Are you looking to Bid, Buy or Sell?
Bidding, Buying or Selling is an easy process with Premier. We have conducted thousands of auctions and asset sales on behalf of a huge range of instructing parties. Feel free to contact us if you require any further information.
Information for Bidders and Buyers
LIVE CATALOGUE BIDDING
Bid live online as the auction lots close !
The Live Catalogue feature allows buyers to bid on lots directly as they close.
How does it work?
When the auction is 30mins from closing, a "Live Auction Catalogue" view will become available on the auction page. This is a special tile based view that becomes available when the first lot of an auction is within 30 minutes of closing. The tiles are "live" meaning that they are receiving real-time updates. The times counts down, new bids & bid amounts get updated, the bidder's status updates (winning/losing), all without any manual refreshing.
As the closing time of each lot is staggered by 10 seconds, buyers can bid in real time against eachother - just like they are attending a live traditional auction.
Below are some topics that you might find helpful.
Please feel free to contact our staff if you require any further information.
TERMS AND CONDITIONS
Generally, all assets sold under the auction hammer are sold as is, where is. No warranties apply. Please refer to the specific terms and conditions of sale for the asset that you are purchasing or bidding on.
In order to bid and purchase at Premier Auctions sales you must register for the sale before you begin bidding. Upon registering for an auction you are agreeing to adhere to the Terms and Conditions of Sale - please be aware that this is a binding contract.
- TRADITIONAL AUCTIONS
To register you will need to show appropriate identification (a current drivers licence) and complete your contact details on the registration form. A deposit may be required. Registration is free of charge.
You will then be assigned a buyer's number and will be given a buyer's number card. Use this card when bidding and for enquiries about your account.
- ONLINE AUCTIONS
To register for an online auction you will first need to create an online bidders account. You will use this account for online bidding at all future online auctions held by Premier. Once you have your account set up, you can register to bid at any of our online or absentee auctions.
The account creation process is very easy and free of charge.
Just follow the quick 6 step process below to create you account.
Step 1: Click on the "Go Directly to Bidding and Catalogues" button (at the top of this screen)
Step 2: Click on the "Login/New Bidder" button towards the top right hand corner of the website
Step 3: Click on the "Click Here If You Are a New Bidder" Button
Step 4: Enter and confirm your unique email adderss - each bidder account must have a unique email address
Step 5: Enter the information fileds to create your account. PLEASE SELECT NON US/CANADA AS THE STATE IN YOUR ADDRESS IF YOU ARE BIDDING FROM AUSTRALIA. THANK YOU!
Step 6: Select your account options to the settings that you require (remember to record you user name and password) and create the account.
Once your account has be created you can register for any of our auctions. Most of our Online Auctions will require registration with a valid credit card. Invoice amounts $1000 and below will be charged directly to your nominated credit card. Invoices over $1000 will have a $500 deposit charge to the nominated credit card - a 2.2% surcharge applies to all credit card transactions and will be added to the invoice amount.
- YOUR BIDDER ACCOUNT
Once you have logged in to our current auctions page, make sure that you take the time to look around your bidder account and the useful functions that it offers. Hover your mouse over your user name to see your account settings, watched items, past and current bids etc. There are also four coloured circles in the left hand bar that indicate bit status etc. for easy reference.
- TRADITIONAL AUCTIONS
Attending and bidding at an auction can be a daunting task the first couple of times. Here are a couple to tips to help you get started.
Always inspect the goods that you wish to purchase and read the terms and conditions of sale before you bid.
Remember to bring identification to the sale and register before bidding.
Listen to the Auctioneer and keep note of lot numbers.
When an item you wish to purchase is under the hammer, raise your hand at prices that you are willing to pay. Be aware of any buyers premium that will be added to the price so as to avoid any surprises when you go to settle your account.
If at any stage you are confused or believe that you have made a mistake inform the auctioneer or ask one of the auction house staff.
If you are unable to attend our auction but would like to bid on specific items, call us on (07) 3354-4200 and we will fax you an absentee bidder form or email us at email@example.com
- ONLINE AUCTIONS
Bidding on-line is a simple process that is time efficient and effective. Internet-only bidding is similar to absentee bidding with the exception that there is no live auction. Your bid will be used to place bids for items on your behalf against other bids.
