Posts Tagged ‘Live Auctions’

Scottsdale Auction: Payment, Pickup & Shipping – FAQ’s

Sunday, July 11th, 2010

This post will provide answers to frequently asked questions regarding paying, picking up and shipping at Scottsdale auctions. It will answer questions such as: How much does it cost to participate in Scottsdale auctions? How do I know if I won a bid or bids?   Do auction houses usually ship my purchases directly to me? What forms of payment are commonly accepted at Scottsdale auctions?

Q: How much does it cost to participate in a Scottsdale auction? / How much is charged to my credit card when I register as an Internet bidder?

A: At most auction houses only the price of the winning bids you place plus sales tax, if applicable and shipping if you choose not to pick your item up directly. There are no fees charged to bidders who are not winning buyers. Many auction houses do not charge Buyers Premiums fees. However the first time you place a bid in any auction your credit card is commonly authorized for $10. The authorization may appear for one to three days (depending on your banking institution) but is not a charge.

Q: What forms of payment do you accept for your Scottsdale auctions?
A: Most Scottsdale auction houses accept Visa, MasterCard, American Express and Discover Card. Commonly you may also pay in person on the day of the auction in Cash or Certified Funds.

Q: How do I know if I won a bid or bids?
A: Shortly after the Scottsdale auction has ended, you will receive an email from the auction house indicating the items won and the amount charged to your credit card.

Q: Do I have to pay sales tax on Internet Auction items?
A: Yes, unless you are registered with an out of state address and your items are shipped out of the state of Arizona. If you are a valid Arizona reseller, you can submit at tax exemption certificate to the auction house. If you are buying for personal use you will be charged sales tax of 8.3%.

Q: When do I have to pay for my purchases?
A: Most commonly at the end of the auction when all items are sold, your credit card on file will be charged. You may also commonly come to live Scottsdale auctions and pay for your purchases prior to the end of the auction however you will need to bring a valid form of payment such as Cash, Cashier’s Check or credit card in order to pay for your purchase(s).

Q: May I pick up my purchases from an auction?
A: Yes, most auction houses allow you to pick up your purchases on auction day prior to the close of the auction at the auction location. Most auction houses also allow you to come the first or second business day following the auction and retrieve your purchases at that time.

Q: May I send someone else to pick up my purchases?
A: Most Scottsdale auction houses allow this if you have paid in full and signed a third party release for a representative to pick-up your purchases.

Q: Can an auction house ship my purchases directly to me? / How do I know how much shipping will cost?
A: Yes most Scottsdale auction houses can ship to you for the cost of shipping and handling plus exact shipping charges. For larger items such as pallet lots or vehicles you will need to arrange for your own shipping of these items at most auction houses.

For more information about a Scottsdale auction, contact Auction Systems.

Live Arizona Auctions FAQ’s

Tuesday, July 6th, 2010

This post will provide answers to frequently asked questions regarding live auctions. It will provide answers to questions such as: What are live auctions? How do live auctions work? How do I register to bid in a live auction? Do I have to register to bid for every live auction I want to bid in? Should I sell my property through Internet auctions or traditional live auctions?

Q: What are Live Arizona Auctions?
A: In a Live Auction, bids are only accepted from the auction floor from bidders who are physically present at the auction. There is no online catalog for the auction. These types of auctions have become more rare due to the popularity of Internet auctions

Q: How do live Arizona auctions work?

A: Here’s how the live auction process works:

  • Bidders must receive bidder cards from a cashier in order to make a bid on any item. In most cases a refundable cash deposit is required to receive a card.
  • When the auction is about to begin, the auctioneer announces the terms of the sale so all bidders are aware of their responsibilities in bidding.
  • When a bidder is ready to make a bid, they simply raise their hand or their bidder card and the auctioneer or ringmen acknowledges the bid.
  • Phone bids are recognized by the phone person and these bids are considered the same as if the bidder were present.
  • The ringman assists the auctioneer in spotting bids, holding up merchandise so the bidders can see the item for bid and marking the item with the bidder’s number once it has been sold. Upon successful winning of the bid, the auctioneer tells the clerk what the bidder paid for the item and their bidder number.
  • This information is recorded and given to the cashier who tabulates the bidder’s purchases for check out from the sale.
  • The bidder pays by either cash or cashier’s check. In most cases, the bidder must remove their property from the auction location immediately following the sale.

Q: How do I register to bid in Live Auctions?
A: At most auction houses if you are a registered bidder online, and you want to attend a live auction you can simply stop by the cashier, produce the credit card that you registered with online and you will be given a live auctions bidding card. If you aren’t registered online, you only need stop by the cashier and complete a registration form and leave a deposit or a major credit card to be held until you check-out from the auction.

Q: Do I have to register to bid for every Live Auction I want to bid in?
A: Not if you are a registered bidder online just stop by the cashier, produce the credit card that you registered with online and you will be given a live auctions bidding card.

Q: Should I sell my property through Internet auctions or traditional live Arizona auctions?
A: It depends on the type of product that you are selling. In some cases where you have a large amount of product to sell that would “flood” the market in your area – it is best to sell your items on the Internet. In other cases, where your products must be seen to be appreciated, a traditional auction fits your needs. There are times however when both marketing methods will meet your needs.

For more information about live Arizona auctions, contact Auction Systems.

Live Auctions, Online Only and Simulcast Auctions

Friday, February 5th, 2010

Auction Systems is a unique auction house because they conduct three types of auctions on a regular basis. Auction Systems allows customers to take part in live auctions, online only auctions and simulcast auctions. Live auctions are where only bidders who are physically present are able to bid. Online only auctions allow customers to bid online and compete online against other registered bidders. Simulcast auctions are the most common and allow customers to either bid online or take part in a live auction.

Live auctions take place either on-site or at Auction Systems and are notated on the Auction Schedule with “Sorry No Online Bidding.” Online auctions take place over the Internet and are notated on the Auction Schedule with “Online Only.” Simulcast auctions allow bidders, who are onsite, to compete against bidders online who have either placed proxy votes or are bidding in real time. Simulcast auctions can also be heard online by listening to Auction System Radio Network.

For more information about live auctions, bidding online or simulcast auctions, contact Auction Systems.

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