The Top Myths About Online Auctions Debunked

Do you love the thrill of seeking out vintage comic books, antique furniture pieces, or other items you can find at auctions? Whether you’re an old hand at bidding at auctions or you’re just curious about them, it’s never been easier to get the experience of an auction from the comfort of your couch as online auctions are becoming more and more popular!

Excited to check out what we have to offer at our online auctions in Monmouth Junction, NJ, and surrounding areas? Before you start bidding online, make sure you read up on these online auction myths.

Myth #1: Experience Is Required

One of the first concerns many people have about online auctions is that they have to be technologically experienced or know their way around auctioning in order to make a profit — or find a deal. With Bodnar’s Auction, we make it as easy as a few clicks to make your way to online bidding — and even easier to ensure your item safely arrives at your doorstep once you’ve won your bid!

Myth #2: Listing Is Expensive

Some sites and auction houses do charge a large fee to list or sell your items at auction. However, when you sell or buy with Bodnar’s Auction, your listing fees are minimal, so you can actually make money or find that perfect deal you’re looking for. 

Myth #3: You’ll Get “Swindled”

Regardless of if you’re beginning a collection of vintage comic books, finding the perfect buyer for your family’s priceless Ming dynasty vase, or looking for the last piece in rare silver dollar series, you likely have one thing on your mind — making sure you receive, or pay, a fair price for what you’re selling or buying. Many people are hesitant about online auctions because, in the olden days, the Internet served as a “wild west” of scammers and other ne’er-do-wells trying to make a quick buck.

However, we can reassure you with two pieces of information. First, the online world is much safer these days, with banks and institutions such as PayPal offering purchase protection to keep you safe against any online misdealings. Second, choosing the right auction house means you will not get scammed or swindled. Not only is our staff here to protect you, but we also require identifying information from sellers, meaning that thieves, scammers, and other shady characters can’t get away with trying to con you out of your hard-earned cash. We stand behind what we sell you. You can bid with confidence that you are getting what you are bidding on. Unlike other auctions that sell as-is items, we take the time to curate what’s available to bidders.

Myth #4: My Bid Won’t Win

If you’re new to the realm of auctions, you’re probably hearing the rapid-fire voice of an old-timey announcer in your head as they announce everything is SOLD! To the highest bidder. And with this kind of rapid pace, there’s no chance you can afford what you want, right? Wrong! If you’re thinking, “why bid if I won’t win?” remember: that’s what everyone’s thinking! If no one bids, then no one wins — don’t miss out on an awesome chance by psyching yourself out.

Myth #5: Auctions Are for Aristocrats

Another auction myth to watch out for is assuming that auctions are for the upper class or only deal in selling art, furniture, and other estate-sale fodder from years gone by. In fact, when people hear the word auction, sometimes they tend to associate it with prices they can’t afford. This is not only untrue but also means you could be missing out on finding pieces for collections of things like vintage toys, comic books, records, and more! Auctions aren’t for aristocrats — they’re for anybody who loves the fun of hunting for rare and interesting stuff.

Find Fun — or Funds — at Bodnar’s!

Bodnar’s Auction is Central NJ’s largest auction house, and we’re ready to help you make online auctions easy and fun for you! Whether you’re looking to buy or sell, we can help you make it happen. Get in touch with our team today and let us know how we can help.