You MUST register on auction day and receive a Bidder Card in order to bid. At registration you must present a current picture ID and complete and sign the Bidder’s Contract.
Property being sold “Absolute” means the property will be sold to the highest bidder, regardless of the high bid price. Once bidding begins, it must be sold by law, no matter how low the winning price is.
An auction where the property is being sold with a reserve means that the property is being sold subject to seller confirmation. When a property is being sold absolute it will be sold to the highest bidder regardless of price.
A Buyer’s Premium is a percentage amount paid by the buyer and added to the highest successful bid to determine the final contract price. For example, if the Buyer’s Premium is 10% and the Buyer bids $100, the Buyer will pay $100 for the item plus $10 Buyer’s Premium for a total of $110.
Yes, but you must also bring with you to the auction a Bank Letter of Guarantee. This is a requirement for both business & personal checks. A blank Bank Letter of Guarantee can be found here.
No problem! You can check out multiple times during the auction. Simply pay for the items you want to remove, and then show your receipt to the Key Auctioneers representative at the door as you take the items to your vehicle.