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<p>[QUOTE="ikandiggit, post: 1412947, member: 16269"]Detecto.....</p><p><br /></p><p>When you go to an auction the first thing you do is go to the preview and examine the lots. This gives you the opportunity to look at the items closely.</p><p><br /></p><p>Then you go home and do your research and determine what you are willing to bid on them. </p><p><br /></p><p>At the auction, you bid to your maximum bid and that's it. If you get into a bidding war, that's money being burned.</p><p><br /></p><p>That's all there is to it.</p><p><br /></p><p>I've been to auctions where I didn't buy a single item that I had hoped to. At other times, I've bought almost the entire auction. (It was a book auction and no one seemed to know what the items were worth. - I made a killing in the end, lots of first editions).</p><p><br /></p><p>If I go to a "cash only" auction, I take $1,500 - $5,000 (depending on the auction) even though the items I want may only be a small fraction of that. You have to be ready for unexpected opportunities. (I bought a 18th century armoire for $1,200 and sold it three hours later for $2,500. It was carried over from the previous auction and not advertised for the one I attended). </p><p><br /></p><p>Go to auctions with a clear head. Drink de-caf. If you go with a chip on your shoulder, you're going to be disappointed. You can't win 'em all.[/QUOTE]</p><p><br /></p>
[QUOTE="ikandiggit, post: 1412947, member: 16269"]Detecto..... When you go to an auction the first thing you do is go to the preview and examine the lots. This gives you the opportunity to look at the items closely. Then you go home and do your research and determine what you are willing to bid on them. At the auction, you bid to your maximum bid and that's it. If you get into a bidding war, that's money being burned. That's all there is to it. I've been to auctions where I didn't buy a single item that I had hoped to. At other times, I've bought almost the entire auction. (It was a book auction and no one seemed to know what the items were worth. - I made a killing in the end, lots of first editions). If I go to a "cash only" auction, I take $1,500 - $5,000 (depending on the auction) even though the items I want may only be a small fraction of that. You have to be ready for unexpected opportunities. (I bought a 18th century armoire for $1,200 and sold it three hours later for $2,500. It was carried over from the previous auction and not advertised for the one I attended). Go to auctions with a clear head. Drink de-caf. If you go with a chip on your shoulder, you're going to be disappointed. You can't win 'em all.[/QUOTE]
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Over paying at coin auctions
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