Monday, June 21, 2010

What You Should Know Before Buying Furniture at Auctions Finding Auctions and Where the Inventory Comes From By Abe Abbas

Auctions are great for finding unique furniture at bargain prices, but before buying furniture at an auction familiarize yourself with the process.
There are many obvious benefits to buying furniture at an auction. You can get furniture at real bargain prices and sometimes you have access to furniture or other objects that you wouldn't normally come across.
Yet, if you are going to an auction for the first time, the quick pace and having to make split second decisions can seem slightly intimidating at first. Knowing and understanding the process will make it easier for you to make savvy bids.

Inventory Sources

While all kinds of items end up on the auction block, the inventory gets there from many very different sources such as:
  • Liquidators
  • Private companies
  • Homeowners who want to get some extra cash
  • Charities
  • Estates
  • Government agencies also put up impounded or lost and found items.
    • Finding Auctions

      Auctions can be held at many different sites. Estate auctions can be held on the site of the estate, other types can be held at auction houses, hotels, community centers or even online.
      • You can search online for furniture auctions. A great search resource is Live Auction Talk
      • Look for notices in newspapers.
      • Ask around at antique or used furniture stores.
      • Subscribe with auction houses to be informed of upcoming events.
    • http://furniture.about.com

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