What’s Up with Online Auctions?

Over the past few months, we have been working on including online auction opportunities for both buyers and sellers.  Hopefully, this will explain a little bit of what we are doing and why.

Estate Online Auctions-

During these types of auctions, the items are usually left in the house and photographed.  The items are put up for online bidding through our website and the winners pick up their items at the end of the auction.  The bidding period is usually about 10-14 days.  At the end of the auction, customers pay with a credit/debit card.  A pickup time frame is assigned within 24-48 hours of the end of the auction.  The winning bidders pickup their items at the location, and are responsible for carrying and loading the items into their vehicle.

Online Pre-Bidding for Thursday Nights-

If a customer is not able to attend the auction on a Thursday night, we offer the opportunity to bid on certain items online before the auction.  The items are uploaded onto our website by Monday evening and bidders can register and bid online.  Bidding for these items closes at 5:00pm before the auction begins at 6:00pm.  The high bidder’s information (the current high bid, that bidder’s maximum bid, name, and contact information), are brought to the live auction to compete against bidders who are physically at the auction.  The highest bidder (whether online pre-bids or in-person bidders) will win the items.

Online Simulcast Auction-

Online simulcast allows bidders to “attend” the auction from their computer during the auction.  This includes the pre-bidding, but the online bidders are able to bid on the items when they are actually being sold.  This option is not as common, and is not used very often during our Thursday night auctions.

 

Online auction options help us to market and sell the items to the highest bidder available.  We are doing our best to create an atmosphere at the live auction that is conducive to bidding and winning items.  If you would like more information on how the online auction systems work, please contact us and we can walk you through it.

Posted in Auction Information, News

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