#23 Auction Myths, Bidding Tips, and What Buyers Get Wrong. How To MASTER Auctions! Feat. Luke Banitsiotis
Update: 2025-07-25
Description
Auctions can feel intense, confusing, and downright intimidating—but they don’t have to be. In this episode, Dion is joined by award-winning auctioneer Luke Banitsiotis to unpack exactly how auctions work from a buyer’s point of view.
They cover:
What really happens before and during an auction
The role of the auctioneer (and how it differs across states)
What a vendor bid is—and why it’s not as scary as it sounds
How buyers can avoid being caught off guard on auction day
Why transparency makes auctions fairer than private sales
Whether you're bidding for the first time or still deciding if auctions are worth the stress, this episode is packed with insight that could save you money—and calm your nerves.
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