Oh, indeed YES!
I used to go every week when I was a real collector - went to the weekly local auctions as well as a great monthly antique one.
We bought almost our whole house full of antiques -got some FABULOUS bargain which I to this day, regret leaving behind when my partner of 18 years took off with my best girlfriend!
I left those that he liked which was most of them and he had the nerve to ask the solicitor to send a letter requesting the two that I kept!
Back to auctions - yes, I used to collect salt and pepper shakers, old books etc etc and went all the time.
I have therefore bid many times but used to get carried away and pay too much if I wanted something and someone else did also! It used to make me angry so I would go on bidding!
Love auctions but havent been now for about 10 years.
I went to one. Our local market used to hold an auction towards the end of the day. I auctioned off all my baby equipment like prams, change tables, porta cots etc. It was exciting to see such a feverish bidding for my things, and I made a few hundred dollars that I otherwise would not have had. I have never been to a house auction.
I have been to a few auctions,though none recently,unless we class ebay as an auction!! My very first auction was when I was 18, living in Melbourne,and just starting to collect items of interest! I saved up a whole month before attending and was very careful to know what my limit was going to be!!! THIS is the secret,I believe...not getting carried away!! I won the item I was after, at what was then a HUGE amount of cash for me,having only just begun my apprenticeship and earning a real pittance!
But OH!!! How VERY exciting this event was for me,and I still have the gorgeous piece I won and have never regretted spending all that money! When I was older and married,I would attend auctions to get items I needed for the house renovations.Again,I stuck to my limit and won the items I truly wanted most of all.I did miss out on several too,as this was a purpose-specific auction and there were lots of builders there!! All in all,I have enjoyed my few Auction experiences though I have no need to attend them any more. Internet is plenty for me these days!!!
Buying a house has been the only time I've been tempted to take part in an auction.
Unfortunately I found it too intimidating and impractical so I wasn't able to consider buying any of the places being sold by auction.
You have to shell out for building and pest inspections before the auction, for a property you may well not buy.
You have to be very sure about what the property is worth, in case there's a lot of competition at the auction and some of the bidders get carried away.
And you don't have the opportunity to negotiate on other terms like the settlement period, what you want included or excluded with the house, etc.
Yes, I have attended a couple of auctions that a b/I/l was having. He owned a pawn shop on the north coast of NSW, so we'd go & watch. (The auctions were held in Sydney) We only went because he was going to be there, & we hadn't seen him for a while.