Auction Tips & Resources

How to Get the Most Out of Auction Previews

Are you looking for some hidden gems at your next auction? Proper preparation is the secret to successful bidding. The preview before the auction is a key step. Do you want to learn how to make the preview work for you? We’ll share tips and strategies to help you get the best out of auction previews. This will make you a confident and smart bidder. But what’s the first thing you should think about before going to the auction? Keep reading to find the answer that can lead you to auction preview success. Key Takeaways Attend the Auction Preview It’s…

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Reserve Price Setting: Maximize Your Auction Profits

Ever wonder why some auction items sell for more? It’s all about the reserve price. This is the minimum amount you will accept for your item. The right reserve price strategy is essential for auction success. Setting the right reserve price ensures you make the most money. It keeps your item from selling too low. Plus, it makes buyers see your item as rare and urgent. This can lead to more people wanting it, which means more money for you. Finding the optimal reserve price is tricky. Too high a price might scare off buyers. Too low could mean missing…

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How Vehicle History Affects Used Car Prices

Why are some used cars much cheaper, even if they’re the same model? It’s all about the vehicle’s history. The past of a car plays a big role in its price in the second-hand market. This makes us wonder, what parts of a car’s history really lower its price? In the first year alone, a new car can lose 20% of its value. After that, it loses 15% each year. This means in five years, it might only be worth 40% of its original price. But there’s more to it. The History-Based Value also looks at the car’s brand, any…

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A person using a tablet stands beside a computer displaying a car image. Text reads "How to Get the Most Out of Auction Previews" with tips from Twin Cities Auctions on inspecting vehicles, identifying key features, and asking the right questions.

How to Get the Most Out of Auction Previews

Are you looking for some hidden gems at your next auction? Proper preparation is the secret to successful bidding. The preview before the auction is a key step. Do you want to learn how to make the preview work for you? We’ll share tips and strategies to help you get the best out of auction previews. This will make you a confident and smart bidder. But what’s the first thing you should think about before going to the auction? Keep reading to find the answer that can lead you to auction preview success. Key Takeaways Attend the Auction Preview It’s…

Read more