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When you arrive at the auction site, you will need to
register with the auctioneers in order to obtain a bidding
number. Your name and address are required, and you may
need to pay a returnable deposit for particular auctions.
If you have not viewed the lots for auction prior to
the auction day, we suggest that you allow time to inspect
your prospective purchases before the auction starts. Some
auctions, however, may not allow you to view the lots
other than at the specified viewing dates and times. With
some catalog auctions, you may not be allowed to view the
lots after the auction has started. You should confirm
these details with Showcase Auctioneers & Appraisers
prior to the auction date.
When a lot you are interested in bidding on comes up
for sale, the auctioneer will announce the lot number and
give a brief description of the item. A starting bid will
be suggested by the auctioneer. If the item has a reserve
price, the auctioneer will often start the bidding above
this price and reduce the start bid towards the reserve
price until a bid is made. The auction catalog will
usually display a guide price for the item, which is above
the item's reserve price. You are free to start bidding at
any time after the auctioneer has announced the starting
bid. Some auctions, especially liquidations, bankruptcies
and receiverships have no reserve prices; so give it a
little time before you start your bidding. If there are no
other bidders, your first bid may be the price you pay.
If your bid is the final bid, and the price reached is
above the item's reserve price, you have been successful
in your purchase. After you have won the bid, you will
have to pay an immediate deposit. The amount of deposit
will be stated in the terms and conditions of the auction
catalog. The type of payment method will be stipulated in
the catalog.
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