Before you start bidding, determine the maximum amount you're willing to spend. Auctions can be exciting, but it's easy to get carried away in the heat of the moment. Stick to your budget to avoid overspending.

Know the item you're bidding on. Understand its market value, condition, and rarity. If you're bidding on collectibles, for example, research its history and comparable sales to avoid overpaying.

If you're new to an auction, take a few moments to observe the bidding pattern. This can give you a sense of the pace, how others are bidding, and help you formulate your strategy.

Don't bid too early or too often. Instead, time your bids to avoid driving up the price unnecessarily. Consider placing a strong bid near the end to reduce competition.

Auctions can be fast-paced and competitive, but staying calm is key. Don't rush into bids just because you feel pressured. Wait for the right moment, and be prepared to walk away if the price exceeds your set budget.