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About the Book Government Auctions sites receive literally thousands of enquiries a week from auction visitors, purchasers and consumers who are interested in what's being sold across the country at auctions and how to buy it..... 'Everything You Could Ever Need to Make a Killing at Auctions' will help you ensure you know exactly how to get your hands on those bargain goods without getting them burnt! Government Auctions sites have been running since 1999 and now boast an impressive client database. Although the name suggests they deal mainly with government auctions, which they do comprehensively, they actually cover the whole spectrum of sales. Clients keep coming back because they offer sound, up-to-date information... including tips and tactics for bagging those deals. That information has now been published in 'Everything You Could Ever Need to Make a Killing at Auctions' 'Everything You Could Need to Make a Killing at Auctions' is fast becoming the definitive bible for all those looking for a sale, the first reference point, the Yellow Pages of the auction world. Why? Because clients know that the information comes right from the horses mouth, from those in the trenches. Instead of having to bid naively and with a certain sense of trepidation... people simply consult 'Everything You Could Ever Need to Make a Killing at Auctions' So for all the very latest auction info ensure you become the proud owner of 'Everything You Could Ever Need to Make a Killing at Auctions' This superb guide is written by seasoned auction goers, contains 24,000 words and will guide you through the sometimes-daunting world of auctions. The purpose of the guide is two-fold. First, it is to stimulate your interest in auctions in general. Auctions are fascinating places; full of sharp-eyed traders ever-ready to snap up a bargain, anxious vendors keeping their fingers crossed that they will achieve, or even better their reserve, nervous first-time bidders unsure of what to do or how to behave. Bored staff waiting for the day to be over at rate of 110 lots per hour, distressed sellers seeing a treasured possession or family heirloom slip from their grasp. Victory, defeat, elation, despair, excitement, boredom, every emotion is present to some degree at an auction. Indeed with a good auctioneer controlling proceedings the excitement can be infectious, particularly when a much sought after lot hits the floor. Building slowly and steadily as bidder after bidder drops out until only two bidders remain - a winner and a loser, one elated, one disappointed, the auctioneer builds upon the charged atmosphere, and then moves onto the next lot. The second function of this guide is to strip away much of the myth associated with auctions and to show them for what they really are. Auctions are either places where you can buy something at a knockdown bargain price (if you know what you are doing, know what to look for and how to behave), or places where you can pay over the odds for something that you really did not want in the first place. Whether you are interested in auctions as a means of purchasing the occasional item which you need for your home or business, or whether you wish to take the next step and buy and sell at auction, this is the guide for you. It is written by a team of experienced auction-goers. It is designed to help you bid successfully at four major types of auction: Antiques and Collectibles Finally, at the back of the guide you will find a glossary of terms ranging from antique dealers' 'tradespeak' to explanations of some of the more specialist terms found in the auction world. To be successful at auction you have to be as knowledgeable, or even more knowledgeable about both the tricks of the auction trade and the goods on offer as everyone else that turns up on the day. WHY PEOPLE SELL AT AUCTION There are probably as many reasons why people sell at auction, as there are auctions. Everyone's circumstances are different. The reasons why goods and property are put up for auction rather than being sold through a private sale vary enormously. It's very rare indeed for the real reason why something is being put up for auction to be disclosed. However, trying to understand why people sell at auction can help you enormously when it comes to picking up a bargain. While we were preparing this guide we contacted a wide range of auctioneers as well as traders who make their living buying and selling at auction. Here's a list what they consider to be the top ten reasons why people sell at auction: 1. No heirs - a property being sold at auction may have belonged to someone who died intestate (without a will) 2. Repossessions - the property has been repossessed by a bank or building society - such repossessions occur at all levels of the property spectrum, and while they are at their highest levels during recessions, they happen all the time. 3. Disposable property - commonly an old barn on a farm, or painting, or antique - is often put up for auction when times are hard and cash is needed urgently. 4. Anonymous disposal - a company that made a mistake and bought too much stock; they want to sell something quietly without advertising the fact through a private sale. An auction is the perfect vehicle. 5. Quick disposal - if you want to sell something quickly (especially antiques and collectibles) - and you want your money fast without having to wait months to make a potentially better private sale - then an auction is the way to go. 6. Speed of disposal - auctions are the favoured way for large companies and government agencies and departments, for example the Ministry of Defence, to dispose of unwanted assets quickly. 7. Misconception - some people believe (wrongly) that they will always get a higher price at auction. 