Tag-Archive for ◊ Auction Bid ◊

ONLINE AUCTION
Wednesday, January 20th, 2010 | Author:

ONLINE AUCTION

By Ferry Suwantoro

Online Auction is one of the most popular Auction in the world. It only involves the person, computer , Auction house’s website and internet connection. It is more flexible and easy for the bidder to search for the item, since they are no longer needed to attend the physical auction in the area. The good thing is people will be easy to search , consider and compare the item they are looking for nationwide from different auction house. They can check for the description that the seller placed into the website.



One thing they need to remember is the time limit for bidding. The best thing is to bid at the last minute and make sure to be ready with the highest price that you are willing to pay. The process is the same as physical auction. The different is you have to submit your maximum bid online. If the bidding has ended and you are the person who submit the highest bid, you will be the winner. The seller will send you notification to make payment online. Once the payment has been cleared, the seller will ship your item to your address.

If the other bidder outbid you, the seller will send you notification instantly that you have been outbidded, and offer you to outbid more. it will be up to you if you want to submit another higher bid to outbid another bidder.

There are so many Auction Houses that offer online auction via internet. They also include many items like they do in physical Auction Houses. Sometimes also the physical auction houses place their item to be auctioned online to get more distantly customer. And the chance to sell the item online will be more and more, since they can get more prospect nationwide, not limited to their area.

List of different Auction Houses has been summarized here, So the reader will be easy to find and choose which one they like and start bidding on the item they are looking for.

Happy Bidding.

Category: Online Auctions  | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,  | 5 Comments
Guideline to Auctions for Bidder
Tuesday, December 15th, 2009 | Author:

Guideline to Auctions for Bidder

By Ferry Suwantoro

This is a compilation of helpful tricks that could improve your bidding power.



How not to overbid.

Overbidding is a common problem among people participating at auctions. In sealed and silent bidding, it is easy to overbid since nobody else knows exactly how high or low the bids are. To ensure that someone wins the bids, he should give it his highest estimated value. On the other hand, the behavior of the crowd and the excitement encouraged by the auctioneer over the properties or items are enough to make people bid excessively. The easiest way to counter this is to do your research.

How to establish your price limit.

Realistic price limits could be made through critically listening to people’s advice, from searching the same items online and through researching some information regarding the property or the item being auctioned. With enough information, you could come up with an estimated value of the merchandise. You don’t have to be an auction guru to know how much an item is worth though.

It all boils down to research. Knowing something about the item could help you decide on how much you should be willing to bid on it. Doing your homework, getting hold of the actual auction catalogue or inspecting the items during their viewing period could help a lot not only on deciding which item to get but also the price limit you give to each item.

Maximize your time

Some auctions will give you sufficient time to inspect the item, some provide the catalogues. Whichever method is being used in the auction you are interested in, you should try to maximize your time by coming in the auction site early. By doing so you might get a chance to talk to the auction organizers and inquire about the items. This also gives you the advantage of getting a comfortable seat.

Attend some auctions beforehand

People who are serious about auctions try to find as much information about them as they can. One good way is to witness live auctions personally. There is so much going on, the hype, the excitement and the wars that normally happen. All these could give you reliable information once you decide to participate yourself. Initially, you should not place any bid- no matter how small the amount. Your intention is to get the feel of the auction process, nothing else.

Observe the crowd.

Bidders have different personalities- each of which work for their buying styles. Work out the differences and similarities among bidders and develop a style of your own. Take note of the style of the more successful ones.

Category: Basic Auctions  | Tags: , ,  | 3 Comments
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