How to set the best vendor bid

A common question asked by vendors on auction day is “Where should I set my vendor bid?”. In this video Damien Cooley explains the role of a vendor bid in engaging purchasers, making post-auction negotiations easier and maximizing the price your purchaser is prepared to pay. Damien also provides valuable insight into how to set a great vendor bid; including reviewing the campaign, the number of purchasers bidding on auction day, your reserve price, agent and auctioneer advice, and most critically ­– purchaser feedback.