Tempe auction - What to know about the process

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Local Tempe auctions typically enlist the services of a professional auction house to sell items. Conducted in a standardized fashion, third-party auction services will describe the process for every auction in great detail. They’ll also provide specific descriptions of every item as well as schedule inspection periods prior to bidding. Visit us at http://www.auctionANDappraise.com or call 800-801-8880 for more information about Tempe Auctions.

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Tempe auction - What to know about the process

  1. 1. Tempe AuctionWhat to Know about the Process
  2. 2. Tempe Auction•Local Tempe auctions enlist services of professionalauction houses•Third party auction houses describe process in greatdetail and provide specific descriptions of every item andgive schedule of inspection periods•Auctions are advertised in advanced•Best way to find local auction is online
  3. 3. Tempe Auction•Visit websites of major auction services for informationand schedules of upcoming events•Website indicates how auction will be conducted. Itindicates whether it is live, online-only or combination ofboth
  4. 4. Tempe AuctionHow the Auction Process Works•You don’t have to bid the first time, you can attend anauction to learn and get your feet wet•An auction house website will contain lots ofeducational information•It’s not unrealistic to get discounts of 90% off themarket value
  5. 5. Tempe AuctionHow the Auction Process Works•Make sure to do some due diligence on particular itemsyou want•First order of business is to know market value of item.Knowing market value won’t risk you over paying•Do not get emotional about winning a bid. Be willing towalk away from an item if price goes beyond marketvalue
  6. 6. Tempe AuctionHow the Auction Process Works•Some other tips when attending a Tempe Auction: –Have firm commitment as to the top dollar you are willing to pay for. Purchase items are non-refundable –You get no warranties or guarantees with winning bid
  7. 7. Tempe AuctionHow the Auction Process Works•Some other tips when attending a Tempe Auction: –Auction procedure starts with a “ringman” calling out the item number, then the auctioneer begins selling the item. The item cost will increase incrementally until no more bids are heard and the highest bidder wins. The auctioneer will say “sold” and will state the highest bid number and final selling price. The clerk records your winning bid, the item number and your buyer number
  8. 8. Tempe AuctionHow the Auction Process Works•Some other tips when attending a Tempe Auction: –Auctioneers will not wait for slow bidders –If a bid card is provided, be certain to hold card high when bidding. Also make your voice be heard. Shy bidders seldom win bids. Once item is sold, the bidding is over and the item is gone
  9. 9. Tempe AuctionAbout the AuthorDeb Weidenhamer is President of Auctions SystemsAuctioneers & Appraisers, Inc., based in Phoenix,Arizona. They specialize in auctions and professionalappraisals.Visit us at http://www.auctionANDappraise.com or call800-801-8880 for more information aboutTempe Auctions.
  10. 10. Tempe AuctionAbout the AuthorDeb Weidenhamer is President of Auctions SystemsAuctioneers & Appraisers, Inc., based in Phoenix,Arizona. They specialize in auctions and professionalappraisals.Visit us at http://www.auctionANDappraise.com or call800-801-8880 for more information aboutTempe Auctions.

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