At a traditional auction (an "absolute" auction), bids increase in succession until the final (i.e. highest) bid is accepted by the auctioneer. Sellers can protect their interests against exceptionally low bids with reserve bids, etc.

Most auctions provide specific dates and/or times for viewing items being offered prior to the sale. Because most auction items are sold "as is", a careful inspection by potential buyers prior to the sale is important.

You must register at the auction for a bidder number if you intend to bid. Applicable rules (whether there are buyer's premiums to be paid on top of the bid amount, for example) are posted or included on the bid card, in catalogues or other material available. Ask questions if you are unsure of the policies of the auction house.

Once the sale starts the auctioneer solicits bids and acknowledges those received. Holding up your bid card, raising your hand, and even verbal acknowledgments are methods of signaling your next bid. And don't worry -- scratching an itch won't be misinterpreted as a bid!

AUCTION FACTS...

• A speedy process.
  There’s no doubt that an auction is the fastest sales process around. It’s quick and efficient and that’s what makes it attractive.>
• Set Your Own Price and Establish a Value.
  You are in control at an auction. You decide when to bid and how much to bid - how high or low you want to go.
• Certainty of Knowing What You’re Getting.
  Auctioneers deal with a wide range of merchandise. They are educated professionals who know value and price. Many have special certifications in personal property or estate appraisals.
• Fun and Excitement.
  There’s no doubt that an auction is entertainment at its finest. Crowds of people competing for unique property, combined with that lively and rhythmic auction chant make for some great entertainment and fun. It’s an event the whole family can enjoy.