public has the opportunity to bid on this item-no matter where the value ends, that is what the property will be sold for. Different types of properties get auctioned off on a daily bases. You can bid on anything from a single-family home, to a FEMA trailer, to even an apartment complex. If you search hard enough, you will surely find an adequate home for you and your family-or a nice invest purchase.
Now that you know what a foreclosure auction is, you can figure out your best strategy to getting you that home you always dreamed of. Finding an outlet-be it online or live-auction info will be your ticket to a new home. Though newspapers and other periodicals are a great source for government auctions, online databases are more likely to have that specific property you're looking for. These types of websites have search engines and keyword searches that make it unbelievably easy to find a property in your area.
Next, you are going to want to do some background research on the area of the property. Check the school district, parks, city infrastructure, and other various factors that will help you make a price assessment of the item. After you have done this, you will have a set limit/value of how much you are willing to spend. That number will be a constant figure that you never go over-you don't want to catch "auction fever" and lose control of your finances. That is one mistake that can get you into a lot of trouble. If the price of a home starts going past your limit, you should simply move on and find a different property.
If you have never been to an auction, you should take the time to familiarize yourself with the auction's rules and regulations, as well as looking at videos and pictures of live auctions. One of the best things you can do before you actually jump into bidding is checking out a live auction yourself-pretty much doing a test run. That way, you can see the type of people that attend these auctions and get the bidding pattern down so you don't mess up when you attempt to bid on something. In that sense, you will also learn how to place a bid. Some auctions require a verbal bid, while others allow a hand or paddle rising.
Another thing to keep in the back of your head is having confidence. Don't get pushed around and don't be intimidated by other bidders. Everyone there is for the same reason-and anyone can win these auctions. These auctions are not geared towards dealers or real estate companies. The only thing you will need proper identification and enough money in the bank or on hand to pay for any assets you win.
With the knowledge you have learned in this article, I think you will be ready to take the next step. Whether this property is for a home for your new family or for investment purposes, you can and will get a great deal. The rest is up to you. Take these strategies and head down to an auction-that fantastic looking home in your desired area is not unmanageable to attain. These auctions are going on all day and all throughout the country. Take the time and do your research and your dream home shouldn't be too far away.
Foreclosure strategy is crucial if you are looking to save big and score big. Head over to a site like ForeclosureMagic.com for free guides and search results for the closest auctions to your area.
Friday, October 28, 2011
Vintage Cars for Sale - Tips on Bidding Online
1. Ask the owner whether you can observe the car. People who do not already have the car within their ownership will most likely refuse. Even though you do not have any intention to pay a visit, simply requesting to do so could give you a hint.
2. Beware of a car that is offered at a selling price that looks too cheap to get such make and model. Normally, vehicles for sale via online auctions will cost around ten percent lower than by a dealer. However, if the car is offered at half-price of its market value, perhaps it is too good to be true.
3. Inspect the transaction history of the seller to discover whether they include some impressive feedbacks for actually making a sale of real vintage cars, and in particular the listed make and model. Whenever the seller is posting a 1953 Chevrolet Corvette but only has a track record of selling camera & photo gadgets, you may need to look somewhere else.
4. Beware of any owner who will agree with only money wired for payment. This could be some people who will offer a car for sale but do not actually possess it. They normally just submit a photograph that they have found from somewhere. Sometimes they may point out that the cars are situated in another country and insist upon only a wire transfer for payment. Once the purchaser transfers the money, the seller disappears and never to be seen again ever.
5. Be aware the auctions that come with what appears to be commodity images or pictures from a catalog. A person who has a real vehicle to offer should be able to take its photograph.
Palrich is one of car enthusiasts and he has been interested in vintage cars for sale. He is thinking of bidding for one on online car auction sites and he knows that, just like buying other items online, he should be aware.
Wednesday, October 12, 2011
Staying Within Your Auction Budget By Using Maximum Bidding
A great way to do this is through a feature some online auctioneers offer through their online catalogs. It is called maximum bidding. This is another way you can participate in an online auction without having to be at the auction when it is happening.
Maximum bidding is a technology offered through online auctions that allows you to place a maximum bid of what you are willing to pay on a certain item and the online system will bid against other bidders until your maximum bid has been reached.
For example, if there is an antique lamp that you are bidding on and you have put a maximum bid of $250 on this lamp, the auction house has the ability to bid on that lamp on your behalf up to your max bid. The advantage of this is that you might pay less than your highest bid if there are no other bidders or the other bidders stop bidding at a lower increment. Your bid will be the highest bid up until the $250 bid you entered.
As you can see, this allows you stay on budget and not get caught up in the excitement of the auction and end up over-bidding as a lot of people tend to do. You are able to do your research ahead of time on the item and decide what you want to spend on that item when the moment is calm.
So, are there any disadvantages of maximum bidding? One that I was able to come up with was that if you are not present at the auction and you have placed your highest bid, the item could go for just over the bid you placed and you might have missed the item by a minimal amount of money.
If the antique or collectible is something you really wanted and it ended up selling for a couple of dollars over what you would have paid, this could be aggravating or quite disappointing.
This is why when deciding on your max bid, you should be very confident in the price you are willing to pay. Not only will you save time and money, you will save yourself from any frustration!
