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How To Invest Like An Insider At An Auction

By Jason Markum

I like to invest in the stock market, but I don’t like to lose money and it seems like I’m always losing money when I invest in the stock market! So I decided to start looking for other places to invest in besides the stock market.

I quickly found that you can find all kinds of collectible items for sale at auctions that increase in value over time and are also fun to purchase. The problem is, unless you know what you’re doing, you can lose out to professionals when it comes time to bid for the items at auction. That’s why I decided to write this article today to help you learn the inside tricks to buying collectible items at auction.

First always obtained an auction catalog. This seems self-evident but many newbies fail to do this. Read every description for the things that are for sale that you’re interested in. Notice their estimated selling prices as well. You are also going to want to pay attention to the conditions of sale that are usually printed on the front of the catalog, or sometimes on the back.

Next be sure to research the different terminology that is going to be used at the auction. More often than not you will see a glossary in the auction catalog. It’s a good idea to familiarize yourself with it before hand.

Next you should always attend the pre-auction exhibition so that you can look through the items that you are interested in. Make sure you answer all the questions that you had after looking at the auction catalog before the the pre-auction exhibition ends.

If you can’t determine estimates for items that you’re interested in, ask about them. Determine before hand how much you’re willing to spend and set limits that you strictly adhere to no matter what.

Next, get to the auction early and be sure to find yourself a place that is close enough that you can see and hear the auctioneer easily. Most of the time your dealers will sit at the back of the audience so they can see the overall proceedings and get a clearer view of what’s going on. You on the other hand want to be front and center.

Take a look at your competitors. Professionals are usually discrete in their bidding and will often use prearranged signals when they want to alert the auctioneer of their bid.

Hopefully these few tips will help you get the inside track that you need. Because let’s face it, if you can shave just a few dollars off of each purchase, it can really mean the difference between profit and no profit on your investment over the long haul.

Investing in collectibles at auction is not for everybody. The people that will enjoy this type of investing the most are the type of people that enjoy the items that you will be bidding on. If you’re interested in a certain period of dinnerware, or if you enjoy certain types of furniture then this sort of investing may be spot on right for you.

But if you are not the kind of person that enjoys collectible items, then I recommend you stay away from the auction houses because somebody who enjoys themselves will always be able to outbid you and outmaneuver you. And plus, you just won’t have fun!

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