Attending general sales is a good way to learn about the procedures for an auction. They tend to sell all types of collectible items, some of which may not be classed as genuine antiques. For anyone with a good eye for quality, it is possible to find some real gems in amongst the collectibles. If you are looking for investments for your money, specialist auctions are where the genuine antiques and rare items are often snapped up by collectors and dealers.
Auction houses prepare and distribute sales catalogues and use their online website to advertise the contents of their next auction. Both will carry photographs of the quality items with a short description and the lot number. Lot numbers are an indicator for the potential buyers of when the item is to be put up for bidding on the day of the sale.
One way for individuals to bid on items is to attend the auction themselves. Anyone intending to bid has to register and be allocated a number which they have to present to the auctioneer before a successful bid can be accepted. During the registration process, it will be necessary to indicate method of payment to be used if a bid is accepted.
Potential buyers who are unable to attend the auction or wary of bidding, can appoint someone to bid on their behalf. Alternatively, they can speak to the auctioneer beforehand and leave instruction allowing the auctioneer to act on their behalf. You can usually expect to pay an additional charge for this service.
All auction houses charge a fee from the buyers and sellers. The fee can vary from one auction house to another, so it is always important to check the charges beforehand. As buyers need to pay for any items purchased at the end of the auction it is important to have sufficient funds, or a debit or credit card with an appropriate credit limit.
You are usually expected to take your purchases away at the end of the sale. However, many auction houses will arrange for delivery of your items for an additional charge, or point you in the direction of a reliable transport provider. When deciding on your budget, remember to take into account any potential delivery charges.
If you attend Houston antique auctions with the intention of purchasing valuable items, you will have to think about insurance for the longer term. In the short term, ensure when using a transport service that they have sufficient insurance cover in case of damage during transit. Enjoy your antique or collectibles.
Source: http://homeandfamily4.blogspot.com/2013/07/what-you-should-know-about-buying-at.html
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