Tips for First Time Auction Goers

Heading to your first auction? You’re in for a treat! You’ll be enjoying one of America’s most popular pastimes while finding some great deals on unique items you can’t get anywhere else. If you’re new to auctions, however, there are a few things to keep in mind to make your experience as smooth and enjoyable as possible.Tips for First Time Auction Goers

The early bird gets the…

Well, not the worm, but the chance to find a parking space easily, not to mention the opportunity to do your research on the items you might bid on. Most auctions have 90 minutes of preview time before the event gets started. This gives you time to inspect and measure any item that catches your fancy.

Learn the lingo

Buyer’s premium, reserved vs. unreserved, choice out … these are all terms you’ll encounter at an auction. If you don’t know what they mean, make sure to familiarize yourself with them before the action starts.

Chose wisely

Items at an auction are sold as is. If you’re in doubt, bring a friend along who might know better than you do whether an item is in good condition. And remember, unlike at your neighborhood big-box chain store, there are no returns at an auction. You’ll be expected to pay for the items you’ve purchased in a timely manner, even if you want to change your mind.

If you’re interested in attending your first auction, check out Smith & Co. We hold as many as 80 live auctions each year and we post our upcoming auctions so you never miss an opportunity. Give us a call today at 580-254-3975 to find out more!