Online auctions – Buyers
Made possible by the internet, online bidding is a natural step in the evolution of auctions. Because of the benefits to sellers and buyers, and their success rate, online auctions are increasing in popularity.
Some advantages of online auctions for Buyers:
- Bid from any location with internet access on computer or mobile device
- Bid over a period of days, anytime 24 hrs a day.
- Time to research items
Items to be auctioned are organized into lots. A lot is a single item (or a group of items that will be sold for one price). Once all the lots have been identified, numbered, descriptions written, pictures taken, and all loaded to computer, the auction catalog has been created.
The catalog is posted and becomes viewable on our website. It is important that bidders read the Terms and Information before bidding. Many questions can be answered by reading, especially if you are new to the process.
- Terms of registration and participation by bidders.
- Auction timeframe
- Date and time bidding becomes available
- Designated time for Live Preview or Inspection Period for those who may want to (and are encouraged to) observe and inspect items of interest.
- Ending of bidding date and time
- Pay and pick up schedule
- Load assistance if available
- Any other information specific to that auction.
At the advertised time, bidding becomes available on the website to registered bidders.
The auction runs for a specified period of time then bidding closes. Winning bidders are immediately notified by email including an invoice and detailed instructions for payment and pick up of their purchases.
Buyers should arrive at the auction site during the designated time to pay for and remove the items they’ve purchased. Generally, pay and pick up lasts one day only.