5 Most Effective Online Bidding Tactics.

Categories: Auction, Uncategorized
New To Online Bidding? Heres a few tips on bidding in the auction.
01. Consider Why You Are Bidding

What is it about whisky that makes you want to buy it? Are you looking to invest or speculate, collect, or simply to drink the best stuff you can afford? All these lead to buying different kinds of bottles, the more you understand about what you want out of whisky; the more effectively you can buy it.

 

02. Do Some Research

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Get as much information about the item you’re interested in before you start bidding; read our descriptions and information carefully in advance and don’t be afraid to email us for more photos or information before bidding. Check out the blogs and other websites for reviews; see what other people are saying about this bottle and how highly (or not) it is regarded in the whisky world. When it comes to buying old or rare whisky: knowledge is power!

 

 

03. Consider Other Charges

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Understand the commission charges before you bid. Every auction house charges a commission
on top of the final hammer price. Also consider if you require shipping, storage or insurance. All our charges are clearly listed on our website for you to view prior to bidding: See our charges

 

 

04. Keep An Eye On The Auction Deadline

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Set a reminder on the auction closing date and time. When you register with us you will receive email alerts from us, such as outbid notices, but setting yourself a reminder of the time the auction ends will ensure you don’t miss out.

 

05. Know Your Limits: decide what you’re willing to pay early on

Avoid the temptation of getting into a bidding war; follow your wallet not your heart. Once you’ve determined what you’re willing to pay for a bottle, enter your maximum bid and let our auto-bid feature bid on your behalf up to your max bid. It’s easy to get emotionally caught up in the thrill of the moment and continue bidding beyond what you can afford; our auto-bid feature helps keep this under control. If your max bid is £80 and the bottle is sitting at £30, you may still only have to pay £32.50 (plus buyer’s commission) provided no one else bids as the bid would only go up one increment. See Increment Breakdown.

Click here to see more tips on bidding online!

Good Luck and Happy Bidding


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