What must bidders do to participate effectively at an auction?

To participate effectively at an auction, bidders must register in advance and have a clear understanding of the auction terms. This preparation is crucial because registration typically allows bidders to obtain a bidding number, which is often necessary to place bids during the auction. Understanding the auction terms—including the minimum bids, buyer's premiums, payment methods, and any specific rules or conditions regarding the items being auctioned—ensures that bidders are well-informed and able to make strategic decisions throughout the auction process.

Being properly prepared not only boosts confidence but also minimizes the risk of misunderstandings that could arise due to unfamiliarity with the auction's rules or procedures. This timely registration and knowledge of the terms enable bidders to engage effectively in the bidding process, ensuring they don’t miss out on potential purchases due to oversight or lack of preparedness.