How Does an Auction Work? - Collecting 101 (Pristine Auction)

In this episode of collecting 101, Jared Kavlie talks to you about all the ins and outs of how an auction works: how to win an auction, what shill bidding is, how to find a trusted auction, the difference between lots and auctions, max bids, no reserves & more.
Understanding how an auction works is essential to your success in bidding. What's also vital is knowing which auction house to bid with based upon their reputation, legitimacy, and practices.
Be sure to watch so you can have confidence the next time you bid on sports memorabilia and collectibles.
0:26 - What is consignment?
0:46 - Auction House Integrity
2:00 - Auction Terminology
2:06 - Maximum Bid
2:50 - Lots vs Auctions
3:27 - Second Chance Offers
4:20 - Starting Bids & Reserve Prices
5:28 - Shill Bidding
6:44 - Real Life Bidding Scenario (Bid increments, Max Bid, Sniping, Extended Bidding)
7:52 - Extended Bidding
8:24 - Sniping
8:33 - Max Bid
8:56 - How to Win an Auction
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Don't forget to leave a comment and let us know what else you want to know about sports memorabilia collecting. This series is educational and is intended to provide you with the basics of sports memorabilia collecting.
Thanks for watching!
Be sure to LIKE & SUBSCRIBE so you never miss out on our sports memorabilia videos, mystery box videos & giveaways!
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Follow us:
Instagram: pristineauction
Facebook: pristineauctions/
Facebook Community: groups/869774636458686/
Twitter: PristineAuction
#PristineAuction #SportsMemorabilia #howauctionswork

[@PRISTINEAuction1]

Be sure to LEAVE A LIKE & SUBSCRIBE!

[@michaelschmidt8197]

I know this is pretty basic, but I’d love to learn the process of getting cards graded....rookie, I know.

[@wadehorne]

Take a look at the various types of cards and card related functions. What cards are good? What makes it good? Will it grade well? What's a parallel card? What does #/10 mean? Who makes cards? Are there fake cards? Where can I find the value of my cards? How can I sell my cards? Autographed cards? Protecting cards. You could have a "Jared's Tricks of the Trade" section each video and give us some secret detail you learned from working the business.

[@rochlambert3256]

Great video Jared! I'm now officially addicted to your site. Went thru my inventory today. I spent over $7000 in the past 7 months! I think I need an intervention 😄😄

[@favrerules04]

How an E-bay auction works: Step 1: Find the item you want Step:2 Outbid the high bidder with :01 left in the auction.

[@benjaminforsythe8870]

Anyone who is just starting out to bid at any auction site should 100% watch this video

[@zombsfan1954]

Your website is nice, and the authentic slip makes it feel good

[@PRISTINEAuction1]

Glad to hear that! Thank you 👍

[@ibracadabraroot]

I’m about to hit 2 weeks since my first purchase and I have won 7 items and I’m happy with the prices so far. I just hope the shipping is reasonable once I ship the entire group together.

[@user-pp8ly2wn6t]

Marvelous work! The video is brilliant and provides all the necessary information. I like this site. Thanks for sharing this useful post. Thanks for the effective information.

[@Gilbert11jones]

What about ‘shill’ bidding yourselves? Making sure you hit a certain price point

[@get_the_fawkes_out]

Always appreciate your videos. Thanks Jared!

[@PRISTINEAuction1]

Thanks for watching!

[@bradykack2028]

got a bunch of stuff from the site. gets you hooked right away cuz its so fire.

[@PRISTINEAuction1]

That’s awesome to hear! Thanks!

[@iamjared98]

Hey, love the name😂 I’m hoping to buy some items, but I need to convince my dad your a reliable source.

[@devincampbell1342]

Il give you my word that iv used pristine auction for birthdays and Christmas and love the stuff I get off it signed Packers jerseys signed checks from the 50s game used jerseys art I havnt been disappointed once

[@iamjared98]

@@devincampbell1342 ok thanks for your input

[@PRISTINEAuction1]

Thanks! Tell him we have an A+ BBB Rating & we work with the leading authentication companies to ensure all items offered are 100% authentic. He can also check out the FAQs page on our site for more info! 👌

[@CSmelser]

One of your best informative videos so far

[@kenziemiller9440]

I have Been auctioning on this for several years

[@tennesseetitans9113]

I love the Auction an all your guys videos.

