Buying is simple & easy at The Auctionarium
How to buy at The Auctionarium:
First you must register as a bidder, then identify the items that you are interested in, look them over to make sure that it's something you want, bid up to your price, pay for the items and take them with you or have them delivered.
Roman rules of the Auctionarium date back over 2000 years and are simple, yet firm.
- Everything is sold as-is where is, with all faults and no warranty other than clear title.
- Everything is available for inspection before the auction by qualified bidders
- Everything sells to the highest bidder with no minimum bids & no reserved prices.
- Everything must be paid in full prior to removal. (30-days for real estate)
The rules are simple just like the trillions of dollars in corporate equities that are traded every weekday on the stock exchanges. No minimum bids & no reserved prices, everything sells to the highest bidder. Click here for the Roman Rules of the Auctionarium.
To bid at our live Auctionarium events the steps are simple:
Arrive early to inspect the items you want to bid on for yourself. There is plenty of parking and valet parking is available auction day.
REGISTRATION TO BID IS FREE
ONLY PAY FOR WHAT YOU WIN
Online bidding requires a valid credit card
Inspect the items you plan to bid on, they are usually on display at The Auctionarium or available at published times and days. Homes being sold at auction are usually held open for previews at least two to three times prior to the auction. Be sure to check the website or call if you have any questions. Click here to learn more about buying real estate at auction.
Bidding is done through the cry of the auctioneer. The auctioneer will ask for a bid amount all you need to do is raise your bid card or let one of our Auctionarium assistants know you want to bid.Bidding will continue in the increments established by the auctioneer until there are no further raises in the bid price.
The Auctioneer will "knock down" or declare the item sold to bidder number _____ and the Auctionarium clerk will register the winning high bid in the records.
In the event of any dispute the Auctioneer shall be the sole arbiter and the auctioneers decision shall be final.
On occasion there will be a dispute that a bid was not heard or acknowledged by the auctioneer. The Auctionarium's job is to deliver the highest price possible and may, on occasion reopen the bidding if a dispute is made at the time the item is declared sold.
Payment must be made in cash or cash equivalent.
A personal or company check will only be accepted if accompanied by a bank letter of guarantee as follows: "We will guarantee payment of checks written on account #_____________ up to $____________ for purchases made at your auction sale on _______________. This letter must be written on bank letterhead and signed by a bank official. No third party checks will be accepted. Please note that all checks should be made payable to The Auctionarium, Inc.
10% Buyers premium
The Auctionarium, Inc. charges a 10% Buyers premium which is added to the high bid price.
California sales tax is charged on all purchases, except:
- Real Estate which is transferred using a local escrow company.
- Re-sellers who have a valid California resale certificate on file stating the items are being purchased for resale.
There are no refunds or returns on any items sold at the Auctionarium.
Some items may have a guarantee provided by the seller. In those rare cases there will be an announcement with the item description and by the auctioneer when it comes up for bid.
The Auctionarium provides free bidder and broker seminars on a regular basis. Please check our website or contact us if you would like to learn more about how to buy or sell at The Auctionarium.
More Information:
Please use the links below for more information on buying at auction:
