Engaging in the World of Buying and Selling
Whether you’re participating as a buyer or seller at Luxana Auctions, this detailed guide is designed to support you in both roles. For buyers, our auctions offer an exciting chance to acquire fine art, jewelry, gems, luxury vehicles, antiques, and other valuable collectibles. This guide will help you get the most out of your auction experience.
As a buyer, it’s important to spend sufficient time carefully examining the lots. If you’re new to auctions, attending as a visitor regularly can help you better understand what interests you. Obtain a catalog, review the descriptions thoroughly, and don’t hesitate to ask questions. Learn key terms such as ‘attributed to,’ ‘style of,’ and ‘after’ to evaluate a piece’s origin, authenticity, and value.
The catalog provides estimated sale prices, but these should be viewed as approximations rather than exact figures. Set a budget for your bids, taking into account possible restoration costs and the condition of the item. Decide on your highest bid beforehand and stick to it. Manage your timing, especially for extended auctions, and stay engaged throughout the bidding process.
At the end of the auction, the auctioneer’s gavel signifies the conclusion of bidding. The winning bidder’s name or number is recorded, completing the sale.