How To Bag Brand New Bargains at Auction

Friday 3rd May 2019 - Della Bentham

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How To Bag Brand New Bargains at Auction

Auctions, they're not just for antiques & collectables. We take a look at how to bag some brand new bargains.

 

When it comes to auctions we typically think of antiques or property in the first instance, of course, general sales are also extremely popular. But auctions are a versatile platform for buying and selling. 

Many people are now turning to online auctions to kit out their first homes. From first time buyers to tenants, the benefits of brand new goods at bargain prices can appeal to all!

The move to online bidding means that auctions are open to a greater number of buyers across the country. Bidders can look for bargains, without having to travel to a saleroom and risk not winning anything. Bids can be placed from the comfort of buyer’s homes, gardens, workplaces or even on holiday with a compatible internet connected device.

Sales of bankrupt stock of end of line items held at auction can be the perfect place to bag a bargain from furniture to white goods, garden equipment and even gadgets! It’s not just people looking to furnish a home that benefits from searching through online auctions. Retailers can also bag themselves some bargain stock, as auctions are used for dispersal sales when other businesses close down.

Auctions are appealing to a broader range of customers, now that they are more accessible, this growth is expected to continue its upward trend over the coming years.

People are always looking for ways to cut their expenses with the cost of living ever rising. Auctions provide people with a cheaper method of purchasing the big brand names they know and love. There’s no compromise on quality, just the chance to bag a fantastic bargain or two.

Retailers are realising the power of auctions, with a large number of high street brands now offloading old stock lines at auction. This is great for consumers who can now kit out their homes with high-end brands at a fraction of the original cost. 

While bidding at auction can bag you a bargain, it’s important to go prepared. If you’re looking for some branded goods at a discount you should prepare the following in advance.

 

  • Set a strict budget – Whether this is for 1 thing or many. DO NOT exceed this.
  • Check out the auctioneer’s buyer’s fee’s in advance and factor them into your budget.
  • Check how much delivery of goods will be in advance, or arrange your own quotes with freight companies. Again, this needs to be factored into your budgeting.
  • Contact the auctioneer if you’re buying online to check their policy on delivery and collection of your items. Some may only be open on certain days and times for collection.
  • Set auction alerts so you don’t miss out on that all-important lot. That way you’ll be emailed if anything matching your search words comes up.
  • Set a reminder so you don’t forget when the sale is starting and ensure you have a good internet connection!

 

Once you are all prepared and ready to start bidding, there’s only one thing left for us to say…. Good Luck!