These guidelines are based on the opinions and experiences of Stephanie Green. auctioneer, TXL 15246 and are not to be taken as legal or accounting advice.
Live Auctions can be so exciting. You set the price that you are willing to pay. The noise, the pace, the competition and overall atmosphere are exhilarating. Check the number of lots to be auctioned. Most auctioneers average approximately 60 lots per hour in a live auction. If an internet simulcast component is added, it will sometimes lower the number of lots sold per hour. If you have questions, you can usually call the auctioneer in advance of auction day or inquire when you go to preview.
Use the number of lots to gauge how much time you will spend. Some things to consider:
1. Are children allowed? Some industrial and warehouse auctions do not allow children, due to liability and insurance risks.
2. Bring drinks and snacks in case they are not offered.
3. Bring material handling equipment (dollies, boxes, packing tape, etc.) for packing and loading items for transport.*
4. Bring any tools required for disassembly of equipment.*
5. Have any helpers or logistics people meet you at the auction site during scheduled pick up hours.
*Put your name and number on all material handling equipment and tools for identification purposes in case they become misplaced at the auction site.