Tips To Help You With Your First Estate Auction

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If you are interested in buying some vintage items, then now is the time to think about attending an estate auction house, which is where the house will run the estate sale like a traditional auction. If this is your first time attending one, then keep reading to learn about some tips to help you prepare.

Do Not Skip the Preview Day

While some auction houses will require you to attend the event "blind," many of the facilities will hold a dedicated preview day before the auction is held. The preview allows you to look at all items up for bid, and, oftentimes, you can inspect them beforehand. You may be able to ask questions as well to ensure that items are in working condition. If there is not a representative for the estate available, then the belongings may be sold "as is." You should not shy away from these items, though, since they are often cheaper than ones you are able to inspect.

Keep an eye on box lots at the preview day and mark down the lots that you may be interested in. Keep in mind that one or two items may stand out in the box, but you must bid on the entire contents at once. While this may seem like a waste of money, others may overlook the contents of a box, and you can find some worthwhile vintage items within them.

Bring Cash and Stick To a Budget

Before you start involving yourself in the auction feeding frenzy, choose a budget for yourself. And, if possible, set your highest bid amount for items that you saw during the preview day. You want to register for the auction early as well, and sign up before the auction starts so you can get your bidder's number. The process is an easy one that requires your name and contact information, but the registration line can be long, which can lead to you missing the start of the auction event.

You also want to bring enough cash with you to pay for the items that you win at the auction. This can save you money on auction fees; these fees are called house fees that are paid to the auction house and are tacked onto the cost of the item. However, since it costs the house more money to process credit card payments, you will pay more in fees when you pay by this route. Fees with cash payments are often lower. 

To learn more about estate auctions, contact an estate auction house today.

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4 August 2020

Never Underestimate the Value of Old Items

When I was growing up, I remember my mother always scolding my dad for his shopping habits. I had no idea how much he had collected over the years until he recently passed away and I went into the attic of their home to clean it out. It was filled with so much stuff I just didn't know what to do with. I almost threw a lot of it out until my brother arrived and told me some things may be valuable. We ended up taking some antique furniture, a coin collection, and a few other items to be appraised and were very glad we didn't throw them out -- they were very valuable! I thought I would start a blog to share my experience and what I learned during the process of having many items appraised. I plan to post many tips, so come back soon!