Auction Systems - Phoenix Auctions: The Ins and Outs of Online Bidding

1
Phoenix Auctions The Ins and Outs of Online
BiddingBy Deb WeidenhamerPresident CEO,
Auction Systems
2
Phoenix Auctions

Online bidding is a convenient and easy way to
buy items at Phoenix auctions. Although certain
features may differ slightly from one auction to
another, the overall process will be very
similar. By following some simple guidelines,
you can bid successfully before and during the
auction. When you bid carefully, you can take
advantage of the great deals auctions have to
offer.
3
Phoenix Auctions

Prior to the live auction, youll have access to
an online catalog of items. The catalog is
divided into categories to help you find
merchandise quickly and easily. For example, if
youre interested in a circular saw, you would
look under a Power Tools category.   You can
also perform various online searches to find
specific items. A search box on the website may
be exclusive to each auction ring. Various
search parameters include model numbers, brands,
lot numbers, etc.
4
Before You Bid

Auction lots are described by name brand and
model, if applicable and available. In addition,
lots may be depicted by media type, such as wood,
porcelain, crystal, glass, etc. Furniture is
typically referred to by upholstery type and wood
species. Dimensions are noted in descriptions
where appropriate.
5
Auction Bidding

• Some important things to know before you bid
  online at Phoenix auctions
• Federal law states auction items are sold
  as-is, where is.
• Many auctions allow bidders to preview items in
  person.
• Online bidding sometimes will allow for a refund
  if the item is described inaccurately.
• Check with the specific rules, regulations and
  requirements of the auction service managing the
  Phoenix auctions.

6
Online Bidding

• Online bidding at Phoenix auctions generally can
  be done using two methods
• Proxy Bidding
• Usually one week prior to a live auction, the
  auction lots are available for online bidding.
  If an item has no previous bids, the bid youll
  enter will be higher than the starting price. If
  others have already bid on the item, youll enter
  the next required bid amount and a maximum bid
  amount, if desired. The required bid amount will
  be displayed on the screen.
• Auction Bidding
• Online bidding can either be concluded prior to
  the live auction or be done as simulcast bidding
  where you bid in real time with the live
  audience. In Phoenix auctions that close online
  bidding prior to the live event, your bid (and
  maximum bid if you entered one) will be
  represented by an auction house staff member.
  Your highest bid will be the starting point for
  bidding at the live auction.

7
After the Auction

Youll receive an e-mail after the auction
indicating whether you won. If you were the
successful bidder, youll receive a copy of a
paid invoice. Then, youll need to retrieve your
items.   When you registered for a bid card, you
probably had the option of having your items
shipped directly to you. If you arent having
them shipped, youll have to pick up the
merchandise at the auction location within the
time allotted.
8
Phoenix Auctions

Online bidding is fun, fast and exciting. Its
easy to get hooked on the process, so its
important to thoroughly evaluate potential items.
Once you determine an items value, then you can
set a maximum bid. When you bid carefully, you
can take advantage of the great deals auctions
have to offer.
9
About the Author

• Deb Weidenhamer is President of Auctions Systems
  Auctioneers Appraisers, Inc., based in Phoenix,
  Arizona. They specialize in auctions and
  professional appraisals.
• Visit us at http//www.auctionandappraise.com or
  call 1-800-801-8880 for more information about
  our Phoenix auctions company.