The Windsor
Advantage...
 |
| Home
|
First
things first, what exactly is a Live Auction? Participating in a Live Auction Event is just like attending a land based auction in which you are given a paddle and you are competing for items that interest you! However, instead of using a paddle, you are bidding via the click of a mouse! Live Auctions are utilized by auction houses wishing to move overstock, antiques, jewelry and estate items. The buyer's may be resellers, retailers, wholesalers and even consumers! TIP: Anyone can attend a Live Auction Event! However, many buyer's who attend Live Auctions have an interest in specific items. Those who resell jewelry attend Live Auction Jewelry Events and those who are into collectible memorabilia attend Collectible Live Auction Events. Essentially, there's something for everyone! Why do resellers retailers and consumers attend Live Auction Events? Simply put, resellers's retailer's, wholesaler's (and even consumer's who find a Live Auction by accident - for the first time) attend Live Auction events to "source" product for resale. Consumer's seeking to buy jewelry for Christmas gifts, attend our Live Auction Events and found that they can complete their Christmas shopping in just a few short hours and pay "pennies on the dollar" for jewelry and gems, which would otherwise, carry a hefty price tag at their local jewelry store! What better place to source product which HAS to be sold? Buyer's can sit in the comfort of their own home and watch the items paraded before them (and with a click of a button) purchase enough product to last them for days or even weeks. TIP: Live Auction seller's (such as Windsor Auctions) specialize in Jewelry, Gems and Antiques! We allow buyer's to use product descriptions and pictures to resell what is purchased through our Live Auction Events! We understand that "time is money" and allowing buyer's to copy and paste our pictures and descriptions to resell product saves the reseller time and allows the product to be resold quickly! However, the only way this is a win-win for the buyer is if they receive the merchandise quickly! We turn our orders around within 48 hours, which gives the reseller the advantage to quickly start relisting product for resale. The Live Auction Bidding Process: The auction starts. As an Internet bidder, you will first see a picture of the lot and its opening price on your screen. The price will change as Internet and floor bidders begin placing bids. Both the current bid amount and the highest bidder will be indicated. If the highest bidder is an Internet bidder, you will see the words "Internet Bidder" next to the bid. In the case of an offline bid, "Auction House Floor" will be shown. Bidders may place a bid by clicking on the "Bid" button which is displayed on the screen. TIP: It's best to update JAVA on your computer, as the Bidding Applet is JAVA based and will not open unless you have JAVA loaded on computer. The bid button is always updated to reflect the current ask price - the amount that the auctioneer wants for the lot. You can also bid by pressing the enter key or the space bar. The auctioneer can choose to take bids from Internet or floor bidders at any point. Like a referee, the auctioneer has full authority to decide which bids to acknowledge as well as the current price. Before closing a lot, the auctioneer will send a Fair Warning, signal (a message will appear on the screen), indicating that bidding for the item is about to end. It is in these final seconds when all final bids are requested and the lot is finally closed and won by the "High Bidder". International Live Auctions: Live Auction Events can take place from every part of the world so make sure to check the auction currency for each live auction event. Since live auctions can be conducted in different currencies, bids and payments must be made in the specified auction currency. TIP: If the auction is taking place in the United Kingdom, you must check to see if the bid is in British Pounds GBP (which could nearly double the amount you pay in U.S. dollars) in addition, their may be VAT tax and a Buyer's Premium - which could add up! Windsor Auctions bids are accepted in U.S. dollars only! Absentee Bidding: An auction may be listed on the Split Second Auctions site for a week, day or even a month before the "actual" live auction date. You are permitted to place an proxy bids from the time the auction is listed up until one hour prior to the auction start time. When you find a lot on which you want to bid you must register to participate in the corresponding auction. Once you're approved, you can go back to the lot page and input the maximum amount you are willing to pay for the particular lot in question. This amount is your absentee bid (left bid). TIP: Remember - You are NOT required to place an Absentee Bid! Approved bidders can place absentee bids up to one hour prior to the start of the live auction event. Once the auction starts, all the absentee bids are processed and calculate the winning absentee bid the second highest bid plus one bid increment. Can Anyone Attend a Live Auction Event?
Buyer's Premium: A Buyer's Premium is a percentage of the final bid price that the buyer must pay to the auction house. It is a fee charged by the auctioneer to assist with the costs of offering the item for sale. The buyer's premium is part of the total purchase price of an item. WINDSOR AUCTIONS DOES NOT IMPOSE A BUYER'S PREMIUM! The premium is a percentage of the final price of a lot (item). For example, if an auction house charges a buyer's premium of 15 percent for amounts below $1,000, you will be required to pay an additional $15 for a lot totaling $100. Bidder Etiquette: Remember, those who attend a Live Auction Event are entering into a "real time auction environment". Do NOT place a bid if you do not intend to pay for the item.
Current
Offerings... Click
on the Link Below to View Current Offerings:
|
Copyright 2005, Windsor Auctions at Sea. All rights reserved.