The Benefits of Bidding on 90-Second Auctions

The popularity of online auctions has grown in step with online shopping in general—after all, what could be more convenient than browsing for what you want from the comfort of your own home? In recent years, a new dynamic segment of the online auction market has caught the attention of savvy online shoppers: the 90-second auction. What is it about these fast-paced sites that has earned a devoted following?

Speed: Imagine an auction boiled down to those last exciting seconds when all the action really happens. Every item on a 90-second auction site is just like that. You have to move fast to stay on top. Placing a new high bid extends the auction for a few more seconds, but once that clock ticks down, the item is sold! Unlike traditional timed online auction sites where you have to follow an item for days to have a chance to win, 90-second sites give you instant victory. Didn’t get an item you wanted? Don’t worry—there’ll be a chance on something else instantly.

Convenience: Some of the most popular 90-second-auction sites can be accessed through mobile apps, which means you can participate from wherever you are. You’ll never miss out on your opportunity to bid when you can literally put the auction in your pocket and take it with you.

Discovery: The brisk pace of 90-second auctions means that there is constantly something new coming up for bid. Whether you’re looking for jewelry, collectibles, art, or more, the inventory on a 90-second auction site is always changing, offering you something fresh to consider on a daily basis. It’s fun just to dip in to see what’s on offer, and you never know—you may unexpectedly find that have-to-have item when you least expect it.

Bargains!: You won’t believe the deals you can get at a 90-second auction. With prices starting at just $1 and a lightning-fast bidding window, items up for bid routinely go at just a fraction of their retail price. Unlike some penny auction sites that charge a fee per bid, 90-second auction sites are free to bid on—you only pay if you win. This makes these auction sites the perfect place to hunt for unbelievable bargains and snap them up. Although you may pay shipping costs or other fees (each site varies), you still usually end up with a price well below retail on all kinds of items.

Technology isn’t just making the auction experience more accessible for the modern age, it is also bringing new twists to the traditional ways we bid and win. If you’re the kind of buyer who loves the adrenaline rush of fast-paced bidding and who can’t resist the opportunity to get a steal of a deal, 90-second-auctions are worth checking out.

Collector’s Guide to Buying Art at Auction

Whether you’re new to collecting art, new to buying at auction, or both, art auctions can seem intimidating. This is because we’ve often been shown a picture of art auctions as a format for selling astronomically priced famous works to the super wealthy. Of course, tales of how a recently rediscovered Old Master went for millions of dollars over asking price are exciting, but they obscure the fact that in reality, art auctions can be good opportunities for collectors to get bargains. To make the most of auction opportunities, here’s what you need to know:

Understand the mechanics of the auction you’re entering:

Not every art auction operates the same way. First, artworks may have a minimum bid amount specified—this is the smallest bid the auction house will accept to open bidding. However, this may not be the same thing as the minimum amount needed to win the item. If a reserve price has been set, then bidding has to reach at least this level before a bidder can win the item. This can happen, for example, when a consignor has put an artwork up for auction and wants to make at least a certain amount of money on the sale. Reserve prices may not be made public. Bid increments are the minimum amount by which you need to raise your offer to counter a previous bid. Generally speaking, the more expensive the item, the higher the bid increment.

Know what you’re buying:

While it’s always a good idea to let your personal preference guide you in terms of the general style of artwork you decide to buy, your gut feeling is less helpful in determining a reasonable sale price for an artwork you’re interested in. Do some research to both understand the general type of artwork you’re considering and the individual piece itself. For example, an original oil painting by a famous artist is very different than a limited-edition lithograph by someone up-and-coming and will command a different price.

Ask questions:

It’s perfectly reasonable to want to familiarize yourself with the details of the piece you are considering before you place a bid. The condition of an artwork can positively or negatively influence its value, and the time to find out about such factors is before you’ve bought it. For previously owned original artworks, the provenance (history of ownership) can help to establish the authenticity of the work, so you’ll want to know about that too.

Buy from reputable sources:

The art market, like any market for collectibles, unfortunately attracts unscrupulous dealers who pass off counterfeit pieces as genuine artwork. This is why it is important to find reputable dealers to work with. Trusted sources will not hesitate to provide proof of a piece’s authenticity and will welcome your inquiries about further details.

Auction King offers a constantly updated selection of lithographs, giclees, etchings, prints, and originals for auction without hidden reserve prices and with starting bids as low as $1. We triple check the authenticity of every piece we offer so you can bid on what you love with confidence. Register today for a free online account and start bidding.

How to Win at Online Auctions

Online auctions give people the opportunity to bid on items they might not have had access to before, due to the limits of geography or timing. They have become a popular way for aficionados to find all kinds of prized items to enlarge their collections, from artwork and fine jewelry to sports memorabilia and designer watches. Successful bidders know that understanding the right way to go about bidding can improve your chances of walking away with the winning bid. Here’s some advice for increasing your chances of success:

First, do your research. Jumping into an auction blindly may result in you underbidding and losing out or overbidding and regretting it later. Check out the items you’re interested in, compare them to similar items elsewhere to get a sense of their market value, and ask any questions you have before you place a bid. Know if the item you’re interested in is rare or unique, which could make it worth bidding more for.

Then set your budget. Decide how much you are willing to spend overall or on any particular item. This will give you a framework for your bidding so you can proceed without second-guessing yourself. Auctions sometimes come down to the timing of your bid, so hesitation can spell the difference between losing and winning.

