1. Take a Tour 1. Look at the goods that are up for auction. 2. Make a note of when the items were won at the lowest prices. 3. Look at the auction schedule and plan to attend one. 4. Auctions are based on Central Standard Time.
2. Useful Acronyms 1. 1WA auctions are for people who have never won. 2. Junior auction, limited to members, who have less than 9 wins. 3. Big Dog open auction to top players.
3. Watch an Online Auction 1. Observe the countdown timer until the end; it can be tricky. 2. Check the bid log to see how many bidders are present. 3. Never assume that no one is bidding; many will wait until the end. 4. If the clock reaches zero again and again there may be no one present.
4. Well known Strategies Used 1. Many bidders withdraw if they see Big Dogs present at the auction. 2. Never bid at the beginning of an auction. 3. Bid NO LESS THAN 5 seconds remaining or you may just reset the timer. 4. Everyone begins to bid when they hear “Going Once, Going Twice.” 5.
5. Let the Bidding Begin 1. Schedule a time when you will not be uninterrupted. 2. Make sure your computer is working up to speed.