PHOENIX, July 18, 2014 /PRNewswire-iReach/ -- Auction Systems Auctioneers & Appraisers, Inc. has authored and released its newest guide on online auction bidding. Titled "How to Beat the Competition in an Online Auction," the guide discusses what buyers need to know to place winning bids that don't exceed an item's market value.
The guide is targeted to people just starting out bidding in online auctions, as well as more experienced bidders who want to place more winning bids.
Some of the topics covered in the new guide include:
- Understanding buyer and seller behavior
- Avoiding excessive bidding that drives up an item's price
- Taking time before bidding on an item
"Actually, it's pretty easy to win an auction item," said Deb Weidenhamer, CEO of Auction Systems Auctioneers & Appraisers Inc. "But if bidders just keep bidding until winning, they risk paying more than the item is worth. A bidder may have beat out the competition, but at a higher cost than necessary.
"This guide will help bidders develop certain strategies depending on the nature of the online auction," continued Weidenhamer. "We suggest how auction participants can increase the odds of placing winning bids without paying more than market value."
To download the guide, interested parties can visit the company's website here.
About Auction Systems Auctioneers & Appraisers, Inc.
Auction Systems Auctioneers & Appraisers, Inc. is the Southwest's most active auction and appraisal company. Auction Systems features live and live simulcast auctions and appraisals of stolen and confiscated Police and personal product including cars, tools, electronics, jewelry, sporting, coins and surplus, as well as auctions of commercial and heavy equipment, real estate, antiques, guns, estate and business liquidation and bankruptcy.
Based in Phoenix, Arizona and an INC. 500 company, Auction Systems is one of the fastest growing privately held companies within the United States. Additionally, Auction Systems is an ICIC INC. 100 company and is ranked as the #1 fastest growing woman-owned business and the fifteenth fastest growing business overall within the inner cities of the United States. It is also headquarters for Auction Systems Select, a global real estate marketplace; McCormack Auction Systems, a San Diego-based marketplace serving the West Coast and Mexico; and iPai, a Shanghai-based marketplace offering market entry opportunities to China.
Auction Systems Auctioneers & Appraisers, Inc. can be found on the web at http://auctionANDappraise.com.
Media Contact: Inge Glees, Auction Systems Auctioneers & Appraisers, Inc., (602) 252-4842, Inge@auctionANDappraise.com
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SOURCE Auction Systems Auctioneers & Appraisers, Inc.