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Abram Gromov
Abram Gromov

Bid And Buy Auction



When you add a Buy It Now option to auction-style listings, buyers can either purchase your item right away at the Buy It Now price or place a bid. In most categories, the Buy It Now price must be at least 30% higher than the auction price.




bid and buy auction



Some lots are offered subject to a reserve, which is a confidential minimum price below which such a lot will not be sold. The record of sale, kept by the auctioneer and clerk, will be taken as absolute and final in all disputes.


1. Live Bidding Live bidding is the traditional method of bidding at our auction center. Prior to bidding, all bidders must register to receive a bidder number. To bid in the auction, simply raise your bidder number for the auctioneer to see. Successful bidders will collect and pay for their items as full payment is required on auction day.


2. Online Bidding Online bidding allows you to bid via the internet from the comfort of your home. An Online Only Auction takes place over an extended period of time versus a Live and Online Auction which allows you to bid in select live auctions via the internet.


Live and Online Auctions are conducted in front of a live audience. During these events each item presented in the auction is also available for bidding in an online venue hosted by the Alderfer Online Bidding platform or a third party provider.


Auction is open for pre-bidding until (date,time), at which time pre-bidding will cease and the auction will go live at the auction center (no live audience, just our auctioneer and auction staff). When the auction goes live, lots will be sold one at a time, in numerical order, by a live auctioneer who will be taking bids from multiple online bidding platforms, absentee and phone bids. During pre-bidding you are able to submit a max (maximum) bid. The bidding platform or our auction staff will bid on your behalf up to the maximum bid that you have entered. Once the auction goes live if you wish to increase your bid you will have to wait until that lot opens for bidding and enter any additional bids manually.


In an auction-style listing, sellers name a starting price and you bid against other buyers. You can keep track of your bidding from the Bids/Offers - opens in new window or tab section of My eBay. When the listing ends, the highest bidder wins the auction and pays for the item.


You acknowledge and agree that we may, in our sole discretion, extend the length of the auction if bids are submitted in the final moments of the auction, to allow potential buyers the opportunity to bid prior to the end of the auction.


1. Browse our e-catalogues on Sothebys.com from your computer or mobile device.2. Visit our pre-sale exhibitions, which are open to the public. View upcoming auctions.3. Register to receive e-mail alerts so that you never miss a sale in your area of interest.


Online RegistrationYou also may register on Sothebys.com by selecting Register to Bid from the drop-down menu under the Auctions heading. This will link you to an upcoming events page. Simply choose any auction and click on the Register to Bid button for that event. The detailed pages for each auction also provide the option to register. To be eligible to bid, please be sure to complete your application 24 hours prior to the auction.


Watch your bids! If you are outbid in an online only auction, you will be notified on the auction catalogue page, by email, and by push notifications (if enabled on your smartphone). In a live auction, you will be notified on the auction catalogue page and by push notification, but not by email.


After your lot has closed, you will be notified on the auction and lot detail pages as well as via email. If you are the winning bidder, you will receive an invoice shortly after the auction including your total charges along with payment and property collection instructions.


Absentee bid: A maximum bid placed ahead of the auction which will be executed on your behalf by the auctioneer during the live auction, at the lowest price possible and never for more than the maximum bid amount you indicate. Successful absentee bidders will be notified after the auction.


For auctions with absentee bidding, your maximum bid will be executed by the auctioneer on your behalf during the live auction and you will be notified if you were successful after the live auction. You can increase your maximum bid at any point ahead of the live auction.


All of Sotheby's auctions are free and open to the public, and there is no obligation to bid. Most auctions are held during the day, except for occasional evening sales, which require tickets. You may also watch our auctions online.


After the auctioneer starts the bidding, they will accept incrementally higher bids until a sole bidder remains. This final bidder purchases the lot. However, if the bidding fails to reach the reserve price, the lot will pass unsold.


After item procurement, pricing your silent auction items can be your next biggest challenge. And you thought all you needed to do was simply gather enough item donations! Never fear, use this blog as a resource to ease your pricing worries.


