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Founded over four decades ago, Born Sub A Stas offers over 60 auctions annually. Born Sub A Stas auctions reach an international audience and showcase the unique, rare, and beautiful in dozens of categories, including the fine and decorative arts, jewelry, contemporary design, musical instruments, science and technology, wine, and Many More.

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Alternative Uses For Your Garage

Garages are one of the most flexible rooms in your entire home. They may not have the ability to become something like a kitchen without a bit of work, but they can pretty much be turned into any other room if need be. The flexibility of the garage is what makes the room such an asset to any home with it. A garage can be made into a variety of different sorts of usable spaces, which allows home owners to really show their creativity in making it a productive and useful space. When it comes to the different ways to use the space there are almost no limits, but it never hurts to read about a few in order to get some inspiration.

One popular usage of an extra room, garages included, is as a home gym. Everyone it seems is always trying to find more time in their day and everyone is also looking to live a more healthy lifestyle. A home gym helps you tackle both at once. Putting a gym right inside your home means no more excuses and no long trips to the gym. It’s a recipe that, if stuck to, can really improve your life in a variety of ways. The garage is perfect for a home gym because it is incredibly open allowing for machines or just room for general exercise. The garage door also means that machines can be moved in and out easily where they might not be able to get into the rest of your house. As long as you aren’t in need of a garage door repair there is a good possibility that you could set up a home gym in just a matter of minutes.

Another garage use that is pretty common is the home office. The home office again means that you can spend less time going to an office or shuffling through papers in a makeshift office you might have set up in your home. The garage can become a real dedicated space for work and productivity. It will give you a place just removed from the home to hopefully block out the things that you might often get distracted with. This means no commute and more efficiency in both the home and work realm. If you have a job where this is an option for then it is certainly something to look into. Likewise if you run your own business then a home office is nearly essential to keeping on top of things.

The last alternative usage for a garage is as a bedroom. A bedroom in a garage is a pretty standard short term solution to a number of problems. If you have family staying with you for a short time, a new renter, or just need to give kids a separate bedroom then you might feel like going the garage bedroom route. One of the big pluses of the garage bedroom is the ability to give it its own entrance. If it is an older relative or child who feels they need an outside entrance then as long as you don’t need a garage door repair they should be living easy and moving in and out as they please.

How does a Bidding Work?

Bidding is an offer that is given to set a price for a service or product. At an auction, you can bid for the goods, such as a wood wine bottle holder, that are being sold, and the person who has offered the highest amount gets the product. The process of bidding is used to decide the value or the cost of a product. Anyone can do the bidding. You can either be a buyer or a supplier of a service or product. The price that an individual is willing to pay at an auction is called a bid.

Bidding at an auction is like a tournament. You will have competitors, the umpire(auctioneer), spectators, game plan, rules and conditions, winners and losers. Bidding is not as easy as it sounds. Many think that at an auction you just have you can call out a number you have in mind, and you can get the product. But there is a lot more than just calling our numbers; bidding involves psychological tricks and strategies.

Bidding

Public auction bidding:

Usually, the current value of the product or service is displayed on the listing page, and you can use Automatic Bidding which is also known as Proxy Bidding to place your bids at a public auction.

If you have made up your mind to bid on the listing, then you need to enter the highest amount you are willing to pay for the product. Once the auctioneer approves you as a valid bidder and if any other person does not outbid the bid you have placed then you are entitled as the owner of the product after you pay the price of the product.

Hammer Price:

The hammer price at an auction is the price that the auctioneer announces during the time of the hammer fall. The hammer price is more like the winning bid of the product at an auction. The hammer price seals the deal, but it does not include the buyer’s premium. The term hammer fall is used when a bid is finalised, and the person who bid for the highest amount will get the product.

The following are some of the things to keep in mind while bidding:

  • The auctioneer makes the final call. So when the auctioneer says that a product is sold, you cannot reverse that. You need to be cautious and pay attention to what is going on in the auction. Otherwise, you will miss your opportunity to buy something you wanted.
  • When you are the highest bidder, only if you pay the price for that particular product or service you are entitled as the owner of the product.
  • You can leave the auction any time you want. It is not compulsory for you to stay until the entire sale gets over.

The Buyer’s Premium:

The buyer of the product has to pay a charge to purchase at an auction. The fee allows the company to offer a commission to the seller.

General Rules of Auction

Auctioning is the process of selling and buying goods or services by offering a bid or taking bids. The service or products are then sold to the bidder who ventured for the highest money. The participants at an auction can bid openly against each other, and each subsequent bid has to be higher than the bid which was told earlier. An auctioneer is a person who announces the prices, and they sometimes call out the offer on the bidder’s behalf.

Rules of Auction

The following are some of the general rules of an auction:

Owner of the product must not bid during the auction:

The owner of the goods or service must not bid or employ someone to venture during the sale. The auctioneer will not accept offers from people who are related to the owner of the product. At the auction, if the owner of the goods or any person who is related to the owner bids at the sale, the sale is stopped right at the instance and this rule is defined as per the Consumer Protection Act.

Auctioneer announces the completion of the auction:

You can say that a sale in an auction is complete only when the auctioneer announces the completion of the sale. He does this by hitting his hammer on a desk. If there is any other customary manner, until that procedure is done, the bid may still be retracted.

The announcement of the reason for the auction:

It is the duty of the auctioneer during the sale to announce the reason for the auction. The auctioneer does not declare this reason unless it is a voluntary disposal of property by the seller.

Entitlement of possession:

The bidder will not be entitled to ownership to the products or services he bid till he has paid the entire cost of all his purchases by bank guaranteed cheque or cash. Without paying the cash, the bidder will not be considered as the owner of the product that was auctioned.

Failure of making the purchase:

Suppose there is an event where the purchaser does not pay the full price within the given time, or if he fails to follow any other conditions of the sale, then the purchaser must pay a fine which is about 10 percent of the total cost of conducting and advertising the auction. Sometimes the purchaser must pay 10 percent of the total purchase price of the product.

Conditions of Sale:

Each and bidder at the auction must read the Conditions of Sale. They can also attend the reading of the condition of sale by the Auctioneer. A person who has not read the terms of purchase or heard the same must refrain from bidding.

Lower bid:

In case no one bids for a product, then the property should be withdrawn from the auction, and the seller should instruct the auctioneer to accept a lower bid.