What is a timed online auction, and how do I take part?
Timed Online Auctions are auctions that are conducted only online – there is no ‘live’ auctioneer.
Registering for an auction:
Find the auction you are interested in by going to our Auctions page, and clicking on the sale you are interested in. Then click on the ‘Create Account’ button and complete the registration process. When you have been approved you will receive a confirmatory email.
When your auction registration has been approved, you can start placing bids. Please register not less than 24 hours in advance of the closing time of the auction to ensure you are approved in time.
To register for an auction, please click here
Fees:
There will be a Buyers’ Premium of 12.5% + VAT on rings 1 and 2 and 3% + VAT on ring 3 (all subject to a minimum fee) added to the hammer price of all lots.
Bidding period:
Each sale has a start time, when it is published online, and an “ending from” time. Bids can be placed on each lot over that period (typically just over 2 weeks). Lot 1 will close at the advertised “ending from” time, with successive lots closing at intervals thereafter. At the end time the highest bidder wins the lot.
Placing a bid:
You can search the catalogue by word, or by lot number. Each lot will show either ‘current bid’, or ‘opening bid’ if no bids have yet been made on that lot. When you have found a lot that you would like to bid on you can leave your maximum bid in the appropriate box and click ‘bid’. If further bids are received your bid will be taken in increments to keep you in the lead, up to your maximum. If that happens then you will receive an email from us to tell you that you are no longer in the lead on this lot, at which point you can decide if you want to go higher.
Alternatively, rather than placing a maximum bid, you can click on the lot to take you to a screen showing just the one lot, which allows you to place individual bids, as per the ‘next minimum bid’ button.
‘Sniping’ and lot closing time extensions
If a bid is made within the last 5 minutes of the lot closing time, the closing time of that lot will be extended for another 5 minutes. This is done in order to prevent what is known as ‘sniping’, where a bidder deliberately places a bid as close as possible to the end time in an effort to stop other bidders being able to respond before the lot closes.
Please note that the extension of one lot’s closing time does not affect other lots’ closing times. Only once the lot has said ‘lot closed’ bids will stop being able to be made.
How to keep track of multiple lots:
With some lots not closing in succession due to extended closing time, it can be difficult to keep an eye on all the lots you are bidding on. However, by setting your screen view to display multiple lots and in order of lots closing soonest, it allows you to see bidding activity on multiple lots and bid quickly accordingly.
To keep track of lots closing, set your screen view to display lots in order of “End date (Soonest first)”
After the auction has closed
Please note, once the lot has closed, you will not see a message on screen to confirm whether you have won the lot or not, but you will have had a message to say if you were in the lead or not as the lot closed. Once the auction has closed we will send an invoice to the email address which you registered with. Where auctions finish late in the afternoon or evening, these emails will be sent out the following day.
To register for an auction, please click here
Our terms are strictly bank transfer. Bank details can be found on your invoice.
The Auctioneers will only accept payment from and permit removal of goods purchased by the successful purchaser or their duly appointed agent. No lots will be transferred to third party invoices after the auction.
Once paid for, arrangements must be made for your items to be collected within two weeks of the sale closing.
Please contact us on +44 (0) 118 950 8611 or email
Buyers must check the condition of a lot and that is complete before removal, as once it has left the Auctioneers’ premises it is not possible for such things to be verified and no responsibility can be accepted by the Auctioneers.
See our transport details below for more information.
We work alongside UKI Express which specialise in the transport of part and full loads of all goods ranging in vehicles from Transit vans to low-loaders.
For an instant quote for goods please click the link below for their online transport portal.
From 3.5t vans to 44 tonne trucks with tail lifts and low loaders
https://www.rogerstransport.co.uk/ sales@rogerstransport.co.uk
01189 380 916
Flatbed with crane
Tel: 07949 274685 or 07767 806338
info@mmtransportservices.co.uk
Crane lorries
Tel: 01256 850468 Mobile: 07788 913929
01482 877078
www.apshipping.co.uk
020 8756 0007
www.safina.co.uk
01948 667200
www.iml-marinemangement.com
020 7494 0969
www.baldan.co.uk