Definitions for "Absentee Bid"
Related Terms:
Proxy bid, Bid retraction, Bidder, Outbid, Absolute auction, Bid siphoning, Sealed bid, Proxy bidding, Non-paying bidder, Deadbeat bidder, English auction, Auction, Bid cancellation, Public auction, Maximum bid, Auctioneer, Bid shielding, Reverse auction, Jump bid, Online auction, Bidder number, Minimum opening bid, Opening bid, Minimum bid, Auctions, Bid increment, Competitive auction, Telephone bid, Passed in, Winning bid, Dutch auction, Bidder, Invitation for bid, Ifb, Bid history, Sniping, Hammer price, Private auction, Shill bidding, Competitive bid, Reserve auction, Invitation to bid, Auction with reserve, Bidder search, Underbid, Award, Snipe, Bid wanted, Firm bid
This is a method of bidding for those who can not or do not wish to attend an auction in person. An Absentee Bid Form can be found here or you may pick one up at our gallery. The Terms and Conditions of Sale apply to all bids including absentee bids.
a bid placed on property before the auction sale either placed by written consent or phone and usually accompined with a certified check.
A bid on a lot left in advance of the auction with someone (often the auctioneer) by a bidder who will not attend.
a form you fill out and return to Sotheby's bid department via fax or mail
a written authorization for one of our representatives to bid up to a specified dollar amount for you when you can not attend the auction in person
A method of bidding for those who cannot or do not wish to attend an auction. Absentee bids are called “order bids” and may be placed with the Absentee Bid Form (found at the back of all Lifestyle Auctions catalogues or in the saleroom. Simply complete the form and return it to Lifestyle Auctions Client Services Department prior to the auction.
A bidding procedure that allows a bidder to participate in a physical auction that he or she will not be able to attend. Generally, the bid is submitted prior to the sale.
(also called Commission or Order Bid) - A bid from a buyer who cannot attend the sale.
A procedure, which allows a bidder to participate in the bidding process without being physically present. Generally, a bidder submits an offer on an item prior to the auction. The auctioneer or his representative usually handles absentee bids under an established set of guidelines. The particular rules and procedures of absentee bids are unique to each auction company.
A bid by a person not present at the auction.
A client's instruction directing the auction house to bid on one or more lots up to the maximum amount the client has specified for each lot. Absentee bids are also called written bids, commission bids, proxy bids and order bids.
Any bids placed by registered users before the start of the event. eBay Live Auctions will collect absentee bids up to the start of the sale. When the actual auction takes place, the winning Internet absentee bids are communicated to the auction house.
This is a way that you can bid even if you cannot attend the auction in person. Check with the auction of interest to see if this is available and how they make the bids for you. Many places allow written absentee bids, phone-in bids, and even online bidding. In written absentee bids, you tell them what items to bid on and how high you will go. In phone-in bidding, you are actually on the phone in person, but you have to let them know what you want to bid on. Online bidding utilizes a bidding platform which uses the Internet to transmit your bids. These practices vary from auction to auction so be sure to ask each auction company you deal with how they do it prior to bidding.
A procedure which allows a bidder to participate in the bidding process without being physically present. Generally, a bidder submits an offer on an item prior to the auction. Absentee bids are usually handled under an established set of guidelines by the auctioneer or his representative. The particular rules and procedures of absentee bids are unique to each auction company.
Allows a person to bid without attending the sale. The person submits, in advance, a written or oral bid that is the top price he or she will pay for a given property. Only the auctioneer knows this amount, and bids on behalf of the absentee bidder until the bidder either takes the item or his highest price is exceeded.
Any bid placed by a registered user before the start of the live auction event. If you are outbid prior to the start of the live auction, you will receive an e-mail notification. Successful buyers are notified by e-mail the day after the sale closes.