How to Buy Fine Art & Jewelry at Auction Without Overpaying
At Robinhood Auctions, we believe the thrill of acquiring exceptional art and jewelry should be accessible—and smart. Whether you're a first-time bidder or a seasoned collector, knowing how to navigate the auction process can help you make confident purchases without overpaying. Here are five key tips to help you win wisely:
1. Set Your Maximum Budget in Advance
Before the bidding starts, decide on your maximum bid for each item you're interested in—and stick to it. It's easy to get caught up in the excitement of the live auction, but having a firm budget helps you avoid regret.
2. Understand the Estimate Range
Auction estimates are there to guide you. They're based on market research, past sales, and condition. While items may sell below or above the estimate, this range is your starting point for gauging fair market value.
3. Factor in the Buyer’s Premium
Remember, the final hammer price isn’t your total cost. Auctions typically include a buyer’s premium (a percentage added to the winning bid), plus applicable taxes and shipping. Check these fees in advance so there are no surprises.
4. Research the Item’s Market Value
Use auction databases, past sales records, and appraisals to get a sense of what similar pieces have sold for. At Robinhood Auctions, we also provide high-resolution images and detailed descriptions to help you make an informed decision.
5. Don’t Be Afraid to Bid—But Bid Strategically
Start strong if you're serious, but don’t chase bids too aggressively. Know when to walk away. The right piece at the right price will come along—and it might even be in our next auction.
Final Thought:
Buying at auction is one of the most rewarding ways to build a collection. With the right knowledge and strategy, you can acquire beautiful, investment-worthy pieces with confidence. Explore our upcoming auctions here.
