Ready, Set, Bid!

Why go to an auction? First of all, jewelry auctions offer unique pieces that may not be available through regular channels, and some of those items may fit perfectly into your inventory. You can also learn a lot by attending auctions. They are wonderful training grounds for anyone interested in establishing an estate department. But not everyone who makes a winning bid comes out a winner. When the “winning” bid is too high, the winner might feel more like a loser. If you plan to take part in some auction action, make sure you know what you're doing. Here's how to begin: Inspect the property. Don't rely solely on the photographs and descriptions in auction catalogs. Photos may be enlarged or color-enhanced, and only lot information in boldface type is guaranteed. Examine in person the pieces that interest you, using a 10x loupe. (Other tools include penlight, notebook, pen, and g

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