Pricing & Bidding FAQ

Q: How does your pricing and bidding work?

A: Let’s discuss it.

• All items are marked with a starting price at the beginning of the sale. You may purchase any item for the original price on a first-come basis at the sale.

• If the item is priced over the minimum for bidding (normally $20, but sometimes up to $50) then you may place a blind bid for that item at any amount over 25% of the original price. Bid forms are placed around the sale venue, and a ballot-type bid box near the checkout register.

• At the end of each day, we process any bids for unsold items that are over the next day’s reduced price (more below on reduction %). We then contact and inform the high bidder that they won the item. The bidder is then committed to purchase the item at the bid amount. Usually pickup and payment can be arranged any time prior to sale’s end.

• Any unsold and unbid upon items get reduced the next day (depending on sale structure, usually by 25% the second day, 50% on the third day, and 75% off on the last day).

• For example…if something is priced at $100 on an opening Friday, you may purchase it at that price. OR you may bid any amount over $25. Keep in mind for your bid to be processed before the next sale day(s) it must be over the next reduced price.

• Essentially it operates like a reverse auction. We try to price very competitively from the start, and it’s never wrong to pay the marked price if you really want it and don’t want to risk losing it. But we also understand the desire to get something for less. Our advice is to bid what you’d be willing to pay, and not try to outsmart the system.

• If you have any questions, please e-mail at the address below or inquire at the sale and we are happy to help.

• As always, good luck!