Live auctions will often display the time the auction will begin and end, and give you photographs and detailed descriptions on the available pieces. The auctions typically begin at a certain price determined by the auction house, and some pieces may have a reserve price (the minimum price at which a client will need to bid in order to buy that item). Bid increases will usually be set at a certain fixed interval which will depend on the value of the item. For instance, bids up to $200 may increase at $5 intervals and then when it goes above $500 the intervals may increase to $25.
It can be easy to get all caught up in the excitement part of the auction, but you want to be sure that you keep your wits about you. It can be easy to spend more money than planned when you feel that competition over a piece of jewelry. That is why you want to be sure that you set a budget and stick with it to keep yourself from overspending. In addition, you want to be sure that you know what the value is of the auctions you are considering to make sure that you do not spend over the value of the item.
Getting a lower price will mean that you know what you are bidding on, as well as its true value. This may mean that you need to learn more about stones and metals that jewelry is available in, but it can be well worth your time, as it can help you to spend your money wisely. This is essential in auctions, as you want to be sure that you do not spend any above what the true value will be. If you want to be sure that you spend in a smart way, do your research and learn more about jewelry and the materials that make up jewelry pieces. This will give you some idea of the value of the pieces that you want to bid on.
Look at other auction sites until you are comfortable with bidding. You want to choose the site that it is easiest to use and the one that makes you feel the most comfortable bidding. When you are able to take your time finding the right site, it can go a long way to giving you the courage to start bidding to get jewelry for yourself or to resell to others. With all of the research that you have done regarding jewelry, you are sure to find some deals that you will not be able to pass up on.
Be sure to read the policies of the particular auction site to learn how its live auctions are conducted. This is the best way to get a feel for the auction process. Read through all of the directions, as well as the FAQs, to be sure that you are able to understand the entire auction process. This will make you more comfortable and allow you to bid in complete confidence when you understand their policies and how to bid completely. Policies will vary from site to site, so any site that you are considering needs to be researched to be sure that you will find the site that works best for you.
In addition, you want to be sure that you understand the return policy. By reading through the descriptions, you will stand a better chance of not having to return anything, but you always want to have that option if it is necessary. Ensure that there is contact information on the site, including a telephone number, to give you another option to ask questions about any issues that you may have with the product you get or the process of bidding and buying. You don’t plan on returning anything, but it is good to have that option if you get a piece that is damaged or not what it claimed to be.