Are you thinking about bidding at a mid century auction but uncertain where to start?
Auctions can offer a thrilling mix of discovery and competition. With the right preparation, you can score a timeless piece for your own personal collection. Whether you are a seasoned collector or stepping into an auction house for the first time, consider these steps to help you confidently navigate the process.
Step 1: Research Before Auction
Familiarize yourself with the auction inventory. Many auction houses post online catalogs with descriptions and starting bidding prices. Make sure to:
- Prioritize your wish list based on style, brand and estimated value.
- Check online marketplaces to understand fair market prices.
- Set a firm budget to prevent getting caught up in the excitement of the auction.
- Factor in additional costs, such as the buyer’s premium (typically 16-23% of the final bid, taxes and potential shipping fees.)
Tip: The “hammer price” refers to the final accepted bid. Remember, extra fees apply, so budget accordingly.
Step 2: Pre-Auction Preview
If available, visit the auction house to inspect items in person before the event. Walking through a warehouse filled with iconic mid-century modern pieces is an experience in itself. Every piece tells a story from Scottish furniture maker McIntosh of Kirkcaldy to British brand G Plan. Spotting a G Plan Fresco teak coffee table—just like the one in Don Draper’s office in Mad Men—can be a moment of sheer excitement.
Listings and photos don’t always reveal the full conditions of the piece. When evaluating the furniture:
- Check for structural integrity, such as functioning drawers or doors shut flush.
- Look for manufacturer labels that confirm the authenticity.
- Measure the dimensions to ensure the piece fits in your space.
- Assess wear and tear, such as dents, dings and scratches, to determine whether imperfections add character or require restoration.
- Ask questions onsite and take steps to ensure the lot meets your satisfaction before bidding.
Step 3: Think Strategic on Auction Day
Arrive early to register and secure a good viewing spot. Expect bids from in-person, online, absentee and phone bidders. Also, retailers and dealers with different intentions and sometimes budgets may also be present. Consider these tips:
- Observe the first few lots to get a feel for pace and pricing.
- Start with smaller bids to build confidence.
- Bid confident and clear to signal serious intent.
- Stick to your budget and know when to walk away.
An experienced auctioneer can be the event’s true star. Their rapid-fire speed, commanding presence and seamless control make every bid momentous. The slam of the hammer adds to the charged atmosphere.
Tip: If you’re eyeing a sleek mid-century sideboard, decide your maximum bid in advance. If the price climbs past your limit, let it go. Another perfect piece will come along.
Step 4: Finalize Purchase and Bring It Home
Once you’ve won a bid, be prepared to pay the same day. Most auction houses accept credit cards (check to see if fees apply), cash and checks. Third-party shipping services are often available. If shipping, confirm costs and delivery timelines before finalizing your purchase.
Tip: Bring a friend and a roomy vehicle to help load your treasures.
Ready to start bidding?
Mid-century modern auctions offer a great opportunity to bring history into your home while enjoying the community and excitement of the process. Whether you win big or walk away with lessons for next time, each auction sharpens your skill set. But with the right research, strategy and mindset, you’ll be well on your way to scoring iconic pieces—and maybe that dream McIntosh teak sideboard!
For more Melanie, find her website and LinkedIn. To learn more about Mid Century auctions, read State of the Art, about the kind of modern art an auctioneer who specializes in MCM is seeing these days. And of course, don’t forget to follow us on Instagram, Facebook, Pinterest and YouTube for more Atomic Ranch articles, house tours, and ideas!
