Timed Auctions: How It Works
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Timed auctions run without an auctioneer calling out the bids - so there is no live bidding area, or livestreaming audio and video.
Once this period of time has ended, no more bids are taken the lot is sold to the highest bidder, as long as the reserve price has been met or exceeded.
Tell us your maximum bid, sit back, relax, and our system will do the bidding for you. Our system is designed with smart bidding in mind, meaning it will only bid just enough for you to stay in the lead, or meet the reserve price.
To leave a bid, go to the lot page and on the right hand-side you will see the bidding information such as End Time and Starting Bid.
Enter your maximum price on into the box as seen below and click Place Bid.
- We will email you confirmation of your bid.
- If your maximum bid does not meet reserve, we will send you an email letting you know.
- If another bidder outbids you, we will also let you know - in case you decide you really want the lot after all and want to increase your bid.
If you are unable to place a bid, check you are logged in and registered, and then double-check that the auction has started. If the auction has started, you will not see a start time.
If a bid is placed in the last 5 minutes of the lot due to end, this end time will be extended by a further 5 minutes to prevent bid sniping.
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THE 3 R'S - REASONS TO BUY AND SELL AT AUCTION
Reduce, Recycle, Reuse...................
Sale of Ivory
This Auction we have a few ivory pieces for sale and you will notice that we have included a Submission Reference number in the Lot description. Following on from the Ivory Act of 2018 new Government regulations dated 6 June 2022 mean that if you intend to sell ivory, it must fall below 10% of the total volume or within the approved exempt list and also be registered or certified as exempt. If the item is to be exported, you will need to check if an export permit is required. Currently the cost to apply for exemption is £20 and you will need to provide photos, a description and declare that your item meets the relevant exemption criteria, failure to do this may lead to a significant fine. Full information can be found on the gov.uk/guidance/declare-ivory-you-intend-to-sell-or-hire-out site. The new legislation has had an impact on ivory sales and in many cases, it is not worth paying for the exemption. It is not illegal to own ivory and our advice would be to keep it, give it away as a gift or leave it to someone in your will.
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We're Back!
We just had our third online only auction on 5 September. It went well.
Gold & Diamonds
Expect to see a lot of people walking around dripping with diamonds if recent sales are anything to go by..