Many agents choose to hand out a nice bottle of red to the opening bidder as a goodwill gesture. After trialling it for a few weeks , I must say it helps !Â
There is usually some applause and a good feeling amongst the crowd so I think it is certainly worth considering in the properties over 1mil where their can be a long gap before bidding gets underway. First home price range is not as important, as at the moment , that market place is hot and usually someone gets things going. One things for sure, the earlier that first bid comes in , the better. It certainly helps the auction momentum and takes away a bit of the tension for all parties . Obviously you need to be aware of all legislation in regards to law and whether this constitutes an inducement to obtain a bid .