Auction tips

If you have never been to an auction before, then don’t be afraid, give it a try! We are a very friendly and helpful team at Stamford Auction Rooms, and if there is something you are not sure about, then ask! However, as a useful guide, I have created some top tips!

View the auction: It is always a good idea to view the auction prior to the sale day, particularly if you are bidding on a number of items. At SAR we have two viewing days prior to our Saturday auctions, and there are always plenty of staff to help point out where the items are, and help you register to bid if you are returning on the day.

Chose a bidding method: It is always best to bid in person – SAR offers alternative options if the buyer cannot attend in person. Telephone bids, Absentee bids, and two live online bidding platforms; the-saleroom.com and Easylive auctions allow you to bid in the comfort of your own home live as the auction is happening.

Check the condition – auctions are not retail outlets, and items are not always in good condition, particularly when it comes to antiques! SAR offers condition reports to assist prospective bidders; however it is still the responsibility of the buyer to satisfy themselves of the condition of an item before they bid.

Research is key! If you are buying something for an investment, make sure you know as much as you can about it beforehand, and what current market value is. If in doubt, don’t be afraid to ask the auctioneer who should always be happy to provide guidance. Know your limit: don’t get carried away! Set a limit for your bidding, as you will find it is so easy to get carried away in the moment, especially if you are fighting it out in the room against another bidder – no one likes losing!

Scratch your nose, we won’t take it as a bid! So many people get worried that a mere toss of the hair, or move of the arm will signal a bid….but it really isn’t the case. With 20 years’ experience on the rostrum, I know when someone is bidding or not, so fear not!

Don’t forget the commission! Work out what the commission is before you buy – it is easy to forget the commission on the hammer price, which in our case is 20% plus VAT, so be careful not to overstretch your limit.

Know what you are buying! If bidding online – check the size! There have been many funny occasions when people haven’t; one person in particular ended up going home with a huge Italian statue poking out of their sunroof!

Don’t forget the rules! Familiarise yourself with the post-auction rules; for example, make sure you can collect your items before storage charges kick in. Our team is always on hand to direct you to local couriers who can assist if you are unable to do so.

HAVE FUN!! My most important tip is to enjoy yourself! The exciting atmosphere of an auction is what keeps people hooked. We even have people who just come along to watch our auctions for fun, and some who tune in at home while doing the Saturday chores! Once you have been to visit us once, we are sure you will be back again and again.