[@travisrosenkoetter2509]

Sinister is definitely the scariest movie

[@liamanderson7188]

Okay. I just tried to bid on your site with about 15 seconds left. I entered all of my information and entered my max bid. When I went to hit confirm bid though, nothing happened and the auction ended. Tips?

[@Scorpius-Gamer]

Nice video Jared! I know in the video you said all items being sold are Co-signed. Does this mean items you give away during monthly give aways or weekly give aways are also co-signed for you all to give away or owned directly by you/PA? I always wondered that.

[@devincampbell1342]

I don't like the maximum bid I understand the need for it in a online auction setting would like to see some auctions done with out a maximum bid fail safe would be really fun and I also have to disagree with you on maximum bids being the best way to win auctions at lest for me it takes the thrill and competition out of it

[@rexxpsycho]

I been on your app for about 2 months I've won over 30 things and I think y'all could do better with the packaging when it comes to funko pop I've had already 2 funko pops come in damaged

[@MaddoxW751]

do I get money back if outbid

[@jcbuckeye]

I need help I won 2 items last night and I'm having a very difficult time reaching someone that would help me. It will not let me log in it will not let me put a card on file I reset my password and it still says incorrect

[@dabsandwoods9572]

Hey I had a question about the signed tokio funko pop that was at auction acouple days ago I think I saw it sold at 215 and I see another one available for auction just wanted to know if that was the same one or is there multiple of that pop

[@gavinmccullough7118]

10 minute auctions are my favorites

[@PRISTINEAuction1]

They’re really fun!

[@joevazquez1277]

Hey what do you guys take for payments do you guys take Apple Pay or debit

[@samuraithegame1215]

If there is a thing I bided on but I don’t want what do I do

[@jackrubin8595]

How much does Willie Shields Corey Dillon and Billy sims go for combined

[@jonborn48]

Is there a separate cost for shipping? How does that work?

[@rod1723]

LETS GOOOO. This then a giveaway next

[@benjaminforsythe8870]

Great video.

[@georgegonzalez165]

What does that yellow highlighted bid mean ?

[@richardtownsend910]

A Nolan Ryan card is on auction that says it is PSA 10, but it does not look like a 10, one side of the card is very bad so why is this out up as a PSA 10? thank you

[@fire-heat0657]

Just don’t buy it cuz

[@mrbadger9377]

So you don't have to pay for the bid just if you win

[@jonahklein8582]

How can I convince my parents to let me get something from you guys? I want to get something but they don’t think you guys are legit

[@PRISTINEAuction1]

Definitely have them checkout our website & our FAQs page which offers a lot of great info! They can also look at our reviews on google 👍

[@jonahklein8582]

@@PRISTINEAuction1 thank you! Will try

[@calebarmas7818]

Question so when you have won multiple items how do you pay for only 1 of then

[@PRISTINEAuction1]

Reach out to our support team about this & they’ll be able to split payment: [e-mail] 👍

[@CArsonVevo]

So today I found out I’ve been “sniping” more than Wesley lol. I started collecting sports memorabilia last year for my two sons. PristineAuction is the only place I’ve dealt with online since I started. I’ve won 15 auctions by sniping😂😂🤣

[@lemmetellyousomething8756]

How much does like the shipping cost?

[@luismelendez4370]

Make sure you do research on the Mystery Boxes you buy. I know that they are supposed to be a mystery and its random what you are going to get, but when i am spending 300$ on one of your mystery boxes you should at least include 1 good card. I bought the 10x Mystery Ink Mixed Edition. In this box you are to get at least 5 autos and some relic or inserts. The auto's i received in this box were: Kevin Parks (2014), Miguel Almonte (2015), Matt Jones (2015), Tyler Krieger (2015), Yawin Smallwood (2014), and a Austin Wilson (2013). Can anyone on here tell me who these guys are. I would have expected at least 1 good hit. Not even the other cards were good. I think the best card I got was a Brad Richards Game Jersey Patch Card and the corners were bent. So unacceptable. Will not be buying from them again. i got maybe 40-50$ worth of cards for 300$ lol, but hey you live and you learn.

