Winning Strategies: 5 Things You Should Do Before An Auction

Winning Strategies: 5 Things You Should Do Before An Auction



Preparing for an auction is the key to ensuring a smooth and successful bidding experience. Whether you're a seasoned bidder or a first-timer, planning ahead and familiarizing yourself with the auction process can greatly enhance your chances of securing the items you are looking for. In this blog post, we'll outline five essential steps you should take before an auction to maximize your opportunities and make the most of your bidding experience.

1. Make an Account and Get Familiar with Our Bidding Platform

Creating an account on our auction platform is the first step towards participating in our auctions. Take the time to register and familiarize yourself with our user-friendly bidding platform. This will help you navigate the bidding process with confidence and efficiency.

How to Bid: 

1. Click on the auction in which you want to bid

2. Click “view catalog and bid”

3. Find the item you want to bid on and click “register to bid” 

4. Fill out personal info to complete the registration process

5. After registering, you will be able to bid on items from any auction

For convenient and on-the-go bidding, consider downloading our auction app. With our app, you can access the auction catalog, place bids, and track your auction activity from the palm of your hand. Stay connected to the auction wherever you are, ensuring you never miss an opportunity to bid on your favorite items! Search ‘Hansen Auction Group’ in your Google Play or App Store to download. Download Our App

2. Research and Set a Budget

Before you bid, research the items available. Explore the auction catalog and utilize any additional resources provided, such as item descriptions or photographs. This research will help you understand the value and significance of the items, enabling you to make informed decisions during the bidding process.

Once you have an idea of the items you're interested in, set a budget. Determine the maximum amount you're willing to spend on each item, taking into account the bid price, buyer's premiums, taxes, and any additional fees. Setting a budget in advance will help you prioritize your bids and prevent overspending during the excitement of the auction.

3. Have a Bidding Strategy

Developing a bidding strategy is crucial for a successful auction experience. Determine which items are your top priorities and decide on your bidding approach. Consider setting a maximum bid for each item to ensure you don't miss out due to unexpected distractions or time constraints.

4. Attend Open Houses and Inspections

Whenever possible, take advantage of open house and inspection opportunities. We do our best to portray the condition of an item with photos and descriptions, but this gives you the chance to view the items in person and assess their condition. Seeing the items firsthand will ensure that you're bidding on items that meet your expectations. 

5. Know the Important Auction Dates

Pay close attention to the auction dates, including the auction end time and the pickup dates and times. Make sure you have arrangements in place for payment and item collection to ensure a smooth post-auction process. All of these important dates are listed in each auction description on our website.

Following these five important steps before an auction will make you well-prepared and confident in your bidding journey. Making an account, familiarizing yourself with our bidding platform, attending open houses and inspections, setting a budget, and having a bidding strategy in place will position you for success. Remember, preparation is key, and it will help you make informed decisions, secure your items and enjoy a rewarding auction experience. Good luck and go place your bids!