Attending Your First Auction
Attending your first auction can be a nervous experience. Disregard urban legend about scratching your nose and buying a car! Contact one of our Aumann Auction Staff and they will be happy to assist you. Don’t be intimidated, auctions are fun!
An auction catalog is a list of items to be sold, in the order they will sell. Each item has a "lot number," which denotes its sale order, and a description. Catalogs with photos are available online. Catalogs are usually posted at least one week prior to the auction. Printed auction catalogs are available by contacting our office; prices of these catalogs vary.
Ways to Bid
Auctions are open to the public and free of charge. Aumann Auctions offers five ways to bid and participate in the auction. 1.) Bid in person at the auction. 2.) Place an Absentee bid in advance of the auction. 3.) Be on the phone with one of our representatives on auction day. 4.) Pre-bid on lots at our website. 5.) Bid live during the auction by using our convenient online bidding system. Click Here to read detailed explanation on the different bidding methods.
Before the Auction
Inspection - Before bidding on an item, you should thoroughly inspect it. If you have questions - just ask! A member of the Aumann Auction staff is always available during the preview to assist you with condition assessment and identification.
Registration - All bidders are required to register. Locate the cashier station and they will assist with your bidder registration. You will also need a valid driver’s license or photo ID. If you plan to spend a large amount, check with us to see if a Bank Letter of Guarantee is required for the auction. You will then be issued a Bidder’s Number. You are ready to go now!
Payment Options For Bidding In-Person:
Cash, Credit Card, or Valid Check- U.S. dollars ONLY
For purchases over $10,000, a Bank Letter of Guarantee is required.
During the Auction
If you wish to bid, simply hold up your hand or bidding card when the auctioneer calls a bid that is acceptable. If someone advances the bidding, after your bid, the auctioneer will come back to you. If you wish to continue bidding, just hold up your bid card again. If you do not wish to bid again, shake your head no. An Aumann Auction representative will be happy to assist you during this process. Just let us know!
After the Auction
After the auction is over, or when you are done bidding for the day, it is time to pay for your purchases. Visit the cashier, and they will check you out and issue you a receipt so that you may leave with your merchandise. Items cannot be removed from the auction site until paid in full.
If you have left absentee bids via AumannAuctions.com, or used our live bidding platform or an Absentee Phone Bid your credit card will be charged subsequent to the auction, so be sure to have adequate credit available. Usually in the following week the items are shipped out.
You must be logged in to place online bids. If you do not have an account created, click the Create An Account link in the upper right hand corner of your screen to begin creating your account. Once your account has been created, you will need to log into the catalog of your choice and agree to the terms and conditions. After the auction company approves your registration, you can place your bid(s).
Place Your Bid
Once you have logged into MarkNetAlliance.com, you may place a bid from an individual lot on the catalog or lot detail page. Multiple-lot bidding within an auction is available on the catalog page.
Verify Your Bid
Before your bid is finalized, you will be prompted to confirm your bid amount.
Depending on the auction company, the buttons may be phrased differently. For example: Max Bid, this will allow you to enter your max bid and the system will continue to bid for you by increments until it reaches your max bid.
ForceBid/JumpBid is a bidding strategy by which a bidder increases the bid by more than the next accepted bid (placing your bid at $150 when the next accepted bid is $125). This practice is used by some bidders to discourage others from bidding in hopes of acquiring an item at a lower price. There are many theories on the effectiveness of this practice and a bidder who wishes to apply it does so at their own discretion. The auction company will not lower the price of an item that has been won by a "forced" bid with no other competing bids.
If the Ultimate Choice Bidding Platform is being utilized there is no max bidding feature. Once you have clicked on the lot or combination of lots and click get price you then have two options. You can simply click submit bid to enter the bid at the amount displayed or you can enter a higher bid in the space provided. Your bid will be implemented at this amount. This is not max bidding, so the bid will be placed at the exact amount you enter.
Once your bid has been submitted, your bid becomes a legally binding offer to purchase the item(s) or property being auctioned.
Keep Track of Your Bids
You will receive an email notification if you have been outbid (if elected, you can also receive a text notification). Notifications can be configured from your Profile Settings page.
Live On-site Bidding
Live on-site bidding is simply coming to the live event in person. You will register with our cashiers and bid as normal.
If you have received our listing and you do not have or are not going to have access to the Internet before or during the auction, absentee bidding may be your option. To leave an absentee or bid simply call our office and request an absentee bid form. By absentee bidding you leave your maximum bids and we implement them for you.
You may call our office prior to the live auction and request to phone bid on items you are interested in. For phone bidding, an Aumann representative will contact you by phone and relay the auction bid price to you. We do, however, at our discretion limit the number of phone bid lots.
Pre-Bid on Lots at our Website
As we are a part of MarkNet Alliance, a national network of auction companies, we are able to provide you with our own online bidding services. To use this service, a user account needs to be created. Once this is done you will now be able to leave absentee bids on our website. To access this catalog, click the "View Lots" button; this is located inside the "View Auction Page". Notice: this catalog will only be available to leave absentee bids up until 24 hours prior to the auction.
Live Online Bidding
During the auction, a live stream of the audio will be broadcast for you to hear. If you are a registered bidder, you may bid on items as they are on the block simply by pressing the “Bid” button on the live streaming interface.