Whether you’re participating in an online auction for the first time or you’re a seasoned bidding expert, taking part in an online auction is not always easy. And we haven’t even mentioned actually winning a lot. You might get outbid or place your bid just a little too late, missing out on that coveted lot.

How can you avoid such disappointments and ensure you secure the lots you really want? In this article, we share five tips to help you win an auction. 

1. Keep checking the auction calendar
   Want to increase your chances? Then it’s essential to keep a close eye on the auction calendar. This way, you’ll know exactly when an auction starts and be ready to place your bid as soon as it begins. Good preparation is half the battle and can give you the edge you need to win the lot.

2. Inspect the lot thoroughly
   If you have your eye on a lot, a thorough inspection is essential before placing a bid. Take your time to review the photos and descriptions carefully. Are there viewing days? Be sure to attend them. This allows you to examine the lots up close and know exactly what you’re bidding on.

3. Add the lot to your favorites
   At Troostwijk Auctions, you can follow lots and add them to your favorites list. This ensures you automatically receive updates when a lot becomes available or when an auction is about to end. By planning strategically this way, you won’t miss any opportunities. 

4. Use automatic bidding
   A handy feature at Troostwijk Auctions is automatic bidding. This allows you to set a maximum amount, and bids will be placed on your behalf up to your set limit. Automatic bidding not only saves you time but also ensures you don’t unknowingly or unintentionally exceed your budget.

5. Keep track of the time
   In an (online) auction, timing is crucial. You can only place bids within a limited time frame. Make sure to monitor when a lot closes and place your bids on time. This increases your chances of staying ahead of the competition and placing the winning bid. 

Start bidding at Troostwijk Auctions
With these five tips, you’ll increase your chances of placing the winning bid at an online auction. Curious about what Troostwijk Auctions has to offer and want to participate in auctions? Take a look at our online auction calendar and start bidding right away. Good luck!