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There’s nothing complicated about buying at auction, however to make sure the process is as straightforward as possible, we’ll take you through everything you need to know in this guide.
WHAT AUCTIONS DO WE HOLD?
So, first things first, what do we auction? We auction everything!
Our auctions include;
• Plant & Machinery
• Land & Property
• Catering Equipment
• Small tools
• Luxury goods; yachts, super cars, diamonds
• General items, e.g. bikes, household goods and jewellery
VIEWING PRIOR TO AUCTION
If you’re interested in buying an item, we always advise that you view it prior to auction. Viewings are usually the day before the auction takes place and on the day of auction. For some items, an appointment will need to be made, however this will be stated on the auction page on the website. All items are sold as seen, as explained in our
conditions of sale.
WAYS TO BID
We try to make the auction process as accessible as possible. We understand that you may not always be available to come to our physical auctions and that is why we provide multiple ways to bid;
- In branch
We find the most fun and exhilarating way to bid is to physically be in the auction hall. There can be a great buzz in the atmosphere and can be a great day / night out!
For most of our auctions, online bidding is available via ‘Livebid’. You will need to contact your local branch to register and will be provided with a username and password in order to log in to make your bid. The auctions are streamed live so you will be able to see and hear the auctioneer.
- Wilsons Auctions App
Download the Wilsons Auctions App to your smartphone and bid on the move! (Conditions may apply)
- Phone Bids
We will call you prior to your lot being announced. Once bidding begins, we will talk you through the bids as they progress and ask you at each stage if you wish to continue. This will carry on until you are successful, or tell us that you want to stop bidding.
- Commission Bids
Prior to the auction, you can leave your highest bid, in writing, with one of our team and this will be communicated to the auctioneer prior to the auction start time. The auctioneer will bid on your behalf and will only use the amount required to top the opposing bidder.
REGISTERING FOR AUCTION
On most occasions, we will require you to fill in a registration form and leave a deposit prior to the auction to enable bidding. If a deposit has been made by card, Wilsons Auctions will debit a further 10% of the purchase price at the fall of the hammer. Please note, if the deposit value covers the cost of the item, no deduction will be made. (Deposit amounts vary depending on auction type. Please contact reception for more details).
Your details will only be used for the purpose of the auction, unless you’ve stated that you would like to be added to our mailing lists.
For some of our car auctions, bidders are not required to register prior to the auction and are only required to leave a deposit when they have submitted the highest bid.
PROVISIONAL OR OUTRIGHT SALE
An item can be sold at auction in one of two ways; provisional or outright. Provisional means that the vendor has stated a reserve price and that, provisionally, your bid has been accepted by the auctioneer, until confirmed by the vendor. Outright sale means that the reserve has been reached, or that you are the highest bidder if the item is sold without reserve, and the item is sold to you. Your part payment will be taken off the final total.
Deposits will only be refunded in full, if you are an unsuccessful bidder or if your provisional bid is not accepted by the vendor. If you win a bid, the deposit will become part payment and will be deducted from the final purchase price. Cash deposits will be returned by cheque. If a deposit has been made by credit or debit card, please return to reception, where the refund will be put back on to your card.
CONDITIONS OF SALE
All of our auctions are conducted in accordance with our Conditions of Sale. We advise that prior to buying at auction, you read these terms and conditions carefully. You will find these in each auction catalogue or ask at reception.