[@hakeemscott1447]

How does your mystery boxes work?

[@pyro5263]

I WON!!!

[@pyro5263]

I'm also a sniper... sorry 😏

[@BeeReaves1]

Are the NFL jerseys real? Cause I don't see the team name or NFL shield on the front of them near the collarbone area

[@PRISTINEAuction1]

Great question! We have all types of jerseys on our site, from on-field, to game used, nike, adidas, custom, etc. The custom jerseys are usually a blank jersey with the team color & the player name & number stitched on. These jerseys are super popular in the sports memorabilia world because they allow people to collect signatures from their favorite players for a fraction of the price. Hope this helps! 👍

[@BeeReaves1]

@@PRISTINEAuction1 I get that I just couldn’t wear a jersey without a team name on it lol

[@landon___-]

i’m getting my first items soon what does pending shipment mean

[@sarahsanchez8017]

hey for the maximum bid, how the hell does that work. cause it'll be at 20 and I'll put 21 and I'll be outbid. How does it work??

[@caseywolff3489]

I’m having problems making a account help?

[@PRISTINEAuction1]

Please e-mail [e-mail] and we can help!

[@mytimebytony2315]

Thank you for this video! It explains a lot!! I thought you guys were a rip off lol

[@PRISTINEAuction1]

Glad it clears things up 👍

[@seaofthieverroyal5630]

Will you ever do give aways?

[@PRISTINEAuction1]

We do giveaways all the time! We have a couple going right now! Check out some of our recent videos to see what they are 👍

[@seaofthieverroyal5630]

Thanks 🙏

[@johnelkins7872]

so say you get outbid do you get that money back ?

[@PRISTINEAuction1]

If you get outbid, you don’t lose any money 👍

[@liamshelton9338]

Do you have or are you thinking of creating a mobile app

[@PRISTINEAuction1]

Definitely! It’s in the works 👍

[@Jbeebe6]

IT WONT LET ME BID

[@jovantejohnson3270]

I still cannot receive my email verification. Can anyone help me!

[@jeremypalaby9356]

Support responses have been taking 5+ days in my experience so far.

[@liamanderson7188]

How long does shipping take?

[@PRISTINEAuction1]

After payment, it’s usually 3-5 business days!

[@liamanderson7188]

@@PRISTINEAuction1 Okay. I just tried to bid on your site with about 15 seconds left. I entered all of my information and entered my max bid. When I went to hit confirm bid though, nothing happened and the auction ended. Tips?

[@trentonwright8036]

How do I know when I won

[@PRISTINEAuction1]

You’ll receive notifications 👍

[@carlosvz8716]

Hello, do you ship to Mexico?

[@PRISTINEAuction1]

Hi! Yes we do 👍

[@curtis2853]

How come you guys don’t have an app?

[@gar__96yt19]

i dont like how pristine do 2nd chance offers

[@joserivera416]

Yeah I thought all bids are final and then u get a 2 nd chance . Are they bidding against you and they win there own stuff ?!!

[@thatoneguywithayoutubechannel]

@@joserivera416 I honestly think they are every time I place a bid I get out bid instantly even with a fresh auction that doesn’t expire for a week.

[@zollmane]

👍

[@CollinBeBallin]

First

[@gregoryhendrix8163]

Pristine auction will not answer your messages if there is a problem with you receiving your merchandise!!! BEWARE OF PRISTINE!!!

[@justinsena2558]

Pristine Auction guy: "If you want to know you can trust an auction house, just Google the name of it plus 'reviews'" Me: *Google's prestige auctions reviews* *Sees mostly bad reviews* 😶

[@benjaminforsythe8870]

Lol