Online Auctions and Liquidations

auctions online

Steps For Bidding Online

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The process for bidding online can vary from one auction website to the next. However, most auction platforms utilize the same bidding flow. Read on to learn the common steps for bidding in an online auction.

Register to Bid/Create an Account

Before bidding in your first online auction, you will need to register to bid with the online auction platform. During registration, you will provide your name, email address, and other contact information. Most sites also require you to provide your payment information. Collecting this information during registration helps simplify the auction experience.

View All Auctions

After creating an account, look through the auction company’s website to view their auctions. Typically, auctions will be split by category and/or pick-up location. Each listing should include the start and end dates of the auction, pick-up information, and a link to the bidding page. Clicking the link will take you to a list of all the individual items in the auction.

Place Bids on the Items You Want

Although options vary depending on the auction site you choose, you can typically place a one-time bid or a maximum bid. Bidders that place a one-time bid must manually enter bids as other people bid. Entering a maximum bid allows the system to bid on your behalf up until the amount entered. Bidding occurs in pre-determined increments. Bidders that enter a maximum bid will not need to pay the full amount entered unless bidding naturally reaches that amount.

Online auction platforms typically send emails and/or text messages when bidders get outbid. This provides a convenient option as it allows bidders to walk away from the auction.

Pay For the Items You Win

Once the online auction ends, you will need to pay for the item(s) you’ve won. If you entered payment information at registration, payment might be collected automatically after the auction ends. It’s important not to bid any amount you aren’t willing to pay. Once an auction ends, you will be required to pay for all items you’ve won.

Retrieve Your Items from the Auction Company

Make arrangements to pick-up your items within the load out times listed on the website. It’s a good idea to check these times and the location of the auction before you bid.

Ready to give it a try? You can register to bid here.

 

 

Are Auctions Moving Online?

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During the global pandemic, people around the world started working, learning, and communicating online. Visiting the store became a rare occasion, and most shopping took place online. In-person auctions stopped happening and many companies moved their operations to the web. While the days of quarantine are behind us, the future of auctions appears to be online.

What are Online Auctions?

Unlike in-person auctions, online auctions take place entirely online. Bidders can view available items and place bids from their computer, laptop, or smart phone. Online auctions typically last a week or less and bidding takes place both day and night until the auction ends.

Bidders can place as many bids as they like. They can place a one-time bid or a maximum bid, which allows the system to bid on their behalf up to the entered amount. Bidding occurs in pre-set increments.

What are The Benefits Of Online Auctions

There are numerous benefits to online auctions. These types of auctions are more convenient than in-person bidding. Because bidding takes place online, bidders can participate when and where it’s most convenient for them. Bidding online offers complete control to the bidder. Setting a maximum bid helps prevent overspending.

Why Resellers Prefer Selling Online

For resellers, online auctions provide a convenient way to get their items in front of a large number of people. Selling through online auction allows resellers to access a bigger and better pool of buyers. It also provides more control for resellers. Resellers have the option to choose what they offer, where it will be picked up, when the auction will end, and the starting bid of each item.

Are In-Person Auctions Redundant?

Many people enjoy the thrill of in-person auctions. For some, these types of auctions are still the preferred method for buying and selling property. However, the auction bidder of the future will probably prefer the digital experience online auctions offer.

Lots Of Auctions offers online auctions with convenient pick-up in Denton & Dallas, Texas. Bidders can choose from hundreds of items across multiple categories. Interested in getting started? You can register to bid here. Resellers can register to sell here.

Having Guests Stay This Holiday Season? Shop Our Online Auctions For What You Need!

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Many friends and families enjoy spending time together over the holidays. If the people you’ve invited to your home live out of the area, you may decide to ask them to stay. This helps keep costs down for guests and avoids any trouble finding lodging during the busiest time of year.

If you’ve got guests staying at your home this holiday season, you may need to get a few things to make their stay more comfortable. If you’re worried about the extra cost of doing so, shopping through online auction can help you save on everything you need.

Furniture

Guests need somewhere to rest and relax. Many people find they do not have enough beds or seating for out-of-town guests. These things can cost a lot of money at your local department store. Fortunately, there are options to help you save some money this holiday season.

Consider shopping for furniture through online auction. Many online auction platforms offer furniture. Lots Of Auctions’ Contemporary Furniture Auction includes name brand furniture including chairs, beds, tables, storage units, and more. Bidding starts at $5.00 and bidders can pick-up their items immediately after the auction ends.

