Bidding Wars
An Auction is the Auctioning of goods. This is usually conducted by an Auctioneer either at the location, or Online. At most of them the goods have a reserve or starting price this can be as low as $1. If the goods have a reserve price of $800 dollars but the it starts at $100 the goods will not be sold until the reserve price or higher has been meet. Sometimes if the final bid price falls just short of the reserve price the Auctioneer will enquire to see if the seller will let it go for the final bid price. Its no secret that you can save hundreds of dollars and even make you thousands of dollars. But all bidders should be aware of what they are buying, the terms and conditions of the sale and any buyer or seller premiums that may be applied. The bidder should also be aware that if another bidder wants the same item/s you do, you might end up in a bidding war and pay to much for the item/s.