Everything you wanted to know about auction bingo lingo–part 2

This post was written by Luanne


Welcome back to “Everything you ever wanted to know about Auction Bingo Lingo! As promised, here are a few more words that you may see and hear at live auctions. Terms & Conditions: Since I mentioned “Terms & Conditions” in “As Is” in the last blog , I figured I better define that. The terms and conditions are a list of the rules of the auction and certain aspects of the purchase/sale agreements. This list may include things such as items are saying that items are sold as-is, stating buyer’s premiums to be charged, the amount of sales taxes that […]

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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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How Does an Auction Work?

This post was written by Shanna


If you are new to auctions you may have many questions about them. One of these questions might be “How does an auction work?”. The answer to this question can vary depending on the type of auction that it is.   Let’s start by explaining what an auction is. An auction is where property is sold at a specific time and place to the highest bidder. Most auctions require a person to get a bidder number or other identifying item prior to bidding. When an item you want goes up for bid it will usually start low. The auctioneer will raise […]

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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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