Bedding

In addition to furniture, shoppers can find popular bedding sets, towels, and table linens in online auctions as well. Because bidders can typically get these things at a very low price, they have the opportunity to stock-up on a few different sets. This makes it easy to change bedding and keep your guest room updated.

Kitchen Appliances

Many people do not consider the extra work that goes into preparing meals for a large group of people. Fortunately, there are numerous kitchen appliances to help. The right appliances can cut meal prep in half, giving you more time to spend with your guests.

At Lots Of Auctions, we offer a large selection of kitchen appliances in our Kitchen Accessories Auction. Bidding starts low and shoppers can choose between pick-up in Denton or Dallas, Texas.

You have a lot to think about this holiday season. We can help you prepare your home for guests. Please click here to register to bid.

Save On Everything You Need to Prepare Your Thanksgiving Meal

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The holidays are quickly approaching. If you haven’t started planning for Thanksgiving yet, you might want to start now. Many people are surprised by how difficult it can be to find the kitchen tools and appliances they need this time of year. Another issue, prices on kitchen accessories keep going up. Fortunately, there are ways to get what you need without breaking the bank.

Shopping through online auction is an excellent way to get the pots & pans, dishes, and kitchen appliances you need for less. Online auction platforms like Lots Of Auctions offer a wide selection of these items. Bidding starts low and winning bidders have the opportunity to get name brand items at a fraction of their MSRP value.

Benefits Of Online Auctions

Online auctions are more convenient than visiting the store. Because bidding takes place online, bidders can participate when and where it’s most convenient for them. Once the auction ends, winning bidders can pick-up their items close to home. This saves on shipping costs, and ensures you have what you need long before the holiday rush.

Choosing An Online Auction Platform

Shoppers have many options when it comes to shopping online. While several online auction platforms exist, it’s important to look for an auction company that offers pick-up in your area. It’s also a good idea to choose an auction company that accepts returns. This helps ensure you aren’t stuck with defective items.

How It Works

When you shop with Lots Of Auctions, you join a community of thousands of bidders. Our online auctions feature a variety of home goods, kitchen appliances, kitchen lighting, and more. Almost anything you can find at the store, you can get through our online auctions. Bidding starts at just $5.00 and we offer auctions in both Denton & Dallas, Texas.

After registering to bid on our website, bidders can search for the auction they want on our home page or by location from our dropdown menu at the top of our website. Bidders have the option to place a one-time bid or a maximum bid. Entering a maximum bid allows the system to bid on your behalf up until the amount entered.

You have many options when shopping this holiday season. When shopping for kitchenware and appliances this Thanksgiving, be sure to check our online auctions first!

 

Got Questions About Our Online Auctions? We’ve Got Answers!

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Read on for answers to common questions about our online auctions:

How Do I Participate?

Before bidding, you will need to register to bid on our website. Registering to bid is free. Bidders pay nothing unless they win the auction. Once registered, you can view our online auctions on our website. Pick the location and category from the menu at the top of the screen. Click “Bid Now” to view all items in an auction. When you find something you like, you can choose to place a one-time bid or a maximum bid. The maximum bid option allows the system to bid on your behalf up to the amount entered.

Where/When Do I Pick-Up My Item(s)?

Check the online auction for the load out times and pick-up location. In most cases, winning bidders have one week to pick-up their items.

Can I Pick-Up My Item(s) After The Listed Date(s)?

We understand that things happen and you may not be able to make it to the location to pick-up your items on time. Please contact us before the final pick-up date to let us know you will be running late. Although we can usually accommodate your request to hold your items, this might not be possible in every situation. Failing to notify us before the final pick-up date might result in items being put back up for auction.

Do You Ship?

Please read the terms and conditions on each auction carefully. If you are unsure whether shipping is available for your item, please contact us before bidding.

Can I Buy It Now?

While some auction platforms offer the option to “buy it now”, this isn’t typical of most online auctions. All of our auctions are concluded after a countdown or timer has expired.

When Do More Auctions Start?

At Lots Of Auctions, we have new auctions starting every weekday. Auctions close every day. This provides an opportunity for bidders to win every day of the week!

Still have questions about our online auctions? View our FAQ by clicking here. Please click here to register to bid. Good luck and happy bidding!

