What is the difference between a live auction and a timed auction?
There are two types of online auction available on the-saleroom.com:
Live auctions are traditional room-based auctions that are broadcast over the-saleroom.com. You can bid at the auction over the internet in real-time while experiencing the atmosphere of the auction room with live audio and video feeds.
Timed auctions take place without an auctioneer calling the sale. Each lot can be bid on for a defined time period. At the end of this period, the bidder who has submitted the highest bid wins the lot, provided the bid exceeds the reserve price.
How do I register for an auction?
Click the 'Sign up to bid' button next to your chosen auction on the Auction Catalogue page.
How far in advance should I register for a live auction?
Usually, you can register as soon as the auction appears on the-saleroom.com until the auction ends. Details of when you should register can be found in the important sale information.
How do I bid in a live auction?
When the auction is about to start, the 'Sign-up' button for the auction will change to a 'Bid Live Now' button. Clicking this button will open the Bidding Window. Enter your password in the login box and you will be ready to bid. If there is an audio link, click the speaker button to hear the auctioneer. When the auction is about to commence the first lot will be displayed. A button appears showing the amount currently being asked. To bid for the lot simply click the blue button when the amount you wish to bid appears on the screen. If you are the successful bidder the auction house will contact you to arrange payment and shipping. Please remember, bidding whether online or in the room, is a contractual commitment to buy.
Why use Autobids?
Autobidding allows you to bid for items at live auctions, even if you are too busy to attend. Placing an autobid opens up the option to bid at auction, without being in the room or online at the right time, so you can make bidding fit into your busy life. You don’t have to miss out!
Autobids allow you to manage your budget. You can decide in advance on what your absolute maximum bid will be, and whatever happens, you won’t pay more than that if you win the item. We can all get a little carried away at auction – autobids can help to prevent temptation taking over!
To place an autobid return to the lot page and click ‘bid now’ and insert your maximum bid.
How do Autobids work?
- The autobid you place should be the maximum amount you are willing to pay for the item.
- The system will then use this information to bid on the item for you. It will only place the highest amount necessary for you to win the item, and will never go above your maximum figure.
- If the bidding passes your maximum figure, then you will lose out on the item, so think carefully when placing your autobid.
- Autobids can be edited and deleted up until the time the live auction starts, but cannot be changed during the live auction.
How do I place an autobid?
Just enter your maximum bid in the blank field. Your autobid will be saved in ‘My Saleroom’ under autobids – you can check all your autobids there.
Can I change my autobid?
You can increase, decrease or remove your autobid directly on the lot page or in ‘My Saleroom’ under autobids. Find the lot you want to change and press ‘Change my bid’ or ‘Delete my bid’. Autobids can only be changed prior to the live auction commencing. You cannot amend or remove autobids during a live auction. When autobids are closed the ‘Leave an Autobid’ button will not appear.
Does the auctioneer know my maximum amount?
No! That’s why autobids are the safest way you can place your maximum bid prior to the auction.
What are the auctioneers increments?
Sometimes your autobid cannot be accepted because it does not match the auctioneer’s increments, for example making an autobid of £201. You don’t need to know what the auctioneers’ increments are, we’ll tell you the amounts above and below your bid to help you get your autobid accepted i.e. £200 or £205.
What if the live auction has started and I want to bid higher than my maximum amount?
Never fear, you can always bid higher by logging in to the bidding applet (click on the ‘Go to Live Auction’ button) and participating in the auction in real time. You’ll know when your autobid is being placed as we’ll tell you when you’re in the lead.
How do I bid at a timed auction?
Each lot can be bid on for the time period displayed. During this period, you can place your bid at any time. Simply enter the highest amount you are prepared to pay as your ‘maximum bid’. Your bids need to be in accordance with our timed auction increments. When bidding, the system notifies you of the next required minimum bid increment.
|Opening / current bid
|£1 - £19
|£20 - £49
|£50 - £199
|£200 - £499
|£500 - £1,999
|£2,000 - £4,999
|£5,000 - £9,999
|£10,000 - £19,999
|£20,000 - £99,999
|£100,000 - £10,000,000
When you place a ‘maximum bid’, the-saleroom.com bids on your behalf as much as necessary to ensure sure that you meet the reserve price or that you remain in the lead, up to your ‘maximum bid’. Your ‘current bid’ is clearly displayed when you log in and view the lot for which you’ve left a ‘maximum bid’. In many cases your ‘current bid’ is lower than the ‘maximum bid’ you entered. If another bidder places a bid that is higher than your ‘maximum bid’, we’ll notify you by email. Your ‘maximum bid’ remains confidential until it is exceeded by another bidder. If you have the leading bid and you have met or exceeded the reserve price when the defined time period ends, you will have won the bidding for this lot. If a bid is placed in the last two minutes of the defined time period, the time period will be extended by two minutes. This is to prevent 'sniping'.
In a timed auction, how can I monitor whether my bids are in the lead?
There are two ways to do this
Log into the-saleroom.com and then go to the timed auction in which you’re bidding. Find the lot on which you're bidding and click through to the lot description page. The details of your current bid, maximum bid and whether you’re in the lead are indicated on the right hand side of the screen.
Log into the-saleroom.com and then go to the 'My Saleroom' section of the site. You will find a summary of the bids you’ve left for auctions currently in progress in 'Current bids'. Click on the 'Leading' link and you will be presented with all the lots for which your bid is currently in the lead. Click on the 'Outbid' link and you will be presented with all the lots for which your bid is not leading.
How do I edit my maximum bids?
You can edit your maximum bids by selecting the appropriate lot in 'current bids' in 'My Saleroom'. You cannot reduce your bid to below your 'current bid'. Placing a bid is a contractual commitment to buy should you be the highest bidder and have met the reserve price. In consequence you cannot change your bid after a lot has closed.
How do I know when I have successfully bid for a lot?
When a live or a timed auction has finished, you will find details of lots you’ve won in the 'My past bids' section of 'My Saleroom'. Please note that you are not guaranteed to have won the lots listed in 'My Saleroom'. The auctioneer's records are the definitive version of the auction. The auctioneer will contact you to confirm you have won and arrange payment.