December , 2016

A no reserve auction is what your goal

Posted by Daily Jewelry On September - 24 - 2012

A no reserve auction is what your goal is, but some sites do not have this type of auction. That is why you want to look at different auction sites to be sure that you find the ones that you stand a better chance at getting a discounted piece of jewelry on. Bidding on no reserve auctions can be fun, but they can also be very fast paced and competitive, so keep that in mind when you are trying to find auctions to bid on. Take your time, but keep in mind that the bids will go fast at the end, so you need to be prepared to bid up to your maximum amount. By at least watching the auction the last few minutes, you will be able to make sure that your bid is the highest and that you do not get outbid by just a few dollars.

A reserve price is usually put in place to protect the owner’s investment in a particular piece. You may be able to find a good bargain at a reserve auction, but one must really look long and hard for such a deal, as you will have to bid through the auction period to be sure that you come out on top of the auction. No one wants to sell for less than they have in an item and this is the purpose of having a reserve. Unfortunately, though, this is not so good for you, as a buyer, because the bid has to reach a certain point before you can buy. The key is to find those auctions with a low or no reserve to make the most of your jewelry purchase and spend as little money as possible.

No reserve auction bidding is your goal when you want to get the best prices possible. When you start to check out the different auction sites, you want to look at the auctions that they have going on and see if they offer no reserve auctions. This may take some effort, but it can be well worth your while when you are able to get a great deal on a piece of fine jewelry. With diamonds, emeralds, rubies, gold, silver, titanium, and other choices available, you are sure to find pieces of jewelry or loose stones that you are looking for in a no reserve auction. Patience will be a tool that you will want to have to find those no reserve auctions and to bid on them with great success.

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1 Response

  1. Serena Says:

    Awesome post!! Thanks for the ideas. I am bookmarking your post for my future reference.

    Posted on December 31st, 2012 at 2:54 am

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