How Does an Auction Work? – Collecting 101 (Pristine Auction)



In this episode of collecting 101, Jared Kavlie talks to you about all the ins and outs of how an auction works: how to win an auction, what shill bidding is, how to find a trusted auction, the difference between lots and auctions, max bids, no reserves & more.

Understanding how an auction works is essential to your success in bidding. What’s also vital is knowing which auction house to bid with based upon their reputation, legitimacy, and practices.

Be sure to watch so you can have confidence the next time you bid on sports memorabilia and collectibles.

0:26 – What is consignment?
0:46 – Auction House Integrity
2:00 – Auction Terminology
2:06 – Maximum Bid
2:50 – Lots vs Auctions
3:27 – Second Chance Offers
4:20 – Starting Bids & Reserve Prices
5:28 – Shill Bidding
6:44 – Real Life Bidding Scenario (Bid increments, Max Bid, Sniping, Extended Bidding)
7:52 – Extended Bidding
8:24 – Sniping
8:33 – Max Bid
8:56 – How to Win an Auction

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Don’t forget to leave a comment and let us know what else you want to know about sports memorabilia collecting. This series is educational and is intended to provide you with the basics of sports memorabilia collecting.

Thanks for watching!

Be sure to LIKE & SUBSCRIBE so you never miss out on our sports memorabilia videos, mystery box videos & giveaways!

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#PristineAuction #SportsMemorabilia #howauctionswork

37 comments

  1. Are the NFL jerseys real? Cause I don't see the team name or NFL shield on the front of them near the collarbone area

  2. Hey I had a question about the signed tokio funko pop that was at auction acouple days ago I think I saw it sold at 215 and I see another one available for auction just wanted to know if that was the same one or is there multiple of that pop

  3. Pristine auction will not answer your messages if there is a problem with you receiving your merchandise!!! BEWARE OF PRISTINE!!!

  4. Make sure you do research on the Mystery Boxes you buy. I know that they are supposed to be a mystery and its random what you are going to get, but when i am spending 300$ on one of your mystery boxes you should at least include 1 good card. I bought the 10x Mystery Ink Mixed Edition. In this box you are to get at least 5 autos and some relic or inserts. The auto's i received in this box were: Kevin Parks (2014), Miguel Almonte (2015), Matt Jones (2015), Tyler Krieger (2015), Yawin Smallwood (2014), and a Austin Wilson (2013). Can anyone on here tell me who these guys are. I would have expected at least 1 good hit. Not even the other cards were good. I think the best card I got was a Brad Richards Game Jersey Patch Card and the corners were bent. So unacceptable. Will not be buying from them again. i got maybe 40-50$ worth of cards for 300$ lol, but hey you live and you learn.

  5. How an E-bay auction works:

    Step 1: Find the item you want

    Step:2 Outbid the high bidder with :01 left in the auction.

  6. Okay. I just tried to bid on your site with about 15 seconds left. I entered all of my information and entered my max bid. When I went to hit confirm bid though, nothing happened and the auction ended. Tips?

  7. I’m about to hit 2 weeks since my first purchase and I have won 7 items and I’m happy with the prices so far. I just hope the shipping is reasonable once I ship the entire group together.

  8. How can I convince my parents to let me get something from you guys? I want to get something but they don’t think you guys are legit

  9. What about these weekly giveaways? I just spent $700 on your site and I want something for free just as much as everyone else damnit lol

  10. I don't like the maximum bid I understand the need for it in a online auction setting would like to see some auctions done with out a maximum bid fail safe would be really fun and I also have to disagree with you on maximum bids being the best way to win auctions at lest for me it takes the thrill and competition out of it

  11. So today I found out I’ve been “sniping” more than Wesley lol. I started collecting sports memorabilia last year for my two sons. PristineAuction is the only place I’ve dealt with online since I started. I’ve won 15 auctions by sniping😂😂🤣

  12. Hey, love the name😂 I’m hoping to buy some items, but I need to convince my dad your a reliable source.

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