2024-01-24 09:47Blog post

5 tips to increase your chances to win an auction

5 tips for winning an auction | Troostwijk Auctions

Whether you are participating in an auction for the first time or are a true expert on bidding, participating in an online auction is not always easy. And winning a lot is even more of a challenge! You may be outbid or place your new bid just too late, resulting in the lot you want passing you by.
 
To avoid such disappointments and ensure that you get the lots you want, we have listed five tips to help you win the auction.
 
1. Keep an eye on the auction calendar.
To increase your chances, it is important that you follow the auction calendar closely. Make sure you know when an auction goes live and be ready to place your bid as soon as the auction begins. Careful planning often lays the groundwork for successful participation and gives you an edge over other potential buyers.
 
2. Inspect the lot.
A thorough inspection of the lot you want to bid on is essential. Take the time to carefully review the images and descriptions of your desired lots. Viewing days are also a great opportunity to see the lots up close, that way you will know the exact condition of the machines you place your bid on. 
 
3. Add the lot to your favorites.
At Troostwijk Auctions you have the option to follow lots and add them to your favorites list. By doing this, you will be automatically notified when a lot becomes available or when an auction is about to end. This gives you the chance to plan strategically and not miss a single opportunity.
 
4. Place an automatic bid.
Another fine feature available at Troostwijk Auctions: placing an automatic bid. This will bid on your behalf until the maximum amount you set has been reached. Not only does this save time, but it also prevents you from accidentally going over your own budget.
 
5. Keep an eye on time.
Timing is crucial in an (online) auction, as there is only a limited period in which you can place your bid. Therefore, keep a close eye on when a lot closes and make sure you place your bids on time. This will increase your chances of staying ahead of other bidders and placing the winning bid.
 
Are you ready for the next auction? If you keep these five tips in mind, you will be optimally prepared to bid successfully on your desired lots. Best of (bidders’) luck!
 
Would you like more information about Troostwijk Auctions' offerings and to bid in auctions? Then take a look at our online auction calendar.

 


About Troostwijk Auctions

Troostwijk Auctions believes that everything has value. The company is all about finding, recognising, and cashing in on that value, often through online auctions but also through tenders and private sales processes. The company values, advises and is Europe's largest business-to-business auction house with global reach. According to the company, online auctioning is an excellent and objective sales channel. Troostwijk Auctions achieves the highest returns in the market through a fast, safe, and transparent process. Value also revolves around people. Respect and sustainability are of paramount importance. According to Troostwijk Auctions, every product deserves a life that extends past its first owner. Troostwijk Auctions auctions more than 810,000 lots each year for companies from sectors including agriculture, food, metal, construction, earthmoving, and transport & logistics. The company has local sector specialists throughout Europe and buyers in 147 countries.


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Annelies van den Dool
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Annelies van den Dool