Want to Know How To Bid At An Auction? Here Are 10 Tips

Published Tuesday, July 23, 2013 at: 7:00 AM EDT

Don’t be intimidated by the way auction bidding often is depicted on TV. It’s actually quite simple if you observe the rules. These 10 tips should help:

1. Obtain the catalog from the auction house in advance. It includes a brief description, photo, and estimated value of each item.

2. Note the lot numbers of items that appeal to you. When possible, inspect those items in a presale viewing.

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This article was written by a professional financial journalist for Advisor Products and is not intended as legal or investment advice.

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