Archive: June 2007

GOING ONCE…TWICE…SOLD!

Get fitness equipment on the cheap at your local auction

by Lisa Marie Metzler

Ebay may be a popular way to get good deals but nothing compares to a live auction. The fun and excitement of bidding (and hopefully) winning your loot is a blast! Unbelievable buys can be had like the Weider bench (with all the weights!) I bought for a mere $15.00! If you’re looking to get your family in shape, try buying at an auction before you head to the sporting goods store. New and used bikes, canoes, kayaks, professional gym equipment and sporting goods are just some of the treasures you can find. Before you load up the family you may want to hit a few auctions to get a feel for the bidding and lingo. It may seem intimidating at first, but once you win your first lot, you’ll be hooked. Follow these tips to get started and discover what you can uncover at the auction!

Preview of Coming Attractions
Auction listings are advertised in newspapers and flyers displayed at your local post office, bank and other retail stores. Most auctions have a viewing period the day before the auction starts. Use this time to carefully inspect the items you’re interested in. If you have any questions about the item, ask during the preview. Some auctions provide a catalogue of the items, but these are not set in stone. More items can be added at the last minute or even deleted from the sale.

Take a Number
When you arrive at the auction, obtain a bidding number card right away. Most auctions will require a driver’s license or other form of identification. Some may require a returnable deposit or bank letter of credit stating you are worthy for a specified amount of money. Carefully read the terms and conditions of the sale on the auction flyer or bidding card. Keep your bidding number on you at all times! If someone picks up your bidding number they could bid on items using your name and credentials.

Who Will Give Me Ten?
This is the exciting part of the auction. However, if you have a competitive spirit, this could be your downfall too. It is always a good idea to have a price in mind and stick to it. The bidding can easily become a game instead of a means to obtain a bargain. When your item comes up, get close to the action so the auctioneer and his assistants can see you. When the auctioneer announces the starting bid, don’t jump in. If no one bids, the auctioneer will lower the amount until someone does bid. If there isn’t a lot of interest in your item, you could get it for a song. When you want to bid, hold your bidding card up high and shout “yes!” or “here!”

Contrary to what you may have seen on TV dramas, scratching your nose by mistake does not mean you’ve placed a bid! If you bid by mistake or the auctioneer misinterprets a signal, simply report it right away. If you decide to opt out of the bidding shake your head “no” or say “no”.

When you win the bid you are responsible for it and take ownership immediately. Some auctions require an immediate deposit. You can leave the piece and continue to bid on other items or you can take it to your car and come back. Often, auction goers will take a child’s wagon to store small goods until checkout. For your own reference, jot down winning lot numbers and prices. It’s easy to lose track of spending and you don’t want to be shocked at checkout. The auction house keeps track of all your purchases and you will be expected to pay for everything before you leave.

Not all auctions are held in a comfortable environment with seating. Many are held outside with some merchandise under tents. Wear comfortable shoes and dress accordingly because your items may not come up for hours. Snacks and drinks are usually available, but most allow you to bring in your own food. Bring your own lawn chairs to relax in while you’re waiting. It’s fun and enlightening to watch other people bid while you wait. Take empty boxes, ropes or tie-downs and anything else you many need to get your goods home safely. Another tip: Cold and rainy day auctions often yield exceptionally good deals because many bidders leave early; leaving little competition.