Kinds of antique auctions

Antique auctions are growing more and more these past few years and it is bound to grow more over the coming years. Traditional auction buying has not been put to the side but nowadays, antique auctions are being held online. An alternative for those who do not have all the time in the world to attend every antique auction they are invited to or near their homes.

Types of antique auctions

There are different types of antique auctions. You can now generalize both on two categories, online and offline. The traditional kind of auction is the kind that always enter our minds when we hear the word “auction”. This is where antique objects are all gathered in a particular place and it comes with numbers instead of price tags. However, some of the antique objects have estimated values attached to it. If you wish to join an auction personally, you will need to pay a fee and once the auction starts, an auctioneer will be at the podium to call out prices from the crowd.

Aside from this, there are also Chinese auctions where you can purchase the right to bid on a particular value of a product. You will walk around with your tickets and stick them into boxes for the “auction”. At the end of the day, there will be a random drawing from the tickets that were dropped in the box and will be the basis of the decision on who will the auction. Chinese auctions are used by organizations or charities to raise money.

Lastly, there are silent auctions where people are free to write down their own prices they are willing to pay and there are other people that can write down their prices on the same paper after a particular time and whoever bid the most will win the auction.

Antique auctions – introduced online

These antique auctions are held also online. Antique auctions online are gaining more and more popularity these days and this is because of the comfort it provides to a lot of people. Not everyone are free to visit antique auctions near their areas. However, one must always be careful with antique auctions online. One must always keep in mind to find a reputable auction as there are many fakes in the World Wide Web these days.

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