It’s auction time! We operate our auctions on a 45-minute cycle – 9.00am, 9.45am, 10.30am and so on over the course of the day. It’s a tight schedule, so I have to make sure every auction starts on time. If I start late, even by a few minutes, it sets off a chain reaction for the rest of day. Timing is everything.
I like to take 5-10 minutes to meet and greet all of my vendors prior to each auction. Talking with potential purchasers is also beneficial. I do my homework about each property the night before and have a good understanding of how the auction is likely to roll out, so I can talk the vendors through the process.
Most auctions take about 15 minutes, which gives me 20 minutes or so to get to the next one. It’s tight, but doable.