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Articles by Hiren Soni

How Do Car Auctions Work? Your Complete Guide for Bidding process

How Do Car Auctions Work? Your Complete Guide for Bidding process

Thinking about buying a car at auction? If so, you’re not alone. Many people are now turning to car auctions to find great deals on used vehicles. But how do car auctions work? Understanding the process is key to making informed decisions and scoring a great deal. In this article, we’ll break down how car […]

What Is a Buyer’s Premium? A Detailed Guide

Unlocking What Is a Buyer’s Premium: A Complete Guide

Let’s start with the Buyer’s Premium definition. What is a Buyer’s Premium? It’s a term commonly used in the auction industry to describe an additional fee or percentage that buyers must pay on top of the final hammer price of an item. Essentially, it’s a surcharge, typically expressed as a percentage of the hammer price, […]

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Silent Auctions Demystified: Your Ultimate Guide to Success

Welcome to the exciting world of silent auctions! If you’re wondering what is a silent auction, it’s a fundraising event or sales format where bids are placed privately rather than openly. Whether you’re a nonprofit organization raising funds for a charitable cause or an entrepreneur looking to create a unique online marketplace, hosting a silent […]