Can U Get Your Money Back From Bidding In Skyblock

AUCTIONS 101 & Often ASKED QUESTIONS

If you've never been to an auction before, it can seem a little intimidating, and sound like anybody is speaking a foreign language: lots, bids, registration, hammer price, heir-apparent's premium, absentee… Our solution: take our Auctions 101 class. We hope all students an A!

Syllabus
In this class we'll cover the following. Raise your hand if you lot have whatsoever questions.

PART I: Before You Bid

Registration
What exercise I need to practice, and what does "annals to bid" hateful?

Trade
Where does all the stuff come from?

Part II: The Auction Action

Bidding
How is the stuff sold? Can I just buy stuff outright? How do I bid?

Payment
When do I pay? What forms of payment do you have?

Buyer'south Premium & Sales Tax
Why am I paying more than the selling price (what the heck is a Buyer'due south Premium)? I'm from Delaware, I don't pay sales taxation.

Pickup
I just paid, tin can I take my item? What if my item doesn't fit in my car tin I go it afterward?

Office Iii: Other Scenarios

Absentee and Phone Bidding
I can't exist here for the auction, merely I really want that detail! What tin I practice?

Role Iv: Glossary of Auction Terms

Before You Bid:

What exercise I demand to practice?

First, bring your driver's license with you. When yous go here, our recommendation is to first look effectually the exhibit a footling and see what'due south there! If the auction is already going on, heed for a little to get a feel for the auctioneer'southward mode. And then you lot should brand your way to the office (it's painted blue) to annals to bid at the sale.

What does "register to bid" mean?

In order to bid at the auction, you demand a bidder's number. That unique number is assigned to you, and so anything you lot bid on and win at the auction volition be identified by your number. To get your applicant'due south number we need some information nigh who you are, so nosotros'll scan your driver's license (name, address & driver's license # is all we get), and take your phone number and email address (email is optional, only see Absentee or Telephone Bid for why it's a good idea). Then we give you a bidder'south number carte du jour. It's that simple and painless. And nosotros NEVER share your info with anyone.

One note about your bidder'due south number: it's simply good for that auction, so the next time you come up, y'all'll accept to swing by the office and sign in to get that week'southward bidder number. All we'll need is your phone number (the last 4 digits to exist exact), to sign y'all in and requite you a bidding number.

Where does all the stuff come from?

We work with people settling local estates, people who are moving and downsizing, collectors who want to divest, and others. Rather than them selling their stuff on their own, nosotros sell their items for them in our showroom. That's how nosotros're able to offering such a range of merchandise each Friday. If information technology was in someone's dwelling, you'll find information technology at the auction.

The Auction Action

How is stuff sold?

Everything will exist sold at the live sale throughout Friday afternoon and evening. It typically takes u.s.a. nigh 8-9 hours to sell everything in the building each week. Items are sold in what the auction industry calls "Lots", and so each item or each group of items that goes up for auction at whatever in one case is considered a Lot. If y'all want to buy any lot, y'all'll have to bid–to compete with anyone else in the room who too wants to buy that lot–by indicating how much you're willing to pay for it. Our auctions are "Absolute" auctions, which means every lot sells to the highest bidder, and there is no reserve bid (an corporeality the lot must meet before information technology can exist sold).

Are there whatsoever guarantees?

No, there are no guarantees about any item in the sale. Everything we sell came from someone's dwelling. Yous are responsible for examining anything you lot're interested in before yous bid. All items in the auction are sold "As IS, WHERE IS", pregnant everything is sold in exactly the condition you lot run into information technology in.

Can I just buy things like at a shop?

No. Everything is sold by bidding during the sale.

Tin I bring stuff in to sell?

Everything in the auction is canonical prior to the auction by our evaluators. If you take things to sell, send us an email or requite us a telephone call to discuss.

Well then, how practice I bid?

Hither's a typical lot play-by-play:

The floor announcer picks upwardly an item (say, a ladder-dorsum chair). He/she volition describe it briefly, and the auctioneer will "open the bidding" by asking for an amount of money (say $10). If you want the chair and would pay $ten for it, hold upward your bid carte du jour. The auctioneer volition bespeak or nod toward yous to betoken he/she has your bid, and will immediately ask for more than coin (say $12.50) and look around the room for another bidder. If the auctioneer gets a bid for $12.fifty, he/she will come up dorsum to yous asking for a new college corporeality (say $fifteen). If you still desire the chair for $15, nod or wave your bid carte. The bidding will go dorsum and along with bidders jumping in or dropping out as the asked-for amount gets higher. If you're the last bidder, you win the lot for whatever your last bid was (also called the "hammer toll"). The auctioneer will announce "SOLD!" and volition phone call out your applicant's number.

