What is an auction?
An auction is the process of buying or selling goods and products in a public place, where goods and products are offered to bidders and the final price is determined by bidding. Auctions can be organized by the government, companies, or individuals, and public auctions can include a variety of goods and products including real estate, cars, artwork, furniture, jewelry, industrial tools and equipment, and many more.

How to prepare to participate in the auction
 

To participate in the auction successfully, you must prepare well. First, you should search for auctions available in your area that include the items you want to buy or sell. Secondly, you should familiarize yourself with the rules of the auction and the terms and conditions that must be followed. Third, you must determine your budget and determine the maximum amount that you can pay. Finally, you must come to the auction on time and ensure that you have a means of payment available to purchase the items you desire

How to register and get a bid number
 

To participate in the auction, you must register and obtain a bid number. You can do this by visiting the auction site or coming to the registration desk at the actual location of the auction. You will need to provide some personal information such as your name, address and phone number. After registering, you will be given your bid number which you must use to participate in the auction

How to determine the real value of the offered item
You must determine the true value of the item being offered before participating in the auction. You can do this by searching for the item online and seeing its current price. You can also ask experts in the field or go to furniture stores and talk to sellers. You must also specify the maximum amount that you can pay to acquire the offered item

How to bid and win the auction
To win the auction, you must start by determining the maximum amount you can pay for the item being offered. Then, you should pay close attention to other bids and keep your calm and not rush into bidding. You can use the quiet bidding technique, which is to wait for the last price to be announced and then bid for the amount you set earlier. You should also pay attention to the time available for bidding and make sure not to exceed it.

Resources:- 

المزاد العلني