Bidding on Auctions
Online registration is quick and easy. Upon entering standard information and reviewing the Terms and Conditions, you’ll be sent a Bidder Number you can use at any of our auctions. To insure earnest bidders, we place a $25 authorization hold on your card. This is an industry-standard practice, similar to checking into a hotel or renting a car. It is not a deposit, and the hold is immediately released after the auction. Depending on your financial institution, it can take 3-7 business days for the funds to appear as available.
Our staff of auction professionals is available 24/7 to answer any questions or technical support issues you may have.
INCREMENTAL AND MAXIMUM BIDS
As you review the catalog, you can enter an incremental (“next required bid”) or a maximum bid. The maximum bid feature allows you to enter a set amount that will enter required bids up to and including your maximum. There are two great benefits to using the Max Bid feature: first, if someone enters the same bid as prices go up, you have that amount locked-in; so if the bidding reaches $100, and you had entered $100—then you will be the winning bidder. Secondly, if someone enters a bid and your maximum is higher but falls short of next required bid, then your max bid will be accepted even though it’s less than the next required bid.
NOTIFICATIONS AND AUCTION CLOSING
It’s easy to keep track of the items you’ve bid on since they appear at the top when you’re logged in. Moreover, you’ll receive e-mail notifications when you’ve been outbid until the day of the auction. You can also make a list of the items you’re interested in and bring it to the preview before the auction—so you can take a closer look and get an idea for whether that item is a perfect fit for your needs.
24-hours before the auction closes a clock will identify when each particular item closes. Generally, auctions close 10 items per minute in the order they appear in the catalog (“staggered closing”). If there’s any bidding activity within the 5 minutes prior to an item closing, then that item will be extended for 5 minutes. With “Dynamic Bidding”- the online auction software imitates a live auction and gives interested bidders the chance to enter a final bid. The highest bidder always wins, not the fastest computer.
The auction closing is the most exciting part. A lot can happen in those thrilling final minutes, and most everyone will find a great deal you can’t find anywhere else!
After the auction closes, our software automatically processes the amount of your invoice (typically including a 10-20% Buyer’s Premium and occasionally local sales tax; always refer to each Auction’s specific Terms for details). You’ll receive an invoice via e-mail shortly after the auction closes.
Removal or item pick-up is typically the next day. You’ll need to bring your invoice and a photo ID to retrieve your items. Customers are checked-in on a first come first serve basis, and you’ll need to bring the right personnel and/or tools to move the items. If you decide to use a mover or shipper, please fill-out the Third Party Release Form found on our website.
Sometimes the traditional live auction is the best venue for a sale, whether it’s real estate, heavy equipment, or an on-site estate sale. The structure of the auction is very similar to the online method with a scheduled preview, closing, and removal. You’ll register on-site and receive a bidder card you’ll raise to place a bid. We’re also glad to accept sealed or phone bids.
The auction industry itself is rooted in these live, exciting events. Worley Auctions are professionally run, perfectly organized, and consistently attract a large, satisfied clientele. Indeed, the entire process is just as smooth for a first-time bidder or a ten-year auction veteran.