Understand that certain tactics work best in different situations. One of the most well-known bidding techniques is called “sniping.” This is the strategy of waiting until the last possible second to place your bid to try to win an auction. In a timed online auction with a hard end time, this can effectively shut out other interested bidders. In a live auction, whether in person or online, where bidding goes as long anyone is still placing bids, sniping can still have benefits, however. Active bidding can drive up the price of a hotly contested item, so sitting out until the auction is almost finished may cool off the bidding and ultimately result in a lower end price.

Another popular bidding technique is known as “squatting.” This is where you bid early on your chosen item and counter every subsequent bid in order to stake your claim. Obvious interest can have the effect of driving off casual bidders who are more interested in getting a bargain than in obtaining the particular item in question. To make this technique more effective, you should bid more than the minimum each time, to show other bidders that you are serious about winning. Be careful, however—in the case of one-of-a-kind items, squatting can be less effective because there is no alternative for other bidders to seek out.

Ultimately, your personality and goals will define your successful bidding style. At AuctionKing.com, our live online auction gives our customers thrilling opportunities to win high-end collectibles, fine jewelry, designer handbags, and more at below-market prices every day. We triple-check the authenticity of every item on our site so you can bid with confidence. Register for a free online account today to get started.

Choosing the Best Type of Fundraising Option for Your Nonprofit

Many nonprofits hold charity auctions to raise funds for their mission. It’s no wonder that they’re popular—auctions are exciting interactive events that give your donors an excuse to spend money in a good cause. They also tend to be lucrative, which is why organizations hold them despite the challenging amount of planning they can sometimes require, both in obtaining items to auction off and in running the event itself. However, what kind of auction you choose to hold can make a huge difference in how much revenue you generate for your nonprofit. Here are the three primary types of auction and their advantages:

Live auction: This is the classic auction scenario—an auctioneer shouting out the current bid while audience members compete for a coveted lot. When you want your auction to be the centerpiece of an event like a gala, and you have high-end items like tropical vacations to auction off, a live auction is a good bet to get the maximum value for the items you have on offer. With a live auctioneer driving the excitement, bidders are more likely to bid at or above an item’s value in the name of supporting your cause.

Silent auction: A silent auction is a great idea when you don’t want the auction to occupy center stage at your event. Bidding is open for a set period of time, with bidders writing their name down on a piece of paper with their bid for each item. Donors who aren’t comfortable getting into the thick of live bidding tend to prefer this format, and it’s ideal when you’d like something quieter that guests can participate in at their discretion. It’s easy to browse a silent auction during a cocktail hour, for example. This format is also good for raising interest in items that benefit from a closer look.

Online auction: Online auctions are the best option if you’d like to hold an auction without having to plan a huge event. If your supporters are spread out all over the country or the globe, conducting an auction online can be a way of bringing them together virtually to benefit your cause. In addition, you don’t have to charge admission to cover the overhead for an event, and your donors don’t have to buy fancy clothes or pay a babysitter to be able to attend, which gives them more money to spend at your auction.

Auction King can help you combine the best aspects of live and online auctions to net the greatest benefit for your organization. We supply expert auctioneers to run your live online event and the high-end items necessary to attract the most generous bids—you just direct your members to the dedicated URL we set up so they can participate. Our expertise and secure live-bidding platform guarantee a superior experience for your supporters. To find out more about how we can support your mission with a live online charity auction, contact us today.

Tips for Displaying Art in Your Home

Adding artwork to your home is a natural way to add your own personal touch to your décor, truly individualizing your space. Over time, most of us assemble a collection of prints, original artworks, and photographs that express what’s important to us and what we find beautiful. When it comes time to decide how best to display these treasures, though, we may be unsure of how to go about it. While there will always be personal taste involved in deciding what makes the most appealing arrangement, here are some general tips for how to display your art:

Protect your art

Direct sunlight can fade artworks, particularly works on paper, such as watercolors or prints. You can avoid damage to your favorite art by hanging it out of the sunlight, rotating your artwork so that none of your pieces are exposed to sunlight for extended periods of time, or having your art professionally framed with UV protective glass to combat the sun’s fading effects.

Hang artwork at the right height

One of the most common mistakes people make when hanging artwork is placing them too high or too low for comfortable viewing. Think in terms of eye level when you are deciding where to hang a piece—ideally, the center of a painting or print hung on a bare wall should be at about that height (about 57 to 60 inches off the floor for someone of average height).

If you’re hanging a piece of art above a piece of furniture, however, consider its relationship to what it is hanging near, as well as its overall height. When there is too big a gap between a framed artwork and the item it is hanging above, the excessive space can make it seem like the artwork is disconnected rather than part of a pleasing whole. This ideal distance can vary depending on the size of the artwork and the piece of furniture, so try having a friend hold the artwork in place while you stand back to gauge the effect before hanging it.

Display artwork in proportion

Correct proportions are a large part of getting that “just right” feel to an art display. If you have a large space above your couch, for example, putting a single small lithograph there will look out of balance. Instead, choose one large piece of art or a grouping of related pieces that will better fill the space. At the opposite end of the spectrum, a powder room or small hallway is likely to be overwhelmed by an outsized piece of art. A smaller artwork with delicate details is perfect for this type of space, where it can be viewed and appreciated at close range.

Don’t rush

Take your time and do some preplanning before you start pounding nails into the wall. Start by setting the artwork in the room you’re considering hanging it in. If it doesn’t feel right in the first spot, try setting it against a different wall to see if you like the light or overall effect better there. To get the exact right positioning for a gallery wall of mixed art pieces, cut out paper in the size of each artwork to be included and tape them up on the wall. That way you can move them around and get the exact right positioning before you begin.

When you’re looking for fine art to add to your home, Auction King’s collection of authenticated lithographs, giclées, prints, and originals is your source for stunning works at below-market values. Register for a free online account and start bidding today.