If you are interested in buying antiques and other interesting items at auction and want to get a feel for how it works, then you will do worse than to watch one of the numerous TV programs that are currently available in this category.
One of the most popular TV shows, Flog It, has actually reached 1000 episodes. The show airs on an afternoon on BBC1, and involves contestants from around the country competing with each other at auction.
The idea is that they first of all go to a car boot sale or flee market and pick out a few pieces. They have a limited budget, so they need to pick wisely. Each of the two teams has a guide with some expertise in the industry and they provide them with advice about what they choose. Once they are happy with their selection, they then go to the auctioneers and try to sell their items. They team with the biggest gains on their purchases at the end of the day wins.
With more than 2 million viewers tuning in every day, it just shows you how popular auctioning has become – and sometimes they have some incredible finds.
People can also attend on the day to get their items valued by experts in the field. This has led to some incredible finds, including an Aboriginal Broad Sheild that sold at auction for an amazing £30,000 and a Royal Doulton figure that was discovered at one of the car boot sales, purchased for a measly £2, and sold at auction for a fantastic £5,000.
There really is no end to the value you can get from buying and selling at auctions, but having that little bit of extra knowledge about how it all works can make all the difference.
Doing your research is one of the most important aspects of auctioneering because it will give you the ability to spot some bargain finds before other people can get their hands on them.
The show is presented by Paul Martin, and the team have come up with many more finds over the years. Some Russian Faberge Painted Bronze Figures are amongst the good finds – with a value of around £25,000.
It has been aired around the country, and continues to be shown on BBC1.
If you think you have what it takes to go on the show, why not apply to be a contestant.
Failing that, if you have something to sell, why not look up and discover when a Flog It valuation day is coming near you. You can get one of their experts to price up your goods and see what they are worth. It will be a fantastic day out and well worth attending whether you have something to sell or not.