 

 

 

Top 4 Reasons To Sell Through Online Auction

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There are many ways to sell your items. You can set-up a shop, sell online through your own e-commerce website, sell at swap meets and other open-air markets, or sell through social media sites like Facebook Marketplace. While all of these options provide their own benefits, nothing offers quite as many as selling through online auction.

There are numerous reasons to sell through online auction. Let’s take a look at the top four.

Sell Quickly

No one can resist the thrill and excitement of online auctions. These auctions move fast and often end within one week. Selling through online auction is one of the fastest ways to sell your items.

Reach a Large Number Of People

Selling through online auction allows you to reach a large number of people in very little time. Because these auctions take place online, bidders can participate when it’s most convenient to them.

When you list your items with an established auction company, you get access to their regular bidders. This can be a significant number of people.

Set Your Own Terms

When you sell through online auction, you set the length of the auction and the starting bid of each item. You can also determine when and where winning bidders pick-up their items. Sometimes, the auction platform will allow you to drop off your items for pick-up at their warehouse.

Buyers Have Equal Opportunity

In-person auctions are extremely competitive. Bidders are required to be present at a specific place and time. This can make it difficult for people to participate. It’s also difficult to get information about when and where these auctions take place. It’s often a very small group of people that turn up for in-person auctions.

Targeted marketing allows resellers to reach a large number of people within a specific area. This ensures the right people know about the auction. Bidders can participate when and where it’s most convenient to them, increasing the chance of sales.

We Love Resellers!

At Lots Of Auctions, we have lots of experience working with resellers! Please click here to apply to sell. Once we receive your application, someone will be in touch to discuss the process.

 

Avoid the Winner’s Curse

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It can be extremely difficult to determine the exact value of items in an online auction. Known as the Winner’s Curse, the fear of overspending on an item often keeps people from participating at all. Unfortunately, these potential bidders miss out on some pretty incredible deals.

Avoiding the Winner’s Curse isn’t as difficult as it seems. Although it’s not always possible to know the exact value of an item before bidding, there are some things you can do to ensure you don’t overspend.

Determine the “Common Value” Versus “Private Value” of An Item

Common value is the market value of an item. This might be the item’s MSRP or resale value. Private value is the perceived value of an item. While common value is the same for all bidders, private value varies from one bidder to the next.

For example, a collector looking for a certain piece will place a higher value on that item. This is especially true for hard to find and discontinued items. The collector may determine that the piece they want is “priceless”. Other bidders might not feel the same way. For the collector, the perceived value of the item is higher, making it more valuable to them..

When an item has a high private value, the Winner’s Curse is not a problem. Simply decide what you’re willing to pay to get what you want. This will likely be much higher than other bidders.

For common value items, consider how you would feel if you won the item for what you bid. Would you feel that you overspent? Set a specific budget for each common value item and stick to it. Don’t increase your maximum bid on any item, even if you get outbid.

What If The Item Doesn’t Meet Your Expectations?

Sometimes, despite your best efforts, you may purchase something that doesn’t meet your expectations. The item may be broken or missing parts. Make sure you shop with an online auction company that accepts returns.

Lots Of Auctions offers online auctions in Denton & Dallas, Texas. Auctions take place daily and bidders can choose from a variety of items and categories. Click here to register to bid!

 

 

Shop Our Online Auctions for Scary Good Deals This Fall!

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Autumn has officially arrived! This time of year brings cool evenings and falling leaves. It can also bring lots of extra expenses. From back-to-school shopping to preparing for the upcoming holiday season, many people find it difficult to stick to a budget during the fall. Fortunately, there are a few things you can do to save money this season.

Cook Seasonal Meals At Home

The average American dines out 5.9 times per week and spends around $3,500 on eating out every year, or around $300 per month. Save money this fall by preparing fresh meals at home. When shopping, take advantage of seasonal produce like squash, apples, and root vegetables. These hearty ingredients are readily available this time of year.

Tight on time? Consider making hearty soups and chilis and freezing portions for later. Utilize slow cookers, air fryers, and dehydrators to simplify cooking and reduce the amount of time spent in the kitchen.

Take Advantage of Fall Sales

Take advantage of back-to-school deals, Halloween sales, Black Friday sales, and Small Business Saturday for the best fall savings. In addition to these popular sales, many businesses offer autumn deals throughout the fall.

Shop Online Auctions For The Best Deals

Shopping through online auction allows you to save on just about everything you need. These auctions often feature a large selection of home goods, electronics, pet supplies, office supplies, furniture, and more.

