Saturday, 6 October 2012

Top Tips for Visiting an Auction


  Have you ever wanted to buy ephemera or collectables that could illustrate your family tree or perhaps bring your ancestor's stories to life? Well, auctions are a good place to start.

   From trinkets and love tokens to letters and vintage luggage, you are guaranteed to find something new and unusual at each auction you attend. Whilst larger items are sold singly, smaller items may be grouped in lots so be prepared and set yourself a budget before you attend and STICK TO IT!
   Always do your research. Your local newspaper usually lists up and coming sales enabling you to get hold of a catalogue beforehand, detailing a description of the goods to be sold and a guide price on what each item is expected to fetch. Viewing often takes place a couple of days prior to the sale allowing 
you to inspect those pieces which interest you.

  Usually, bidding will open at a price started by the auctioneer but if he is unable to find any interest he will continue to lower the price until someone takes the bait – the figure will then gradually increase as other bidders join in. Don’t worry about the old tales of bidding on an expensive item which is way out of your league just because you scratched your nose – the auctioneer is experienced and knows how to spot a genuine bid.
 There will normally be a Buyer’s Premium - 10% of your winning bid plus VAT - which you will be required to pay along with your final bid price. Take this into consideration when you set your budget, but above all, have fun and try to acquire memorabilia which can help you to build a 'bigger picture' of your ancestral past.

 

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