How to Bid at an Auction

Last updated 8 months ago

In this video, the speaker discusses how to bid at an auction. She advises first-time auction-goers to wait on the sidelines for a while to get a better feel for the process. In addition, she also suggests that those who are not familiar with auctions avoid getting into bidding wars or even making the opening bid at an auction. The opening bid is usually open to some serious negotiation—negotiation that other experienced bidders are better-equipped to perform.

If you’re interested in attending or holding an auction, then you should consult with Lauro Auctioneers. At Lauro Auctioneers, we handle new and used restaurant equipment, estate auctions, and business liquidation sales. For more information, call (954) 376-5945.