4 Places to Learn all About Toronto Auctions

posted on July 22, 2015 by Don Reinhart | No Comments

Are you a first-timer to the world of auctions? Are you excited to get some experience, and discover some great finds at an auction? Finding success at auctions can be a bit of a challenge, as you’ll need to learn to develop an eye for discerning whether items are of value or not, and find the balance between winning a bid while still staying within your budget. That’s why we’ve compiled a list of sources you can go to, to learn all about auctions!

  1. Friends and family: There’s quite a number of different types of auctions, happening in different places around Toronto, Ontario, that chances are someone in your network may have attended an auction before. Ask them if they have any tips for you, and a recommended auctioneer that you should check out.
  2. Forums: Want to do some research online first? Forums are a great place to ask questions and find out more information about auctions. If you have the patience to go through the discussion boards, sometimes you may find questions that you wouldn’t think of asking.
  3. Television shows: Shows like Storage Wars Canada, are a fun way to learn about how storage locker auctions work. You’ll start to realize what things are actually worth, and figure out what the maximum bidding price should be for the items.
  4. Attend an auction: Of course, there’s nothing like actually attending an auction, and seeing the process in action. Each auctioneer handles each bid a little bit differently. Observe the speed of the auctioneer when taking bids, and what the increments are for the bids. You can also connect with the auctioneer beforehand, and observe how the experienced attendees bid.

Don’t wait, and get ready for your first auction now! If you have any questions about attending or bidding at an auction, we’re happy to help! Contact us today.