I won! Now what?

Congratulations! If your item is small, the auction staff will probably bring it right out and hand information technology to you lot. Larger pieces of article of furniture volition exist moved to the side abroad from where they're selling. One dominion applies to both scenarios: you are responsible for your items from the moment the auctioneer says "SOLD" and calls out your applicant number.

If there are still items y'all want to bid on, go along bidding. If you're all finished for the night, make your fashion dorsum to the office, and nosotros'll have your neb ready for you.

What forms of payment do you take?

Nosotros accept Cash, personal check, VISA, MasterCard, and about debit cards.

Wait! The invoice amount is more what I bid. What gives?

Our auction (like other auctions) charges a small fee to the heir-apparent (the industry term is Heir-apparent's Premium) on top of the selling price of the item. The Heir-apparent's Premium is a pocket-sized pct (in our case xviii%, discounted to fifteen% for payment past Cash or Check) of the selling toll, which is added to the selling toll to get your purchase amount. The sale house keeps this fee, which allows us to go along our sellers' committee rates competitive so nosotros can keep bringing in great merchandise for you, however still see our overhead expenses.

You actually pay this fee all the time on just near anything you buy in a shop, merely it's hidden in the already-set shop price tag. Since you ready the selling price at the auction, the fee is more visible.

What well-nigh the PA Country Sales Revenue enhancement?

Since the auction takes place in Pennsylvania all the merchandise is sold in Pennsylvania, and is subject area to Pennsylvania state sales taxation. Even if you're from Delaware, sorry. If you're buying for your business and plan to re-sell the item and you have a PA tax exemption number, we'll add that to your registration and you won't have to pay the tax.

Now that I've paid, can I just have my detail(s)?

Yeah. If you need assist loading anything, only inquire any of our staff. We're happy to assistance.

My detail is also big for my automobile, I accept to borrow a truck. When else tin I pick information technology up?

We're open on Saturdays from 9am-3pm; Mondays – Wednesdays from 8am-5pm. It's actually helpful for us if you can have big items removed from the showroom by Midweek, since we'll be setting upwardly for the next auction.

Other Scenarios

I can't stay for the auction, only I really want that particular! What can I do?

In a nutshell: tell u.s.a. what item you lot're interested in, and how much you're willing to bid, and we'll bid for you. We have a form you tin can fill out either in-person at the showroom, or online. If you want to bid live during the auction but can't attend, we can gear up up a telephone bid. We'll call you lot just before your item comes upward, and bid with you live on the phone.

That's it in a nutshell. If yous have additional questions, don't hesitate to enquire. We beloved new customers, and are e'er happy to aid a newbie catch auction fever!

Glossary of Auction Terms:

Absentee Bid: A bid you identify before the auction if yous are unable to nourish the sale. The maximum amount you'd be willing to pay for an particular (AKA: lot). A staff member volition do the behest on your behalf, and we'll notify you by email after the sale if you were the highest bidder for your particular(s).

Absolute Auction: A blazon of auction in which every detail (lot) sells to the highest bidder, with no reserve.

Appraisal: Briggs Auction conducts Estate Appraisals, which are written and notarized documents prepared by our appraiser list the fair market value (what people are typically willing to pay) of personal holding (someone's belongings). Typically used for manor tax purposes.

AS IS/Where Is: Sale term used to indicate that all items will be sold exactly how & where y'all see them at the time they are offered for auction. No guarantees.

Auction: A public sale in which goods are sold to buyers (bidders) competing against each other to until the bidder willing to pay the highest price gets the item.

Bid: The dollar amount a bidder is willing to offer for a lot.

Buyer's Premium: A percentage of the selling price that will be added to the selling price to make up one's mind the applicant's total purchase toll

Consignor: The seller of the items.

Hammer Price: The final bid amount when the auctioneer says "SOLD!". Many auctioneers actually bang a gavel or other "hammer"-type musical instrument at that moment.

Knock Down: The end of the bidding, AKA the "SOLD!" moment. As well named from the banging of the gavel when the auctioneer closes the lot.

Lot: One detail or group of items that is put upward for bid at any i time. For case: a sofa, a six-piece bedroom ready, a tray of costume jewelry, etc. would each be considered ane lot.

Personal Property: The actual items someone owns, every bit opposed to "Real" property, which is country/buildings (i.eastward. Real Estate). Our weekly auctions are Personal Property auctions.

Reserve: A confidential amount specified in advance of the auction by the seller and/or auction house below which an item may not be sold. Briggs Sale, Inc. does not employ reserves.

Telephone Bid: Bidding in real fourth dimension over the telephone during the auction if y'all are unable to nourish the auction in person.

Source: https://briggsauction.com/faqs/

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