Buying or Selling Assets on Auction can be beneficial to some Investors who prefer to sell or buy goods or services by offering them up for a Bid , taking bids and thus selling the item to the highest bidder or buying products and assets from the lowest bidder.

This Strategy requires a skill , you first have to familiarize yourself with how Auctions operate and the Terms and Conditions before starting . you must plan properly for your purchase or bid and have a scale measuring method that will determine your limits and know when to stop once that limit is reached , so that you don’t exceed your maximum limit.

Sellers have a starting price(Reserve Price)which is used to control the absolute minimum that they willing to let the Asset go,as a Buyer you should never get emotionally involved in a deal as you may end up Over-bidding and buy out of your budget plan.