Live Webcast Bidding

If you are new to live online bidding these Do’s & Don’ts will help you make the most of utilizing online bidding during a live auction.

Quick Tips:
*Register early.
*Review the online catalog early. List questions to be answered including additional photos if you can’t attend the inspection.
*Attend the inspection! While we attempt to post enough information for online bidders to bid, nothing beats seeing it.
*Know the Terms of Sale. Pay for your winning lots the following day
.

Q: How do live online/simulcast sometimes referred to as “Webcast” auctions work?
A: Live online auctions work just as if you were there at the auction site bidding in person. The auctioneer calls each lot’s bid. The current bid amount is transmitted to your device. You can also hear the auctioneer on a live audio feed. You bid online against the audience and others who are online. Your online bid is transmitted to the auctioneer’s earpiece. The auctioneer calls your bid to the floor and the online administrator transmits your bid to others online, all in real-time.

Q: Can I leave bids online for the remote administrator to work in for me so I do not have to watch each lot?
A: Yes you can leave bids online before the auction begins. These are similar to “proxy bids” or “left bids”. The remote administrator will call your bid to the auctioneer.

Q: How do I register to bid?
A: To register to bid simply follow the link on the specific auction page to Registration. If this is your first time bidding online enter the information required by Bidspotter to register. REMEMBER YOUR USER NAME AND PASSWORD! You will then be able to sign up for our auction (and any other auction on Bidspotter) by entering additional information at our auction page. We will review your request and either approve you or contact you for additional information that may be required to approve your registration. If you have previously registered with Bidspotter simply sign up to bid at our auction. If you have a problem completing the registration process please contact us for assistance
.

Q: What about the inspection?
A: Inspection is highly recommended. You can inspect the equipment on the designated days specified for inspection or by contacting us and requesting an earlier appointment
. Be aware: images associated with lots online are for guidance only. All lots are sold as seen, as they lie, at the auction site and not by digital image.

Q: How do I enter the online portion of the auction?
A: Go to our auction page and click “Sign Up”. Enter your user name and password and enter the auction.

Q: How is my bid made?
A: You bid by typing your bid into the field for the specific lot. The remote administrator will call your bid to the auctioneer.

Q: Can I wait until the very end of the bid calling to make my last bid?
A: You can, but this is not Ebay and you might lose the lot. When the auctioneer calls “Sold” the bidding ends and the auctioneer recognizes the winning bidder. Depending on the speed of the auctioneer at the time you may not get your bid in on time. Stay on top of it. Snooze…….you lose.

Q: How do I know when a certain lot will come up for bid?
A: At our live auctions we sell at a rate of approximately 90-100 lots per hour. You can set alerts for your lots that you are interested in bidding. Be sure to check intermittently for the progress of the auction.

Q: Can I bid from my mobile device?
A: Yes. This technology works across all digital platforms. PLEASE DO NOT BID AND DRIVE.

Q: What happens when I win a bid?
A: You will be emailed an invoice. PLEASE BE SURE TO PUT SIAAI.COM AND BIDSPOTTER.COM ON YOUR SAFE SENDERS LIST. Review the invoice for accuracy. If you are paying by check contact the office and confirm your attendance at the auction site the following day, or confirm shipment of an approved payment method. If you are paying by credit card you can make payment through the Bidspotter portal or you can present your card at the auction site the following day. NO PAYMENTS BY CREDIT CARD ARE ACCEPTED BY PHONE. Make arrangements to collect your winning lots.

Q: Are Sales Taxes charged if I win a bid online?
A: Yes unless you have a current, valid Resale/Tax Exempt Certificate issued by your state or local government. Be sure to provide resale/tax-exempt proof prior to invoicing, preferably at registration. Email a copy to the office via
office@siaai.com

Q: How do I remove equipment and lots I have won?
A: Once payment has been received, the Purchaser is required to remove the equipment at their own expense within the time allotted in the Terms of Sal
e.  The Bidder is responsible for arranging for pick up and/or shipping of the equipment from the auction location. Removal is at the sole expense and liability of the Bidder. Bidders must pick up equipment within the date specified for the specific auction. Information on Riggers and Packing Services is provided on our website as a courtesy and no endorsement of any service is made by Salvadore Auctions.

Good luck! Remember: keep bidding until the auctioneer tells you your bid is too much!!!!!

Additional questions? Contact us: 401.792.4300 or auctions@siaai.com