When choosing an online auction platform, look for an auction company that offers a variety of items. Look for low starting bids. This will allow you to get what you need at deeply discounted prices. It’s also important to make sure you can register to bid for free.

Plan For Holiday Shopping Now

Planning your holiday shopping list early can help ensure you stay within your budget. Consider making a list of all of your gift recipients, gift ideas, and actual gifts purchased. Include a maximum budget for each gift. This helps prevent duplicates and ensures you don’t forget anyone or overspend on gifts.

Lots Of Auctions Has What You Need This Fall!

When shopping this fall, check out our online auctions for savings on everything you need. We offer a variety of gifts, kitchen supplies, and more. Bidding starts at ONLY $5.00!

Please click here for more information about our online auctions.

Start Getting Ready For The Holidays Now

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It’s officially Autumn and people everywhere are starting to think about the upcoming holiday season. If you haven’t started making plans, you might want to start now. Preparing early reduces stress during what is often the busiest time of year.

Plan Your Holiday Table

Thanksgiving will be here before we know it. Now is the perfect time to start planning your holiday table. Consider stocking up on décor, dishes, glassware, and kitchen appliances. Think about what you want to serve, how many guests you plan to have, and what you’ll need to replace before Thanksgiving Day. Many of these things will sell out the week before Thanksgiving. Shopping now ensures you’re well prepared.

Prepare Your Home For Guests

If you plan to have family or friends visit during the holidays, you might want to get new furniture, bedding, and towels before they arrive. These are the kinds of things people often forget to pick-up when things become chaotic during the holiday season.

Shop for Gifts

It’s not clear whether product shortages will be an issue this Christmas. Consider getting your Christmas shopping done now before the shops sell out. Shopping early also allows you to find the best deals. Many items go up in price around the holidays.

At Lots Of Auctions, we offer a variety of gifts including popular toys, home goods, kitchen appliances, and more. Bidding starts at $5.00 for most items.

Shop Our Online Auctions For Everything You Need

You have many choices when it comes to deciding where to shop. Shopping through our online auction provides an exciting, convenient, and cost-effective alternative to visiting the store. After registering to bid, bidders can browse through hundreds of items on our website. Bidders only pay for the auctions they win.

Lots Of Auctions offers online auctions in Denton, Dallas, and Fort Worth, Texas. Bidding starts low and bidders can participate from their smart phone, tablet, or computer. Once the auction closes, winning bidders can pick-up their items close to home.

Please visit our FAQ if you’re interested in learning more about our online auctions. You can register to bid by clicking here.

Look to Local Online Auctions For Kitchen Appliances

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Many people don’t like shopping for kitchen appliances. Department stores often have a large selection. With so many choices, it can be hard to know which version is best. People looking to save money while trying out different gadgets, could benefit from shopping through online auction.

Online auctions often include name brand products. Bidding starts low and bidders can typically get several items for less than they would pay for one full price appliance at their local department store.

Shopping local online auctions provides an even more convenient way to shop. While bidding takes place entirely online, winning bidders can pick-up their items right after the auction closes. This eliminates issues like shipping delays and lost packages.

When looking for an online auction platform to buy from, it’s important to look for a company that offers a wide range of products. While you may be shopping for kitchen appliances now, your needs may change in the future. It’s good to know you have options when shopping.

Although people buy a wide range of items from online auctions, the following are the most popular kitchen appliances offered through our online auctions.

Air Fryers

Air fryers mimic the results of conventional fryers, without the excess oil. The air fryer works like a super charged convection oven. Nearly 40% of all households have one of these popular appliances. If you don’t have one yet, you’re missing out.

Lots Of Auctions offers a variety of air fryers in our Kitchen Accessories Auction. Bidding starts low and bidders can get these popular appliances well below their MSRP value.

Coffee/Espresso Makers

Coffee makers have become extremely popular over the past few years. It makes sense when you consider how much most people spend at their local coffee shop. Home coffee makers and espresso machines allow you to make fancy drinks without leaving your house.

Countertop Ice Makers

Another popular appliance, countertop ice makers provide endless supplies of ice without the high cost or maintenance of expensive, full-size equipment. Many people enjoy the convenience of these small appliances.

Shop Our Online Auctions

Lots Of Auctions offers a large variety of kitchenware and kitchen appliances. Bidding starts at just $5.00 for most items. Please click here for more information about our Texas auctions.