Bidder's Frequently Asked Questions
1. Can anyone attend your Auctions and buy?
- Auctions are open to the general public.
2. Do I have to pay to register?
- Registration is free. Complete a bidder's card and return to the office before the Auction commences. You will need a new Bidders Card for every Auction you attend.
3. When are the Auctions held?
- Check our website for details by clicking here.
4. How do I bid for an item at auction?
- The Auctioneer will announce each lot number, description and ask for an opening price. If you are happy with the open price, raise your bidder's card or alert the Auctioneer buy calling "yes" (or something to the like). The Auctioneer will use a set bidding progression. As the Auctioneer progresses through the prices, simply raise your hand at each level you are happy with. If you are the highest bidder at the end of the bidding progression, then the Auctioneer will "knock" the lot down to you and record you bidder's number. Once you have completed all your purchases, then you can pay and collect your items. Please remember no nods, no winks. The bidding will need to be quick and clear.
5. What is an "Absolute" Auction?
- An auction where the property is sold to the highest qualified bidder
with no limiting conditions or amount, Also known as an auction without reserve.The seller may not bid personally or
through an agent. Otherwise known as "Present Condition" auction or an auction without reserve.
6. What is an "As Is" Auction?
- An "As Is" Auction is selling the property without warranties as to the condition and/or the fitness of the property for a particular use. Buyers are solely responsible for examining and judging the property for their own protection. Otherwise known as "As Is" or "Where Is" auction.
7. What is a "Reserve" Auction?
- An auction in which the seller reserves the right to establish a
reserve price, to accept or decline any and all bids or to withdraw the
property at any time prior to the announcement of the completion of the
sale by the auctioneer.
8. What is a "Bank Letter of Credit"?
- A letter from a bank certifying that a named person is worthy of a given level of credit. Often requested from prospective bidders or buyers.