Finding the biggest bargains at a live online auction should be a simple matter, however, it can sometimes get involved. You see, live online auctions work much the way traditional auctions work. They are based on clearing out homes or offices or on simply selling off unwanted objects from someone's personal collection so that they can raise money for other needs.
Unique online car auctions are conducted every day and hold thousands each year.
However, unlike a traditional auction, the live online auction is done exclusively online. Everything else is still the same; there is still an auctioneer and there is still a catalog of sorts (usually online only), but the auction is offered entirely online meaning that your hunt for bargains may be a bit different than the way you traditionally hunt for bargains at a regular auction.
The most common way that people have found bargains at traditional auctions is by purchasing misidentified objects.
Either because the auctioneer is not expert in particular areas or because they relied on an inaccurate description from the original owner, you, with your trained eye, can spot the object that really is valuable and bid to get it, later arranging for proper authentication.
This can still be done with an online auction in order to get bargains as well, however, there is a catch – you are often not able to see the objects in person.