 |
|
|
|
|
|
| Frequently Asked Questions |
|
|
| How does an auction work &
what do I do? |
|
|
| What is the cost of your auction? |
|
|
| What is the Buyer's Premium? |
|
|
| Do I have to register to attend
the auction? |
|
|
| How do I bid on the item(s) I
want to buy? |
|
|
| How do I remove the items I purchased? |
|
|
| Do I have to pay sales tax on
my purchases? |
|
|
| |
|
|
| How does an
auction work & what do I do? |
|
|
You don’t have to be a seasoned auction attendee
to be able to experience the thrill of auctions. Santa Margarita Auction
Barn is glad to welcome new bidders to our auctions. And though almost everyone
has heard the old story about the person who attended an auction, scratched
his nose and came home with an item he’d not intended to buy, pay
no heed to that myth.
Feel free to just get your feet wet — don’t think you have to
go to your first auction ready to bid. Attend an auction or two at our auction
site to get a feel for how they are conducted. Watch and listen, then move
on to bidding if that makes you comfortable.
Always remember that at our auction you’re free to ask a question
if you don’t understand something. Our Auctioneers and staffs want
people to continue to come to keep coming back, so they’ll do all
they can to encourage repeat business! Ask a question of a member of our
auctioneer’s team, and they’ll find the answer for you.
When you arrive at our auction site, register for a bidder number and read
the rules printed on or displayed on posters, brochures or handouts. Again,
ask questions if you don’t understand a policy. Inspect the merchandise
you’re interested in, as most is auctioned on an "as is, where
is" basis. This means it is not guaranteed. When you buy an item, you
become responsible for it. And, keep in mind that you’ll pay for the
items you purchase before you leave the auction, even if you aren’t
taking everything with you that day.
In order to bid at an auction, you need to make contact with the auctioneer
or the ring person. A ring person is someone who takes bids from the audience
and then passes those on to the auctioneer. To bid, hold up your bid card,
your hand or shout "yes." The auctioneer or ring person will make
eye contact with you, take your bid and immediately turn and seek another
bid. You can remove yourself from the process at any time by shaking your
head "no" or saying "no" if the auctioneer or ring person
turns your way. Should an auctioneer or ring person misinterpret any of
your signals, simply report the mistake right away.
|
|
|
|
|
|
| What is the cost of your auction? |
|
|
| Commission rates are as follows: |
|
|
| |
35% |
|
$0.00 - 50.00 |
| |
30% |
|
$51.00 - $99.00 |
| |
25% |
|
$101.00 - $200.00 |
| |
20% |
|
$201.00 - $1000.00 |
| |
15% |
|
$1001.00 and up |
|
|
|
| Advertising, cleaning and set up is an auction service. |
|
|
|
|
|
| What is the Buyer's Premium? |
|
|
| The Buyer’s Premium is a percentage, normally 15%
that is added to the final bid. For example, if the normal 15% Buyers Premium
is imposed on a lot that is sold for $100.00, the total purchase price,
exclusive of any applicable sales tax would be $115.00. |
|
|
|
|
|
| How do I register to attend
the auction? |
|
|
| No, you may attend as an observer without bidding. If
you would like the option to bid, you should register the morning of the
auction, during the auction, online or the day before at the preview of
the assets, you need to obtain a Bidders Number. Before you are given the
Bidders Number you will be asked to read the terms and conditions of the
auction and sign the said terms and conditions . . . agreeing thereto before
you receive your bid card. |
|
|
| |
|
|
| How do I bid on the item(s)
I want to buy? |
|
|
| After you have registered and obtained your bidders card,
you simple raise your card in the air to get the auctioneer’s attention.
The auctioneer will acknowledge your bid and ask for the next bid. If there
are no further bids the item is yours. It’s that simple. |
|
|
|
|
|
| How do I remove items I purchased? |
|
|
| Items can be paid and picked up anytime during the auction.
We are open the Monday and Tuesday following any Sunday auction, from†8am
to 4pm for items that have been sold. No items will be removed until payment
has been made. |
|
|
| |
|
|
| Do I pay sales tax on my purchases? |
|
|
| Yes, unless you have a valid resale certificate or your
purchases are being shipped out of state by a common carrier. |
|
|
|
|
|
October 3
