How bidding works with internet absentee bidding using HiBid on hueckmanauction.com

This post was written by Scott

 

This video attempts to explain some questions that people have about absentee bidding.

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2016-08-17

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What is a Buyer’s Premium and why do Auction Houses charge them?

This post was written by Shanna

 

A lot of people don’t understand what a buyer’s premium is or why auction houses even charge them. Not every auction house will charge a buyer’s premium, however more and more auction houses are choosing to charge a premium.   So what exactly IS a buyer’s premium? Simply put, a buyer’s premium is a additional charge, usually a straight percentage, that a buyer is charged based on the hammer price. This becomes the actual price that the buyer is charged for the item when checking out. For example, if Bob is the winning bidder on a table and chair set […]

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2016-08-16

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What Is The Difference Between An Online Auction & Online Absentee Bidding?

This post was written by Shanna

 

In the world of auctions and estate sales, it is sometimes confusing as to how things work with technology becoming more and more a part of our lives. We hope to be able to help you get a deeper understanding of these things by answering common questions to the best of our knowledge. One question that we get asked a lot is “What is the difference between an online auction and online absentee bidding?”.   Online Auction: An online only auction is automated and takes place solely online. The bidding for each lot is opened at the price set by […]

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2016-07-27

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