Winning Baggage Auction Strategies
Have you ever wondered what happens to the lost baggage at the airport? At the Miami International Airport, these lost pieces of baggage were auctioned for profit. MIA has an enormous amount of discarded carry-ons and duffel bags, forgotten bikes, surf boards, laptops, cell phones, cameras, even crutches and paintings. All of them were unclaimed or do not carry any identification.
Many auctions of this type happen to a lot of airports in the US, with over thousands of baggage which is equivalent to millions of U.S. dollars. Bidders cannot open these unclaimed pieces of baggage and if they want to place their bets, they need to have confidence on instincts on what is inside the baggage. These pieces of baggage could be simply dirty laundry or expensive jewelry.
Bidders could only open the baggage if they win the bidding and that is the only time they will know what are inside the baggage. There is an instance that a bidder got lucky with the suitcase containing 10,000 pounds.
In these auctions, you have to be careful in order for you not to spend more money since biddings are determined by the people’s bidding power. Therefore, it is very important that you have your game plan or strategy when you enter a baggage auction. A strategy for airport baggage auctions will let you save lots of money.
There are various strategies that you can use to optimize the benefits that you will get in airport baggage auctions. The strategy that you will use in international airport baggage auctions should have different aspects that you should concentrate on for it to become effective and very useful.
In auctions, you have to know that there are lots of competitors just like a championship in any sports. In order for you to succeed in the auction, you have to conduct your own research on the tactics that your competitors will use during the actual bidding. Try to know more about them and the bidding styles they use at the auction. You can base this through past auctions where they got involved in as this will surely help you to have leverage.
In any bidding that you want to get involved into, you need to employ disciplined bidding, meaning that you need to maintain your rational mind as you make your bids. You don’t have to hurry in making your bids, get attached emotionally to the biddings or fail in setting the budget for your bid which will be your guide on the bidding.
In any bidding strategy, you also need to know when is the best moment or time for you to place your bid. You have to place your bid during those times where there are less competitors and you need to bid in intervals.
With a strategy at hand, there is a big chance that you will succeed. But if you want to optimize your international airport auction strategy, you have to grow your experience in auctions and have confidence in your instincts to avoid failure or getting just laundry instead of those expensive items.