What are some things to consider when you attend an auction?

When you are attending an auction, you need to be aware of what’s going on—especially when you go to pay for the items you bid on.  There are some things to consider, and it could potentially add quite a bit to your bill.

The first thing to consider is that there could be sales tax added to the bill.  The amount of tax really depends on the state that the item was bought in.

Another thing to consider is that the auction house might have added fees when you buy there.  I’ve seen these fees range from 10% all the way up to 30% of the final auction price.

I have seen auction houses have an auction in a certain location and allow bidders overseas to bid on an item.  If you buy an item that’s overseas (especially in Europe and India), there could be restrictions and laws that prohibit you from shipping the item to the United States.

If it’s possible to ship an item from overseas, not only will you have to pay to ship the item, you could also need a special license to ship it here.  One country that I know of that states you have this license is Spain (and it could take a couple of months to get your item).

Another thing to consider are Paypal or credit card transaction fees, which can quickly be racked up on how much you buy.

So, when buying at an auction, it always pays to do a little homework on what is going on.  If you still have questions about something, it also pays to ask questions.

What kind of taxes and fees have you run across when you went to buy an item?

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The auction that you attended is over. Now what?

The auction that you attended is now over, and you have everything that you bid on and won during the auction packed up.  What exactly do you do now?

The first thing that needs to be done is to pay for what you bought.  More often than not, you will pay for everything at the same place that you got your bidder’s number.  The person that assigns you your bidder’s number gets a sheet from the auctioneer that states what was sold and for how much it went for.

This sheet will be separated out by the bidder’s number written down on it so they can have all the buyers pay for the right items.

After you pay, you now get to take everything home and make any repairs if there are any to be made.  Once that’s done, you now get to take the items to your booth, list them online for sale, or even add them to your collection.

You can see what to do when you first arrive at an auction here.  What kinds of great finds have you run across at an auction?

What do you do when you attend an auction?

So you have decided to go and see what goes on at an auction.  You scouted out the perfect one, and have even showed up about 30 minutes before it started.  Now what do you do?

The first thing that you need to do is to register to get a bidders number.  More often than not, the auction company will have a special area set up for just this purpose.  All that you need to is to show the auction company a valid ID and supply a phone number, and you have a biding number.  What this is for is to let the auction company know who you are and even able to contact you if something arises (like if something that you bought gets left behind).

Whenever I have attended an auction, this will only take a few minutes at most, and it doesn’t cost me anything to do so.

The next thing that you will want to do is to look at the merchandise that’s in the sale.  Getting to the auction a few minutes before it starts will help you look over the items to see what’s there and to see what kind of condition that it’s in.

Make sure that you listen to what the auctioneers say at the very beginning of the auction when they make their announcements.  This will let you know what will happen during the course of the auction and what will be sold first.

So have some fun when you go to auctions and see what’s out there!