1. What is Max Bid or Proxy Bid:
PROXY BID OR MAX BID: Proxy bidding or Max bid, sometimes called absentee or automatic bidding, is a method for online auction bidding. How it works is the person who wants to bid on an item decides a maximum amount that he or she is willing to pay for it in advance and bids this amount. That bid is hidden in our system. As other bids are made, our system automatically increases the person's bid by pre-specified increments until the maximum amount is reached. If the bidder is monitoring the auction, at this point he/she can give up or choose to increase his bid. You don't have to continually monitor an auction to win an item, and they can bid on several items at once.
2. Why is there a Buyers Premium?
Most auctions weather an auction house or online charge a buyers premium. There are several reasons an auction house may choose to charge a buyer’s premium. For most auction, especially smaller ones, the buyer’s premium helps to cover the costs of running the auction and its ongoing auctions. There are many costs that go into an auction that people don’t consider or even know about. These costs include auction software (to keep track of items for both the seller and the buyer), advertising & marketing, staff wages, time spent taking pictures and creating on-line catalogs for the auction, auction pick up day and general upkeep.
MUST BRING OWN HELP with Moving heavy items, BRING boxes, packing supplies, tools, etc. We CANNOT help with moving heavy items- be prepared-Prepayment is required by Thursday 6pm to hold your items-Please bring your own help for moving heavy items, boxes, packing supplies, etc.-Pick up is Saturday from 9am-12pm ONLY - Payment AND pick up is required to stay in good standing-Sales Tax and Buyer's premium is applied **All Sales are final- most auction items are used, or vintage so expect wear and tear. When purchasing with us please inspect your items before leaving the property. If there are any issues or concerns, please let us know immediately.
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4/1/2023 8:03:50 AM
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