Have you ever planned your weekend around going to a live auction (if not, you should!), but when that day comes the weather is really poor? If that happens, you will most likely be inclined to stay home and forget the auction all together. I recommend, however, that you think twice before letting the weather affect your plans. This past Saturday I had planned to go to a recurring auction. I haven’t been in a little while and was really looking forward to it. When the day arrived, we were in the middle of a snowstorm. The snow was coming down pretty heavy and the roads were a bit slick, but I knew better than to let that scare me away.
When I showed up at the auction, I was pleased to see that the crowd was half the size of usual; it looked like most people decided to stay bundled up at home. As you can imagine, this made bidding significantly less competitive. Less people means less competition, and that means better deals. You should always understand that if the weather is bad or if the auction is inconveniently located, your chances of getting a good deal will multiply.
I want to advise as well that when attending a live auction, you still need to take some time to do a bit of research beforehand. Even though the crowd this weekend was not that large, people were still overbidding for items, leading me to believe that they did not do their research. Try to have a smartphone handy to do some quick searching. If you can find the item for sale online, use that price as a guide for what you should be paying. I did my research beforehand, using the auction catalogue to get an idea of what I was interested in, and I was able to get a good deal on a number of viles of pure gold flake. Now all I have to do is decide what to do with it!
Good luck at your next live auction! Happy hunting.
-Aaron
To learn more about Aaron LaPedis, visit www.thegaragesalemillionaire.com or contact him at [email protected].
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