Auctions seem to be a fair game. Every bidder gets a fair chance and would be outdone or would outdo others eventually with money. When you take a broad or generic approach, an auction seems simple. When you delve into the details, you would realise the intricacies are far too complicated. You cannot pre-empt what price a property would get sold at. It is possible that a seemingly desirable property gets only one bid and an apparently less desirable property becomes a hotbed.

Practice makes perfect - and it holds true in case of bidding at auctions. Since you cannot have enough practice without sufficient real encounters, you should get accustomed with the common auction mistakes so you can avert them.

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