Home Antiques Steps to Buying Antiques At Auctions

Steps to Buying Antiques At Auctions

Auctions offers an abundance of valuable Chinese antiques from different historic periods and regions, which is why many collectors and admirers of Oriental style choose to buy such items at auctions only. Not only because of better selection, but because of guaranteed authenticity and good price.

Modern auctions required all bidders to be registered with the auctioneer before bidding starts. The registration is basically obtaining a number which helps identify buyers at an auction. This number is usually printed on a white card and attached to a small handle and is used to attract auctioneer’s attention by raising the number when wanting to place a bid on certain item.

Steps-to-Buying-Antiques-At-Auctions

Auctions can be a great place to buy various Chinese antiques, however preparation is the key to success. If you are unfamiliar with the whole process, here are step-by-step instructions.

  • Always take a close look at the antique piece before bidding. Check the pieces thoroughly for any signs of damage prior to raising your number.Note: if you learn the piece is damaged after you’ve bought it, there is no coming back. There are no returns and exchanges at auctions.
  • Get a catalog from the auctioneer and mark the lot numbers of the pieces you intend on bidding. This ensures that there will be no mistake made in the heat of the bidding process.
  • Do your homework beforehand. It is essential you do a comprehensive research. This way you will have a better idea about market prices and if your expectations are realistic. Also, find out the reverse price of the piece you are interested in. If the piece is in your price range, know exactly how much you want to pay for it and stick to your budget. Keep in mind that most auctions normally add 10 to 15 percent to the hammer price.
  • Try not to get nervous during the bidding process. With all the excitement and thrill of a live auction, it is easy to get sidetracked and make a mistake such as overbidding on a certain item.
  • Be prepared to pay for your items immediately after the action and to remove your purchases from the auction houses as soon as possible. Most of them require items to be removed within 48 hours.

By following the above steps you will surely find bidding an enjoyable experience. However, if not completely prepared for such adventure, get your antiques at any better supplied and reputable Chinese Antiques Melbourne store. Ask for references or browse online for trustworthy Chinese Antiques Melbourne dealers to ensure genuine items.