For example, if you are including AirPods or a $100 gift certificate to a popular restaurant in your silent auction, the FMV would be the retail price of AirPods and the amount on the gift certificate would be the FMV.


The general rule of thumb is to not go above or below 30-50%. It is a balance of not starting the bidding too low and reducing the return on your auction, while also wanting bidders to be invested in the bidding process.


For example, school auctions typically see crazy gamification and bidder engagement with something as simple as parking spots. You know this intangible item sells, so set a higher starting bid (and continue to raise it year-over-year)!


If there is a healthy ratio between guests and silent auction items, there should be a solid number of bids on each item in your silent auction. If it takes more than 5-8 bids to get to 70% of FMV, then your increments are too low.


Heritage Auctions sells a wide array of NFT collectibles, from digital art like pieces from Beeple's The Everydays, to the first Emoticon, Dapper Labs' Top Shots, and a CryptoPunk from Larva Labs that sold for $362,500.00. We sell NFTs at public auction via our website, and private treaty sales. Check the auction schedule for upcoming auctions, plus NFTs you can buy now.


We work with artists and creators to offer unique NFTs. We even worked with the creator of the first emoticon to auction an NFT for nearly a quarter million dollars in September 2021. Contact Heritage Auctions to inquire about selling your NFT.


About Digital Artist Beeple Beeple, the alias of Mike Winkelmann, is an American artist who posts digital art every day in a series appropriately titled The Everydays. He is best known for the sale of his collection The Everydays: The First 5000 Days as a non-fungible token (NFT) which went for nearly $70 million at auction. His work often uses political and pop culture imagery and is heavily influenced by science fiction and dystopian themes. Read more and see Beeple art values sold at auction.


In September 2021 Heritage Auctions partnered with Professor Scott E. Fahlman, the Carnegie Mellon University computer scientist who first typed the smiley and frowny face emoticons, to auction his original message and first usage of the first emoticons to the winning bidder via NFT. This NFT auction sold for $237,500.00.


Member Liz Yang, chiming in from on board an American Airlines plane, said that she hoped to put the money to good use. "I feel like we set the bar so high," said Yang. "We need to do something equally as epic, whether it's a future auction, but that's for the people to decide."


"Everyone who buys in, they get a portion of the governance token of the DAO, and they can then use that token to vote on where the Constitution should actually be custodied," Ma told CNBC prior to the auction. The crypto contingent had been weighing different museums and libraries across the country, including the Smithsonian and the New York Public Library.


The idea started up a week ago thanks to an exchange of semi-joking Twitter messages about making a bid on the 1787 first-edition printing. It is the first time in 33 years that one of the thirteen surviving copies of the historic document has been up on the auction block. The copy was previously owned by New York philanthropist Dorothy Tapper Goldman.


According to the group's FAQ, Sotheby's does not allow DAOs to bid directly, nor did the auction house accept anything other than government-issued currencies for this lot, although it accepted the cryptocurrency ether for the first time ever for two works by renowned street artist Banksy earlier in the evening. Know-your-customer compliance is also required, which is hard for a collective comprised of thousands of investors.


In a Scheduled Auction, specific start and end times are chosen, along with an optional starting price. The auction will start and end at approximately the specified times, whether or not any bids meet the starting price. Scheduled auctions are good for when you know you want to sell a piece during a specific time frame, as part of an event, or in order to make the auction an event of its own.


A: No. The offers and auction bidding systems are separate and do not interact. If you configure an auction, you are opting out of the Offers and Purchase features for the duration of the auction.


A: Scheduled Auctions can be canceled before they begin. Reserve Auctions can be canceled before the reserve price has been met and the auction is initiated. If a Scheduled or Reserve Auction has begun, it cannot be canceled.


A: Similar to how you start an auction, you can cancel them from the 3-dot menu on an artwork when viewed in your "Collections" page (or "Creations", if the piece is your original artwork). Please note, this is currently unavailable on mobile. 041b061a72