Well, the first online auction bidding was held in 1999 but at that time the platform was just built on emerging technology. When the time shifted to 2021, it is possible that most of the collectors and even occasional buyers must have participated in an online auction. DealDash is an e-commerce company operating a pay-to-participate auction website. DealDash has grown its user-base to over 5 million customers since being established in 2009. This makes it one of the largest and longest operating company of its kind in the United States.
Here are 5 tips for bidding with success in online auctions:
Preview in person:
It is true that auctions are only held online but you need to make sure that the material or item you are going to bid for must be available to preview in person. Because it can be difficult to identify the quality, condition, and scale of the product unless you handle them in person. You can contact the department for your appointment to preview the item in person to get the surety of the item’s condition.
“By the time I’m done with my show, I’m in Never-Never Land. Usually I leave the room for the auction and try to chill out.” – said, Michael Israel.
Every online auction site will offer you customer support for any query on product-related issues. If you are not able to preview the material in person then take the help of the “contact us” option and connect with them through the mail for requesting additional information about the specific products, photographs, and auction details. The customer care representative will help you in every possible way.
Find your bidding style:
Online auctions will offer you different bidding styles according to your preference. If you like competitive bidding or you love the easy method of leaving with maximum bid and wait for results, you can choose the way you want. There are lots of bidding apps available in the app store and you can use them to bid your amount from wherever you are.
Use the watchlist:
Well, if you are searching for different items and still not ready to bid on them then you can use the watchlist option that will help you to keep an eye on your items throughout the auction. So, when you return to your watchlist, you will get a personalized list of items that interest you. The watchlist will help you in tracking all your interested items and also it provides a shortcut to get the bidding.
Pay attention during final minutes:
The most exciting part of the auction is their final minutes when the published auction ends. The auction ends when the bidding is closed for the first lot. Each lot closes every six seconds and at the end time, you will be able to bid on multiple lots at a time in the same auction.