How do the auctions work?
The auctions are timed online only auctions.
The entire catalogue is auctioned automatically, in order, one lot at a time.
When the auction moves to a lot it will pause
for a few seconds to see if there are any more bids.
If someone bids then there will be another pause for any further bids.
Once there have been no bids for a few seconds
the lot will be sold and the auction moves on to the next lot.
When can I start bidding?
In general, bidding will commence around 48 hours prior to the live auction time.
Once pre-bidding has started you can commence placing your absentee bid limits.
You can also bid live during the auction.
Can I pay by credit card?
Yes credit card charges will apply, or you can pay by cash, bank cheque or EFTPOS.
How do I get my bidder's number?
Firstly you need to be registered to bid, click here to register.
When you register you will be given a permanent paddle number which
will come up every time you logon to an auction.
The paddle number is important to identify yourself when you want to pay.
When can I start bidding?
In general, bidding will commence around 48 hours prior to the live auction time.
Once pre-bidding has started you can commence placing your absentee bid limits.
You can also bid live during the auction.
If I leave a bid limit ahead of the auction, will bidding start at my limit?
In general bidding will start well below your limit and the system will bid for you
until you get the lot or the limit is reached. In fact where the bidding starts is up to
the auctioneer, the only time bidding could start at a left limit is when the
limit is below the reserve price.
If I place a bid limit does bidding jump to that limit?
No, the system will bid for you, until the limit is
reached or you get the lot. You could end up paying a lot less than your limit.
Can I bid one increment at a time like I normally do at auctions?
While Interbid Live has a patented speed advantage that makes it the fastest
live auction webcast system in the world, there are still unavoidable
delays with Internet bidding. Unless you are reasonably quick there is a good chance
that a single increment bid does not make it to the auctioneer in time.
What's the best bidding strategy?
Selecting a lot and setting an absentee bid limit is really great
for giving you the best chance of getting a bid in no matter how fast the
auction goes. If you can, set the absentee bid limit to about 80%-90% of the maximum
you would pay and then if the bidding approaches the absentee bid increase it
to your maximum. Note this bidding tip relies on increasing your limit before
the bidding gets to it, so you always have an active limit in place.
Its an art, but worth a try.
I left a bid limit well ahead of time, but the lot sold for that exact amount to someone else?
It is not uncommon for the bidding pattern to fall such that you don't get your
final bid at your absolute limit. It is entirely up to the auctioneer
whether they take a live bid from the auction floor or a bid form the Internet.
Will I get notified if I'm outbid?
An outbid notice email will be sent to you if you're outbid during the pre-bidding stage.
Outbid notice emails are not sent if you're currently logged into the auction or during the live auctioning of the lot.
Can I view my bids?
Clicking "View My Lots" will display the lots you have bid on.
If you favourite a lot by selecting the box in the bottom right hand corner of the lot
it will also be displayed when you click on "View My Lots".
How can I pratice using the system?
If you have not used the bidding system before its very important you try the
offline demo before the auction.
