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The chances are you didn't even know that police auctions existed until today. That's natural as not a lot of people do. Those that do know where and when the regular auctions are will try and keep this information to themselves for obvious reasons. They certainly do not want to give away information that is currently giving them huge savings and making them a decent profit in the process. Imagine if you were making a profit from these events, would you go around your neighbourhood and tell everyone where they could make a profit? Probably not! You would simply keep this information to yourself. Get searching First you have to find the auctions. Luckily, there are some useful lists available online which will help you out. Do a quick search and this will quickly generate a few lists of local and upcoming events. If you do come across any, log them. Eventually, you should be able to develop a list of a dozen or so that will be coming up over the next few months. Of course, these are prestigious events, so don't expect them to be happening every couple of days. You might also have to travel an hour or further in order to visit one. Get acquainted There is no need to jump straight in at the deep end. Instead, you can start by simply visiting an auction. Don't get involved in the bidding, but instead, get accustomed to how they work. Look at how bidders bid and how much auctions tend to finish for. This will give you a good idea when it comes to taking cash to an event and actually bidding for yourself. Speak to a couple of bidders if necessary. It is likely that they will know about some great auctions that are coming up, that you did not know about. In fact, they might even be closer to home, which would be ideal. Get involved Don't forget to take some money! Most police auctions will require that the winning bidder has cash on the day of the auction. If you don't have the cash, you might lose a deposit and you will also lose out on the deal. Check through the auction listings before hand. Make a few notes and determine what you are prepared to pay for particular items. This will make bidding a lot easier. Don't get involved with any kind of bidding wars. If you expect to pay no more than £500, then set this as a strict budget and don't go a penny over it. A lot of people get into bidding wars, spending £750 on an item that they only really wanted to pay £500 for, which doesn't make this seem so appealing after the event. Conclusion When it comes to bidding on auctions, police auctions are really the ones where the most money can be saved. There are very few places where items such as cars can be found at such low rates. Of course, if you really want to make the most out of these auctions, then you will need to do some research and develop a strategy that will help you to win. Police auctions can be a great way to purchase products at a heavily discounted price, along with a variety of online auction sites.
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