How does Easy Live Auction work?
On the lot page, you can place the maximum amount you wish to bid up to and submit it. We will then pass this bid to the auctioneer for them to action during the auction. It is up to the buyer to examine each lot thoroughly or seek a condition report prior to bidding. We may also include the letters “A/F” in a catalogue listing which means “As found”. Bid Increment. The amount by which the auctioneer increases the bidding.
Is easy live auction safe to use?
Easy Live Auction will take all steps reasonably necessary to ensure that your data is treated securely and in accordance with this privacy policy. All information you provide to us is stored on our secure servers. Any payment transactions will be encrypted [using SSL technology]. Easy Live Auction provide online bidding facilities for auctioneers, we do not manage the sale of items for vendors. If you would like to sell items through our platform, you will need to do this through an auctioneer who uses our services.
Who pays auction fees?
Modern Method of Auction fees are paid by the buyer of the house. If an online auction house is working in partnership with an estate agent, they will usually split the fee between them, although you should check this. By comparison, with a traditional house sale, the seller pays the estate agent’s fees. This agreement clarifies that bids can not be retracted and that if they are the winning bidders, they must accept and pay for that item. However, from time to time, there are extenuating circumstances that keep a bidder from honoring this agreement.While a seller has the right to withdraw, postpone or accept offers on a property before the auction itself, once a bid has been accepted the contract is legally binding, they are no longer able to cancel the sale.In most product categories on eBay, when you place a bid in an auction it’s considered binding – when you win an auction, you’re agreeing to complete the purchase. However, there are some categories where bids don’t create a formal contract between the buyer and seller.There is no guarantee that buyers will pay for the items they win. Buyers may enter incorrect delivery addresses or emails. Auction sites typically charge sellers a fee for each item sold, so it is important to factor this into the item’s price.
Can you negotiate at a live auction?
They’re incredibly fast-paced events, where auction-goers bid against one another in a format that can be dizzying if you’re new to it. But actually, live auctions are a great place to find a deal—it’s where the real value of an item can be appraised and debated. That’s if you know how to score a bargain! While the potential for savings is real, so are the risks. Auction homes are typically sold as-is, which means there may be hidden issues—like structural damage, code violations, or past-due property taxes. You’ll also need to come prepared. Auctions often require cash or a large down payment on the spot.A better option is to show up on the day, and hope for little competition. If getting a good deal is really what you’re after, you’ll probably find more success in post-auction sales than you will in pre-auction sales.Auction weaknesses are: You can never be sure of precisely how much you will get. Marketing costs tend to be higher. Auctions concentrate the buying process into a short period of time. This may turn out to not be the ideal time to sell.
Which is the best online auction site?
If you’re after auctions, eBay is the go-to. You could also try sites like GovDeals or Bonanza, depending on what you’re looking to bid on. But for the most variety, eBay’s hard to beat. A live online auction works in a similar way to a traditional in-person auction. Registered buyers watch the auction in real-time from wherever they are in the world and place their bids via the Internet. The catalogue is typically released two to three weeks before the planned auction date.What are live auctions? Live auctions are a type of charity auction. During live auctions, an auctioneer runs the bidding by introducing each item and guiding bid amounts. Guests place bids by calling out amounts, raising bid paddles, or otherwise catching the auctioneer’s attention.Live Auctions (In-Person or Online Streaming) – Early bids can help establish your presence, but bidding late (or strategically increasing your bid near the end) is often more effective since momentum builds toward the final moments.Leading Online Auction Platform. Bidsquare is the premier online platform for live and timed online auctions. Browse auction catalogs and bid real-time on exceptional fine art and antiques from the best auction houses and dealers. New auctions added daily.