Bidding More Precisely: Revised Richard Borgens

In the dynamic and competitive world of auctions, bidding with precision is paramount. Auctioneers who master the art of accurate bidding gain a significant advantage in securing profitable results for their clients. Richard Borgens, a renowned auctioneer and author, has revised his seminal work, "Bidding More Precisely," to provide auctioneers with the most up-to-date strategies and techniques for bidding with unparalleled accuracy.

Bidding More Precisely: Revised

by Richard B. Borgens

5 out of 5

Language	:	English
File size	:	787 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	138 pages
Lending	:	Enabled
Paperback	:	198 pages
Item Weight	:	10.4 ounces
Dimensions	:	6 x 0.5 x 9 inches

FREE

The Significance of Precise Bidding

Precise bidding is not merely about placing the highest bid; it is about determining the exact amount necessary to win an auction while maximizing profit. Auctioneers who bid precisely save their clients money and increase their chances of acquiring desirable assets. Conversely, imprecise bidding can lead to overpaying or losing out on opportunities, resulting in financial losses and missed opportunities.

Key Strategies from "Bidding More Precisely"

Richard Borgens' revised edition of "Bidding More Precisely" offers a comprehensive set of strategies and techniques to enhance bidding accuracy. Some of the key strategies include:

1. Bid Increment Optimization

Borgens emphasizes the importance of optimizing bid increments to maximize profit. By carefully considering the auctioneer's starting bid, the current bid, and the expected selling price, auctioneers can determine the optimal bid increment that balances the need to win the auction with maximizing profit.

2. Bid Capping

Bid capping is a crucial strategy for controlling bidding and avoiding overpaying. By setting a maximum bid amount, auctioneers can prevent themselves from getting carried away in the heat of the moment and bidding beyond their intended limit.

3. Pattern Recognition

Experienced auctioneers develop the ability to recognize bidding patterns and anticipate the next bid. By observing the bidding history and the behavior of other bidders, auctioneers can make informed predictions about future bids and adjust their bidding strategy accordingly.

4. Emotional Control

Auctions can be emotionally charged environments. Borgens highlights the importance of controlling emotions to avoid impulsive or irrational bidding. Auctioneers must remain focused on their predetermined bidding strategy and avoid letting their emotions cloud their judgment.

Real-World Examples and Case Studies

The revised edition of "Bidding More Precisely" is not merely a theoretical guide; it is packed with real-world examples and case studies that illustrate the application of the strategies discussed. These examples provide valuable insights into how auctioneers can implement these techniques in various auction scenarios.

Benefits of Using "Bidding More Precisely"

Auctioneers who adopt the strategies outlined in "Bidding More Precisely" can expect to reap numerous benefits, including:

• Increased bidding accuracy
• Maximized profit margins
• Improved client satisfaction
• Reduced risk of overpaying
• Enhanced reputation as a skilled auctioneer

Richard Borgens' "Bidding More Precisely" is an invaluable resource for auctioneers seeking to enhance their bidding accuracy. The revised edition provides the latest strategies and techniques, supported by real-world examples and case studies. By applying the principles outlined in this comprehensive guide, auctioneers can significantly improve their performance and gain a competitive advantage in the dynamic world of auctions.

Whether you are a seasoned auctioneer or a newcomer to the industry, "Bidding More Precisely" is a must-read. Its insightful strategies and practical advice will empower you to bid with precision, maximize profit, and achieve exceptional results for your clients.

Bidding More Precisely: Revised

by Richard B. Borgens

5 out of 5

Language	:	English
File size	:	787 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	138 pages
Lending	:	Enabled
Paperback	:	198 pages
Item Weight	:	10.4 ounces
Dimensions	:	6 x 0.5 x 9 inches

FREE