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AUC T ION C ATA L O G !! !! W IE V E R P S E V E N T H A N N U A L EMS GALA & AUCTION May 14, 2010, Denver Marriott South at Park Meadows Littleton, Colorado Welcome to the Colorado EMS Fundraising

How to fill out auc t ion

How to fill out an auction:

1. Research the auction: Start by finding out the details of the auction such as the date, time, location, and the items being auctioned. This information will help you prepare and make informed decisions during the auction process.
2. Understand the bidding process: Familiarize yourself with how the bidding will take place. This may involve registering as a bidder, obtaining a bidding number, and understanding the bidding increments. Knowing the rules will help you participate effectively in the auction.
3. Determine your budget: It is crucial to set a budget before attending an auction. Decide how much you are willing to spend on items and stick to it. This will prevent you from overspending or getting caught up in bidding wars.
4. Research the items: If possible, prior to the auction, do some research on the items you are interested in. Look for similar items online or in other auctions to get an idea of their value. This knowledge will help you make informed decisions when bidding.
5. Arrive early: Plan to arrive at the auction venue with sufficient time to register, review the items on display, and familiarize yourself with the auction layout. Being early will also give you the opportunity to ask any questions or seek clarification from the auction staff.
6. Inspect the items: Carefully examine any items you are interested in before the auction begins. Look for any defects, damage, or signs of wear. If necessary, seek the assistance of experts or auction staff to evaluate the quality and authenticity of the items.
7. Determine your bidding strategy: Decide on your approach to bidding. Will you bid aggressively from the start or wait until the last moment? Consider setting a maximum bid for each item and stick to it. This strategy will keep you focused and prevent impulsive decisions.
8. Participate in the auction: Once the auction starts, follow the bidding process and be attentive to the auctioneer's calls. Raise your bid card or make your bids clearly to ensure you are noticed. Stay calm and composed even if you are in a competitive bidding situation.
9. Manage your emotions: Bidding in an auction can be exciting and adrenaline-inducing. However, it's essential to keep your emotions in check. Don't let your emotions push you to bid beyond your budget or make impulsive decisions. Stick to your plan and remain disciplined.
10. Review your purchases: After the auction, carefully review the items you have won. Ensure they match your expectations and any descriptions provided. If there are any issues, communicate with the auction house or seller to resolve them.

Who needs an auction?

1. Individuals: People looking to sell personal belongings, antiques, collectibles, or other valuable items may opt for an auction to reach a wide range of potential buyers and potentially get higher prices for their items.
2. Businesses: Auctions can benefit businesses that have surplus inventory, liquidation needs, or need to sell assets quickly. Auctions provide a platform to sell items efficiently and to a targeted audience of potential buyers.
3. Charitable organizations: Non-profit organizations often use auctions as fundraising events. They can auction off donated items or unique experiences to generate revenue for charitable causes.
4. Art galleries: Auctions are commonly used by art galleries to sell artwork to collectors. Through auctions, art galleries can reach a broader audience of potential buyers and create a competitive bidding environment, often resulting in higher prices for the artwork.
5. Real estate agents: When selling properties, real estate agents may employ auctions as an alternative method to traditional selling. Auctions can create a sense of urgency among potential buyers, leading to quicker sales and potentially higher prices for the properties.

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