What Buyers Need to Know
Live auctions are a lot of fun, but there are rules to follow. Read below. It will help you understand the steps to take before, during and after a live auction.
What do I need before the Auction?
The most important thing is your ID. Please bring either a driving license or passport with you. You also need cash and/or credit card for purchases once they are won at auction.
What are the Rules of a Live Auction?
To place your bid, all you need to do is raise your bidding card. The auctioneer will take bids incrementally until only one bidder remains. That person then purchases the lot or item from the seller at their last bid price. Once this happens, it’s time for everyone else to get back in the line.
The auctioneer will call out the next lot/item number, and everyone in the room can participate. This continues until everything has been auctioned off!
What is Live Auction Etiquette?
One of the most important points to remember about live auctions is that you need to be very aware of how much time is left. If you want to buy, bid early! You don’t want the bidding on the lot or item you want to close before you place your maximum bid price.
How do I pay for my purchase?
When you win an item at a live auction, make sure you notify the person running your cards what lot number they need to reference in order to process payment. You may be asked a few questions about shipping and handling before you’re given a final total.
We accept all major credit cards, cash and checks. You may pay for your purchase(s) during or immediately after the auction.
What if I need more information about an auction?
Our team is prepared with helpful information about the items/lots and about bidding in a live auction. Email us or call us to find out more details on how to register for an auction, what you need before coming into one, details about items/lots, and much more!
Buyer’s Premium & Tax
Please note that Auction Company of America’s buyer’s premium and any local taxes will be payable on all successful bids.
Pickup and Delivery
Upon payment, you may pick up your purchases. All purchases should be picked up immediately unless special arrangements have been made.