How to Save at Grocery Auctions

A lot of people bought milk in bulk at the auction and, even if it's near the expiration date, they freeze it. Why? Because Horizon organic milk sold for $2.75 a half gallon there, whereas it costs about $6.79 at the store. Savings: 59 percent.

At the store, Triscuits costs $3.29. At the auction? Just $1.25. So, our percentages are climbing up to 62 percent on that one.

A six-pack of V-8 juice is $4.39, according to the national chain we contacted. But Frecker sold it for $1.50 at the auction. That's a 66 percent savings.

For some reason, juices were a great deal at the auction, so we've saved the best bargain for last!

At the auction, bidders were able to snag six-packs of Odwalla smoothies for $1.25. At stores, the Odwalla smoothies are only available singly -- and in a slightly different sizes -- but if you do the math, six of them would be $10.86.

So by buying at the auction instead, customers saved an impressive 88 percent.

Tips for Being a Savvy Bidder

You've got to go in knowing what foods cost at the grocery store.

These days, it's easy because you can make a list and check it online.

If you don't have a point of comparison, it's easy to get carried away with the excitement and competition and overpay.

Click here for more tips on how to save on your grocery shopping.

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