How to Profit from Public Auctions
by: Dale Hartley
What I’m about to reveal cannot be accomplished every time and at every auction. At most auctions you can do well for yourself, but not make out like a bandit. But at some auctions you can make out like a bandit if you use your wits. If you attend auctions half a dozen or more times a year, your chances will come.
For Newbies: It’s Not Rocket Science
Don’t be intimidated by live auctions if you’ve never been to one. Just go and observe for awhile. Within an hour you’ll understand the dynamics well enough to jump into the bidding.
The first thing to do upon arriving is register and get a bidder number. The auction company may require you to show a driver’s license. This prevents people from (a) winning an item, changing their minds, and leaving without paying; or (b) using the “controlled chaos” as cover to shoplift their winnings. Read more
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