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Buying at a Antique/General Auction
Caveat emptor - Let the buyer
beware
Many salerooms now hold their auction
weekly, bi-weekly, twice a week or even monthly. Always try an
attend a viewing prior to the auction , this is usually 1one or two days
before the sale, to view the lot/s you are interested in buying. Some
auctions/salerooms will give you a bidding number or a paddle with a
number on, for you to bid at the auction. Always handle the lot/s so you
can check for any damage as well as see the overall condition of the
sale lot.
See if there is a auction guide price to
the lot ..if not as the auctioneer for a rough estimate on the lot.
Always check in the auction catalogue for the rates of commission before
you start bidding, they will range from a few % right up to 25%..this is
added on to the final auction price as well as vat added to the
commission price..
Please remember that once the gavel has
bid hit down and sold this is a legal contract between you and the
auction/saleroom, so be sure not to be carried away with your bidding,
set your self a top limit price.
twice a week or even monthly.
Always try an attend a viewing prior to the auction , this is usually
1one or two days before the sale, to view the lot/s you are interested
in buying. Some auctions/salerooms will give you a bidding number or a
paddle with a number on, for you to bid at the auction. Always handle
the lot/s so you can check for any damage as well as see the overall
condition of the sale lot.
See if there is a auction guide price to
the lot ..if not as the auctioneer for a rough estimate on the lot.
Always check in the auction catalogue for the rates of commission before
you start bidding, they will range from a few % right up to 25%..this is
added on to the final auction price as well as vat added to the
commission price..
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