8. Ease of disposal - many people don't want the bother of placing an advertisement and dealing with potential purchasers involved with a private sale. For them an auction is much less trouble. 9. Easy profits - auctions are perfect places to dispose of goods taken in part exchange or demonstration models. 10. Last place for a sale! - goods that are approaching the end of their useful lives - such as high mileage vehicles - and whose faults and deficiencies quickly show up at a private sale, are usually sent for auction. TYPES OF AUCTION The range of auctions that take place is extremely wide and you can buy almost anything, from a house to an oil tanker and everything in-between. Indeed some of the more interesting recent developments have been the use of the Internet both as a means of disseminating information about various auctions and as a vehicle for hosting auctions themselves. Here's a short description of the most common types of auction: Government & General Auctions Government and General Auctions are amongst the most common auctions to be found. Here you find a vast range of materials that have to be sold by various government bodies, for example: Customs & Excise, the Police, the Official Receiver, the Ministry of Defence, local councils and authorities, liquidators, as well as material put up for auction by companies and members of the public. Also in this group you will find auctions ordered by executors who are entering the assets of individuals who have perhaps died intestate (those who have died without leaving a will), or in debt. One of the most interesting bodies to look out for at auction is Customs & Excise, and the coastguard who may be entering at auction various items seized from smugglers, fraudsters and racketeers. Motor Auctions Here you can buy anything from a clapped out banger to a brand new top-of-the-range model; from a run-of-the-mill family saloon to a rare collector's item. Not only are motor auctions an ideal place to pick up a bargain - if you know what to look for (and we will explain this in detail) - but also they can often be an entertaining evening out. Land & Property For the ordinary person land and property auctions can be quite daunting as they are places where they can see literally huge sums of hard-earned cash change hands in a few minutes. However, knowing the ropes at land and property auctions can allow you to pick up residential and investment properties at knockdown prices. In 'Everything You Could Ever Need to Make a Killing at Auctions' we explain how they work. Antiques & Collectibles Auctions of antiques and collectibles are fascinating places and hold the opportunity for making serious money. If through your knowledge (and luck) you can spot a bargain at one auction, snap it up, and sell it on at another. Internet Auctions With a potential audience of 300 million people who are already on-line, the Internet is the most exciting part of the auction world at the moment. Led by sites in the United States but closely followed by UK auction houses, specialist Internet auctions are springing up all over the place, selling everything from antiques and collectibles to holidays, air travel, brand new computers, and household equipment. Titles If you fancy being the Lord of the Manor then you can buy a hereditary title at auction. Every year several of these specialist auctions take place and quite apart from the value to someone who wants to be addressed as Baron or M'Lord, they are enormously entertaining for anyone interested in people-watching. Insurance Policies For anyone with a keen eye for a bargain, auctions of second-hand endowment policies can be an excellent place to pick up a bargain. The attraction is that someone else has already paid substantially to set up the policy in the first place, and you will be able (with the help of your trusty financial calculator) to calculate its real worth and decide whether it's worth your while snapping it up. On-Site Auctions Sometimes when the stock or assets of a company are simply too vast or too bulky for an auction house to transport to their own premises and store, they will hold an auction within the confines of the bankrupt company itself. You could find yourself bidding for items which are still plugged in, and the great advantage of these auctions taking place on the premises is that you have the opportunity to view the goods as they were being used, and you may be able to try them out. You can also avoid the possibility of goods being damaged whilst they are being removed as you can do it yourself or at least supervise the activity. Private Treaty Sales Occasionally, when you are looking at an auction catalogue, you will note that some of the items have been withdrawn. Usually these goods have been sold by 'private treaty'. This means that the goods have already been sold off, usually to a trader or dealer on a private, behind-the-scenes basis before they have had a chance to be offered at the auction sale. These goods are rarely in single lots - photocopiers or fax machines would generally be sold in bulk lots for instance. Occasionally lots might include the contents of a ladies' fashion store, a newsagents or even a fleet of cars or dump trucks. If you are interested in private treaty sales then it is essential to make yourself known to the various auctioneers and act fast. Usually dealers and traders who are interested in private treaty auction sales will be on an auctioneer's mailing list, and as soon as the auction catalogue is published they will be on the scene putting in their bid for large lots of stock. All this and much, much more... 'Everything You Could Ever Need to Make a Killing at Auctions'...GET IT NOW! How to Get an Amazing 25%, 50% or Even a Massive 97% Off Property, Transport, Computers, Antiques, Household Goods... In Fact, Just About Anything! |
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