Automatic Bidding (auto bid) option makes bidding convenient allowing you to enter the maximum bid amount* that you are willing to bid on an item. Based on your Account Preferences for notification, you may be notified whenever your auto bid increases &/or when it is exceeded.

The auction company or other bidders do not have access to see your auto bid amount. You are the only person that can see your auto bid amount (displayed in your Watch List).

Your auto bid will not “jump” to the maximum amount. The auto bid will increment up only with competing bids until either the item completes with you as the high bidder, or until your auto bid has been exceeded by another bid.

If another bidder already has an auto bid in place when you place your auto bid, the (2) competing auto bids will continue to increment until either the lower auto bid is maxed out; or if both auto bid amounts are the same the auto bid that was placed first will become winning position of the bid.

Example #1:

1. Minimum bid is at $10.00 with a $5.00 bid increment.

2. Bidder #1 places an auto bid for $77.00.

3. No other auto bids are in place, therefore Bidder #1 is high bidder at $10.00.

4. Bidder #2 places an auto bid for $23.00.

5. Bids would compete with each other as follows:

 Bidder #1 - $10

 Bidder #2 - $15

 Bidder #1 - $20

 Bidder #2 - $23 (maximum auto bid placed)

 Bidder #1 - $25 (high bid position)

The high bid is $25 not $28 because Bidder #2’s auto bid was exceeded at an increment other than $5.

Example #2:

1. Minimum bid is $10.00 with a $5.00 bid increment.

2. Bidder #1 places an auto bid of $77.00.

3. No other auto bids are in place, therefore Bidder #1 is high bidder at $10.00

4. Bidder #2 places an auto bid for $25.00

5. Bids would compete with each other as follows:

 Bidder #1 - $10

 Bidder #2 - $15

 Bidder #1 - $20

 Bidder #2 - $25 (maximum auto bid placed)

 Bidder #1 - $30 (high bid position)

The high bid is $30 because Bidder #2’s auto bid was exceeded at an increment equal to $5.

Example #3:

1. Minimum bid is $10.00 with a $5.00 bid increment.

2. Bidder #1 places an auto bid of $25.00.

3. No other auto bids are in place, therefore Bidder #1 is high bidder at $10.00

4. Bidder #2 places an auto bid for $25.00 (same amount as Bidder #1 auto bid)

5. Bids would compete with each other as follows:

 Bidder #1 - $10

 Bidder #2 - $15

 Bidder #1 - $20

 Bidder #2 - $25

 Bidder #1 - $25 (high bid position)

The high bid is $25 with Bidder #1 in high bid position because Bidder #1 placed the $25.00 auto bid before Bidder #2.

*Buyer’s premium and sales tax will be in addition to the winning bid amount. 

Buyer's Premium is 10% for cash and certified checks or 13% for credit cards. 

Posted closing times and displays of Auction Co.'s current time are approximate. Auction Co. reserves the right to close early or extend auctions at any time at its discretion. It is strongly recommended that bids be placed early to avoid losing out due to an ill-timed, last-minute bid. All times based on Eastern Standard Time. Dynamic bidding - The dynamic bid on this website is a feature that does NOT allow an item to sell at the end of the auction until there are 10 minutes of bidding inactivity. Example - An item is bid on at 7:50 pm. An auction is scheduled to close at 8:00 pm. When this bid is placed the ending time will automatically extend to 8:10 pm. When another bid is placed at 8:01 the auction will extend until 8:20 pm. This will give the bidder 19 minutes to place another bid. If no bids are placed this auction will conclude at 8:20 pm. The key to your dynamic bidding feature is that the auction extends from the preset closing time in 10-minute intervals, NOT 10 minutes from when you placed your bid.  

A bid may be placed for any amount equal to or greater than the current required bid amount, which means your bid amount is not required to be an increment of the posted bid increment.      

Example:      

Current bid at $10.00 with a bid increment of $5.00.        

The minimum bid required would be $15.00.      

A bid may be placed for any amount equal to or greater than $15.00.       

The bid amount is not required to be in increments of $5.00; therefore a bid could be placed for $17.00 or $76.00 or whatever amount you wish to bid as long as it is equal to or greater than the minimum bid required.       

The winning bid may end up at any amount. It may not be divisible by the stated increment. The winning bid will be the highest      

Refer to the Automatic Bidding section for further explanation of the convenient method of placing an automatic bid. 

Inspection dates are Saturday, March 26th from 1 pm-3 pm and Wednesday, March 30th from 9 am-11 am. 

All items are to be paid in full and picked up within 8 business days from the auction date. Paid in full item(s) not picked up within 8 business days from auction date will be considered abandoned and will be relisted on auction offering for sale to the public. 

Posted closing times and displays of Auction Co.'s current time are approximate. Auction Co. reserves the right to close early or extend auctions at any time at its discretion. It is strongly recommended that bids be placed early to avoid losing out due to an ill-timed, last minute bid. All times based on Eastern Standard Time. Dynamic bidding - The dynamic bid on this website is a feature that does NOT allow an item to sell at the end of the auction until there are 10 minutes of bidding inactivity. Example - An item is bid on at 7:50 pm. An auction is scheduled to close at 8:00 pm. When this bid is placed the ending time will automatically extend to 8:10 pm. When another bid is placed at 8:01 the auction will extend until 8:20 pm. This will give the bidder 19 minutes to place another bid. If no bids are placed this auction will conclude at 8:20 pm. The key to your dynamic bidding feature is that the auction extends from the preset closing time in 10-minute intervals, NOT 10 minutes from when you placed your bid. 

You can place bids on an item before the auction starts, this is especially helpful if you will not be available on the day of the auction.      

When an item status shows as “Pre-Bidding” this simply means that bids placed are not displayed on the auction site until the date the auction is scheduled to open.      

Although there may actually be pre-bids placed on the item, an item in pre-bidding status will show # of bids placed as 0 and the current bid (required bid) will show as the opening bid.      

You may place a pre-bid through the same process as normal bidding. You can monitor & view your bidding activity on items in pre-bid status from your Watch List.     

Cash     

Cashier’s Check (make payable to Xyz Auction Service )

The loadout date is Friday, April 1st from 9 am-11am. Please contact us prior to bidding if you are unable to make the load-out date and times. 

All bidders will be subject to 6% State of Michigan Sales Tax. If you are tax exempt, provide our office with the documentation required for exemption.     

Cash      

Credit /Debit Card (Visa, Discover, MasterCard, and American Express)      

Cashier’s Check – Payable to Xyz Auction Service