People are often unsure about the auction process and one of most common questions is whether they are allowed to attend. Their perception is that it may be private and reserved for the select few wanting to shed their Lottery cash, or that you have to be a hawk-eyed businessman adding to his portfolio of investment properties.

However, an auction is a public event and as such open to all - even if you don’t intend bidding and merely want to see how it works, for example if you are considering selling your own property by this method. And if you want to bid, there’s no harm in listening in on a few auctions to see how it’s done first.

If there is a lot you are interested in, check with the auction house that it is still available before auction, as lots may be withdrawn or sold prior to auction. On the day itself, it’s wise to arrive early to ensure a seat (auctions can become very busy indeed), and to stay there until your lot comes up.

Auctions generally last a couple of hours, but don’t rely on the catalogue when trying to gauge how fast the bidding will go. It is difficult to be precise on timing as any postponements or withdrawals affect the speed of bidding.

Usually prospective purchasers are asked to be “transparent” when actually making their bids - that is, to lift a hand or a catalogue clearly. The auctioneer will ask you to confirm your bid if he is in any doubt at all as to whether you are really interested in a former Cinema de Luxe in classic baroque style, guide price £200,000-plus, or whether you’re just enjoying a good stretch because you’ve been sitting still for an hour.

Unsold lots may be disposed of after the auction by private arrangement, or held over until the next auction. But don’t rely on either method if you wish to secure a property - it’s best to bid on the spot.

Finally, it can be easy to get carried away with the excitement of bidding. Remember to set your price limit and stay within it. Bids normally increase by no more than 10 per cent on the previous bid, and the selling price is determined by the reserve price. If you plan ahead and know the rules you may leave the room as proud owner of just the property or land you’ve been looking for.

* For more information contact Ward and Partners Auctioneers on 01622 859999 or visit www.wardandpartners.co.uk/auction