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Don’t Be Tempted; Know the Advantages and Disadvantages of Buying Items at an Auction

Before Joining Auctions, Learn Their Benefits and Drawbacks


Buying items in auction houses is a choice. However, many people doubt or are pessimistic about buying items at auction as it only favors the highest bidder.


Such a doubt would be unnecessary if you know and understand how to join auctions well, effectively, and efficiently. In fact, an auction is fairer than transactions between individuals.


Its pricing is relative. Besides, we cannot compare prices offered by other parties or people in transactions, so we can end up offering higher prices.


Baca juga: Hati-Hati, Begini Ciri Modus Penipuan Lelang


In addition, items sold by auction houses are legal. The pricing is based on the items’ actual condition.


Advantages of Buying Items at an Auction

It is safer to buy items at an auction, because it is observed, led, and organized by an auctioneer, a public official appointed by the government.


The auctioneer checks documents in related agencies to determine the legality of each item sold at the auction.


Then, an auction is more equitable. It invites the public through an invitation to bid, so it is open and objective. Moreover, it is held by independent public officials.


Third, it is competitive and fair. Bidders offer higher prices until one of them quotes the highest price, so they have the same rights and obligations. No one is more important. There is no limit on the number of participants.


More importantly, it is quick and efficient. Auction enables items to be sold quickly. Before it is held, an invitation to bid is issued to invite potential bidders.


Then, the full payment must be made in cash within five working days. Therefore, an auction is more efficient than selling on credit or other payment systems.


It also offers more legal certainty. For every auction, an auction report is made. It is an authentic deed with full evidentiary force.


The auctioneer also makes an excerpt of the auction report as a deed of sale and purchase (acte van transport) to transfer the title, so a deed of sale and purchase made by a notary/PPAT is not needed. For this reason, items sold and bought at an auction are completely legal.


Choose a Trusted Auction House

PT Balai Lelang Serasi, which has been conducting auctions under the brand name IBID, is one of the auction houses that ticks all of these boxes.


A trustworthy auction house under PT Serasi Autoraya (SERA) established in 2007, IBID offers the convenience of participating in live auctions through the IBID application available on the Google Play Store.


IBID, under Astra Group, has sold more than 27,000 four-wheeled vehicles at the auctions and held more than 500 auction events annually until the end of 2016.


IBID organizes weekly auctions at its 10 office branches across Indonesia. In addition, IBID has also held auctions in more than 30 cities in Indonesia. IBID runs three online auctions: Live Auctions, Timed Auctions, and Flash Auctions. 


Interested in joining auctions at IBID? You can download the IBID app from the Google Play Store or the Apple App Store or visit https://www.ibid.astra.co.id


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