When attending your next bid online auction, check to see if the auction allows for maximum bidding. It could be a great way to help you stay within your budget.
Bid live online in upcoming live auctions at http://www.icollector.com/about.aspx. William J. Walberg is a freelance writer who writes articles in the auction and technology industries.
Monday, October 10, 2011
The One Secret That Will Save Your Money When Bidding Online at Auctions
It is important as an online bidder to know what you are looking at and being aware of how much each item you are looking at is worth. By researching the value and costs of the antique or collectible you are bidding on, you are able to bid online successfully without breaking the bank.
This could mean that you spend an extra couple of hours looking into market value of the antique you are looking at purchasing. That extra couple of hours could turn into hundreds of dollars of savings kept in your pocket!
There are many different options when looking into starting your research. Ask lots of questions, to auction houses or antique appraisers. You can find online forums which allow millions of people to post a lot of valuable information for you to look at when first learning. You have the option of going to local auction houses in your area and watching a few auctions that have similar antiques to what you are looking to acquire.
Don't be afraid to look at many different online websites or auction catalogs to compare values of goods as well. Consider comparing the prices of collectibles that sell in an auction to those that are selling for a fixed cost on other internet websites. This is a great way to see the different ranges in which other items that are similar sell for.
Also keep in mind that market value is always fluctuating. When doing research over time, it is always beneficial to re-compare values of what you are buying or even on what you already have purchased. Remember that market value isn't just dependant on the collectible itself, but also the supply and demand of other people out there looking for the same or similar items.
So, the next time you want to save some money when attending a bid online auction, don't forget to do your research first!
Bid live online in upcoming live auctions at http://www.icollector.com/about.aspx. William J. Walberg is a freelance writer who writes articles in the auction and technology industries.
Sunday, October 9, 2011
What to Expect When Bidding in Internet Live Auctions
Mark Your Calendar and Login
It might seem obvious, but you'd be surprised at how many people forget about an auction or get confused about the day. Unless you are submitting an absentee bid, you must be online during the live auction.
Auction sites will typically have countdowns showing the amount of time left before the auction begins. Once the auction begins, click the button to enter the auction.
Navigating the Live Auction Screen
A new window should appear featuring the live auction. Depending on the seller, there may be live video or audio of the event. More important, there will be several columns that will tell you what's going on.
One column will show an image and/or description of the item. If you click on the item, a new window will open and take you to that item's entry in the online auction catalog.
Another column will show you the status of the current bid. If someone places an in-person bid, the notice will say "floor" to represent auction floor. If a person places bid online, that bid will be marked with that person's username.
On the screen you will also see status messages and messages sent by the auctioneer that are separate from the current or asking bid. For example, a message will appear when a lot opens for bidding and another will appear when it is closed. Sometimes auctioneers will ask if there are any more bids.
There should also be a column showing the queue of all of the items in the live auction.
The Waiting Game
There can be hundreds of items up for bid during an Internet live auction so you will probably have a bit of a wait before your lot. However, don't stray too far away from your computer. Lots can go quickly, especially if a lot closes without bids or if there are unchallenged absentee bids.
Watching how people go about bidding online may prompt you to re-think your own bid. You may also discover other items that you can't afford to pass up. Logging in early has the extra benefit of making sure that everything works on your computer and allows time to fix any glitches.
The Main Event - Live Bidding Online
Remember, you must be registered, approved, and logged in before you can bid. The approval process varies by auction house, so make sure you don't wait until the last minute.
From the live auction screen you will see a bid button featuring the current asking price. If that amount is acceptable, click the button and wait to see if anyone outbids you. The process will continue until no one else bids.
Finally, if you win your item, the auction house will contact you to go over payment and shipping/pick up arrangements.
Bid live online in upcoming live auctions at http://www.icollector.com/about.aspx. William J. Walberg is a freelance writer who writes articles in the auction and technology industries.
Why Bidding Online Is a Huge Time Saver
When attending an auction, there are many hours spent waiting for your item to come up for bid or standing in line either signing up for the auction or paying for your newly won item. There is also travel time to consider. Do you have to travel out of town to go bid on what you want or sit in traffic for an hour or two?
How can you get around this time wasting and minimize the amount of time you spend trying to purchase your collectible?
One of the best ways to do this is through bid online auctions. In a bid online auction you are able to preview, bid and pay for your item from the comfort of your computer, whether that be at home or the office or even in the car.
More and more auction houses today are aware of how important it is to have an online presence and appreciate that their bidders have busy schedules. They do this by offering their catalogs online so that bidders can participate in their auctions just as if they were at the auction in person. This eliminates so much wasted time waiting around.
By adding pictures and complete descriptions to each item they have up for auction, you are able to preview each item without having to stand in line. You are able to bid on the items you are interested as if you were there live in person, bidding against other people interested in the same item. No more standing in line waiting to pay for your item either. Quite often auction houses will provide you safe and secure ways for you to pay for your item online or over the phone, which eliminates the worry with identity theft.
So, the next time you are out searching for the next great antique or memorabilia item, consider bidding for it in a bid online auction. It could save you hours and hours of time.
Bid live online in upcoming live auctions at http://www.icollector.com/about.aspx. William J. Walberg is a freelance writer who writes articles in the auction and technology industries.





