{"id":142,"date":"2021-12-01T13:00:58","date_gmt":"2021-12-01T12:00:58","guid":{"rendered":"https:\/\/www.homesandantiques.com\/?p=7208"},"modified":"2021-12-01T17:58:08","modified_gmt":"2021-12-01T16:58:08","slug":"a-beginners-guide-to-buying-at-auction","status":"publish","type":"rss_feed","link":"https:\/\/c01.purpledshub.com\/homesantiques\/rss_feed\/a-beginners-guide-to-buying-at-auction\/","title":{"rendered":"A beginners guide to buying at auction"},"content":{"rendered":"

<\/p>

By Joe Feehily\n \t\t<\/p>

Published: Wednesday, 01 December 2021 at 12:00 am<\/p>

\n\n

How to place a bid at auction<\/h2>\n

There is more than one way to place a bid at auction, including bidding by phone, placing a bid online, or actually being in the auction room in person. Here are the main ways to place a bid and how to do it.<\/strong><\/p>\n

Placing a bid in the auction room<\/h3>\n

You will need to register as a bidder ahead of the event, up to the morning of the sale, by providing photo ID (such as a driving licence or passport). Before the sale, you\u2019ll be given a paddle or a numbered card to hold up when you want to bid on something (so you needn\u2019t worry about scratching your ear at an inopportune moment!)<\/p>\n

By leaving a \u2018commission\u2019 or \u2018absentee\u2019 bid<\/h3>\n

If you can\u2019t attend a sale, you can register for the auction and leave a maximum bid \u2013 a cut-off point \u2013 for the lot you\u2019re interested in.<\/p>\n

Placing a bid by phone<\/h3>\n

If you register as a phone bidder (phone lines are allotted on a first come, first served basis, so sign up early), a member of the auction house staff will call you a few lots before the lot you want. When your piece is up, they will pass your bids on to the auctioneer on the day.<\/p>\n

Placing a bid online<\/h3>\n

While the top auction houses have their own digital services, regional auction houses use the-saleroom.com to host their sales online. You can register beforehand, and leave a maximum bid, or bid live. One great feature for collectors is that you can set up alerts for key pieces, so you never miss an opportunity to bid.<\/p>\n

Top tips for first-time auction buyers<\/h2>\n

Once you know the different ways to bid at auction, it\u2019s time to start placing bids on the items that have caught your eye. Here are a few tips to help you get started on the right tracks.<\/strong><\/p>\n

1. Decide on a budget<\/h3>\n
Decide what your maximum spend is, add in a little contingency money, and stick to it. It can be easy to get carried away\u00a0in the salesroom.<\/div>\n\n

2. Bruch up on auction rules<\/h3>\n
Do remember that when the hammer comes down, this represents a legally binding agreement, so you have to buy the item.<\/div>\n\n

3. Preview the sale items<\/h3>\n
Take the opportunity to visit the previews if you can. It is expected that you should handle the lots, and the auction house staff will be on hand to answer any queries you may have.<\/div>\n\n

4. Making a bid<\/h3>\n
Ready for your first bid? Raise your paddle and make eye contact to build a relationship with the auctioneer. Afterwards, you will be able to use less obvious nods, or more subtle bids with the paddle. Be confident and enjoy it!<\/div>\n\n

5. Consider the additional fees<\/h3>\n
Don\u2019t forget to factor in the buyer\u2019s premium \u2013 an additional fee that will be a set percentage of the hammer price, and which is often subject to VAT.<\/div><\/body><\/html>\n
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By Joe Feehily Published: Wednesday, 01 December 2021 at 12:00 am How to place a bid at auction There is more than one way to place a bid at auction, including bidding by phone, placing a bid online, or actually being in the auction room in person. Here are the main ways to place a […]<\/p>\n","protected":false},"author":24,"featured_media":143,"template":"","categories":[1],"acf":{"readingTimeMinutes":"3"},"uagb_featured_image_src":{"full":["https:\/\/c01.purpledshub.com\/uploads\/sites\/49\/2021\/12\/a-beginners-guide-to-buying-at-auction.jpg",960,639,false],"thumbnail":["https:\/\/c01.purpledshub.com\/uploads\/sites\/49\/2021\/12\/a-beginners-guide-to-buying-at-auction-150x150.jpg",150,150,true],"medium":["https:\/\/c01.purpledshub.com\/uploads\/sites\/49\/2021\/12\/a-beginners-guide-to-buying-at-auction-300x200.jpg",300,200,true],"medium_large":["https:\/\/c01.purpledshub.com\/uploads\/sites\/49\/2021\/12\/a-beginners-guide-to-buying-at-auction-768x511.jpg",768,511,true],"large":["https:\/\/c01.purpledshub.com\/uploads\/sites\/49\/2021\/12\/a-beginners-guide-to-buying-at-auction.jpg",800,533,false],"1536x1536":["https:\/\/c01.purpledshub.com\/uploads\/sites\/49\/2021\/12\/a-beginners-guide-to-buying-at-auction.jpg",960,639,false],"2048x2048":["https:\/\/c01.purpledshub.com\/uploads\/sites\/49\/2021\/12\/a-beginners-guide-to-buying-at-auction.jpg",960,639,false]},"uagb_author_info":{"display_name":"importmanagerhub@sprylab.com","author_link":"https:\/\/c01.purpledshub.com\/homesantiques\/author\/importmanagerhubsprylab-com\/"},"uagb_comment_info":0,"uagb_excerpt":"By Joe Feehily Published: Wednesday, 01 December 2021 at 12:00 am How to place a bid at auction There is more than one way to place a bid at auction, including bidding by phone, placing a bid online, or actually being in the auction room in person. Here are the main ways to place a…","_links":{"self":[{"href":"https:\/\/c01.purpledshub.com\/homesantiques\/wp-json\/wp\/v2\/rss_feed\/142"}],"collection":[{"href":"https:\/\/c01.purpledshub.com\/homesantiques\/wp-json\/wp\/v2\/rss_feed"}],"about":[{"href":"https:\/\/c01.purpledshub.com\/homesantiques\/wp-json\/wp\/v2\/types\/rss_feed"}],"author":[{"embeddable":true,"href":"https:\/\/c01.purpledshub.com\/homesantiques\/wp-json\/wp\/v2\/users\/24"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/c01.purpledshub.com\/homesantiques\/wp-json\/wp\/v2\/media\/143"}],"wp:attachment":[{"href":"https:\/\/c01.purpledshub.com\/homesantiques\/wp-json\/wp\/v2\/media?parent=142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/c01.purpledshub.com\/homesantiques\/wp-json\/wp\/v2\/categories?post=142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}