Bid in a Reserved Auction
A Reserved Auction is conducted through our standard Timed Auction system, which offers a convenient and transparent bidding experience.
Reserve met or not met
In a Reserved Auction, lots may have a starting bid that is equal to or lower than the reserve price. Bidders receive a clear notification after placing a bid indicating whether the reserve price has been met.
If the reserve price is not met, the lot will not be sold, even if you are the highest bidder at the close of the auction.
Once bidding reaches the reserve price, the lot becomes eligible to sell , but bidding does not stop. The auction continues, and the winning bidder is the person who places the highest bid at the close of the auction. If you are the highest bidder and your bid meets or exceeds the reserve price, the lot is sold to you.
Location of the lot
Please check the location of the lot on the item description page. Equipment may be located in our yard or at an external location. The indicated location is the pick-up point of the lot if you win it.
Two Ways to place bids
Manual bids
Manually enter a bid based on the next bidding increment. This allows you to actively participate in the auction and adjust your bids as needed.
Set a maximum bid
Let our system bid on your behalf by entering the maximum amount you're willing to bid.
The system will place the lowest bid required to keep you in the lead.
If someone outbids you, the system will automatically increase your bid up to your maximum.
In the case of a tie, the first bid placed wins.
You can adjust your maximum bid anytime before the lot closes.
Closing time extensions
To promote fair bidding, any bid placed near the closing time will extend the lot’s closing time. This gives all bidders an equal opportunity to respond before the lot is sold.
Group lots
All lots within a group have similar characteristics and share closing times. When time is running out, any new bids placed on a lot within this group will cause additional time to be added to the closing time of all the lots. Grouped lots give bidders the opportunity to bid more strategically with fewer time constraints.
Ready to Bid?
By understanding these rules, you can confidently participate in our Timed Auctions and secure the items you need.
Inspect before you bid
Items are sold "as is, where is." Check photos online or visit the site for in-person inspection. We also offer a detailed inspection report through inspection service.
Fees
A transaction fee applies per lot purchased, with additional charges for extra services.
Bidding & buying terms
All items sell to the highest bidder with no reserves. Bids are final. Owners cannot bid on their own items.