Know your Auctioneer Whether buying or selling, ensure your auctioneer is a member of a recognized professional organization such as SAIA, where a Code of Ethics governs its members. Start by Observing Choose an auction dealing in items of interest to you, and attend an auction just to watch. Know the Difference All auctions are different. A vehicle auction proceeds differently to a fine art auction. Observe first, bid later. Attend the Preview Most auction houses have a viewing date before an auction. Inspect the items which interest you. Know the rules Policies of each auction house are included in catalogues. This gives you general information on the auction, will there be “buyers premiums” added to the final price, etc. Ask questions at the preview, our staff are always willing to help! Set a limit Determine a price beforehand and stick to it. It is easy to get caught up in the bidding excitement. Listen to the Auctioneer Prior to the start of bidding on an item, the auctioneer will give information on the item – the lot number and description. Listen for any changes to the catalogue. Dropping out If you do not wish to carry on bidding on an item, and the auctioneer looks at you for a bid, signal “No” Finalise your purchase If you have successfully bid on an item, before you leave, you must complete payment and arrange for collections. |