If you have never been to an auction before, you're missing out on fun, excitement and great treasures! Some say they're fearful of auctions because they don't know how they work. Many a television sitcom has exaggerated the auction setting. A man goes to an auction, scratches his head or touches his ear and it's taken as a bid. This doesn't happen in real life. Auctions are very organized and the rules are straight forward. Auctioneers know the difference between a bid and a twitch.

Here are some general rules of thumb for consumers who consider themselves "rookies" in the world of auctioneering.

How to find an auction
Auctions, just like other sales, are listed in most local papers and trade publications. But thanks to new technology they're also listed on-line. The NAA has the most comprehensive calendar of upcoming auctions listed on its web site, www.auctioneers.org. Just click on "find an auction" and key in your location and you're set.

Registering at an auction
When you arrive at an auction, register for a bidder number and read the rules printed on it or displayed on posters nearby. Be sure to ask questions if you don't understand the rules. But don't worry, before the action begins, the auctioneer or another member of the auction company will fully review these rules and techniques.

Making a bid
When you hear a figure or price called out that you agree to pay on an item, draw attention to yourself by raising your bidder number. Make eye contact with the auctioneer or ringperson (the auctioneer's assistant). Or shout "yes" or "right here". The auctioneer will nod and point to you and repeat your bid. You may remove yourself from the bidding process at any time by shaking your head 'no'. Should the auctioneer misinterpret your signal, simply report the mistake right away.

Protecting yourself against fraud
Today most states regulate the auction industry through state testing and licensing, Rhode Island being one with such laws. Calling the licensing board for reviews of a particular auctioneer or house can only lead to positive results. One might also investigate whether or not the auctioneer is of good standings within his/her community. Another rule of thumb to follow here is look for the NAA logo. Members of the NAA are committed to professionalism in the auction business. They abide by a standard of ethnics that protects the public against fraud and unethical auction practices. Nearly 6,000 strong, NAA's members are viewed as trusted and experienced marketing professionals by consumers nationwide.

Back