Once you have logged on to your account and registered for the auction, you may begin bidding at the nominated open time.
To bid on an item, click on the auction catalague button and find the lot number that you intend on bidding for. You can either enter your bid amount from the catalogue view, or click on the item and enter your bid via the detailed lot view.
Do I need to be approved to bid?
Yes. The Auctioneer can approve or reject your signup for their auctions at their discretion. Being rejected from bidding on one auction does not necessarily mean that you will be rejected from signing up for other auctions.
The time it takes to approve you for an auction depends on the auctioneer. Some auctions are setup to automatically approve bidders, eliminating the need for you to wait.
How do I check on my bids?
Your bids can be viewed by logging into your account and clicking on the bids link next to the appropriate auction.
Maximium Bidding Explained.....
In maximum bidding, the bid amount you place represents the maximum amount that you are willing to pay for this item. Your maximum bid will be used to bid on your behalf until you win the lot or until bidding has exceeded your maximum bid amount. Please be aware that the nominated buyers premium will be added to your bid amount.
Times The Money Explained.......
Times the money bidding allows you to bid per piece when a lot has a quantity greater than one. For example: if you are bidding on folding chairs, and there are 10 folding chairs, you can place your bid for $5 times the money, meaning your total bid is for $50 ($5 x qty of 10).
Soft Close Explained......
A "Soft Close" ending for a lot means that if a bid is placed in the last few minutes, the bidding for that lot will be extended by another few minutes. This gives other interested bidders time to raise their bid before the lot closes. The Soft Close option is typically used for Internet-Only auctions.
Reserves Explained ........
A reserve is a minimum price that a lot must achieve to sell. Some lots may display the status of their reserve: Reserve Met or Reserve Not Met. The absence of this message does not necessarily indicate that a lot does not have a reserve. The option to display reserve status is decided by the auctioneer.
- TRADITIONAL AUCTIONS
Payment is strictly by cash, bank cheque, EFTPOS (cheque of savings accounts only), MasterCard and Visa. A bank surcharge of 2.2% applies to credit card transactions. All electronic transfers incur a $1.00 transaction charge.
- ONLINE AUCTIONS
Payment of invoice amounts $1000 and below will be charged directly to your nominated credit card. Invoices over $1000 will have a $500 deposit charge to the nominated credit card, with the balance payable by cash, direct transfer, bank cheque, credit card - a 2.2% surcharge applies to all credit card transactions and will be added to the invoice amount.
An email will be sent to your nominated email account detailing your invoice.
PICK UP OF GOODS
All goods must be removed from site within the timeframes nominated by the auction terms and condtions. Storage and abandoned items charges will apply to overdue items.
Information for Sellers and Vendors
LISTED BELOW ARE A FEW DETAILS FOR VENDORS INTERESTED IN AUCTIONING THEIR GOODS - FEEL FREE TO CONTACT US SHOULD YOU HAVE ANY QUESTIONS!
COSTS AND CHARGES
Premier looks to develop strong working relationships with all new clients and will always quote the best possible rates for your work.
For specific auctions, Premier will develop cost structures to meet your budget requirements.
If required, our Auctioneers will visit your site and inspect your goods free of charge - to determine how best to approach the sale of your assets.
When required, Vendors are able to set reserve or minimum sale amounts for their goods. This is a standard practise in auction rooms, however, the setting of reserve amounts is best done with input from an auctioneer.
Goods are put through auction to be sold, and vendors need to be realistic when setting reserve amounts for their goods.
DELIVERY OF ITEMS TO OUR SALES ROOMS
The delivery of items to Premier Auctions rooms is a vendor expense. Generally, vendors organise transport of their goods on their own behalf.
Premier, in conjunction with associated transport companies, can organise transport of items to the sales rooms on the vendors behalf at cost.
Delivery times are: 8am to 4pm Monday to Friday (excludes public holidays)
REMITTANCE OF FUNDS
All collected monies are held in our audited trust account. Full sale (lot by lot) and GST breakdowns are remitted to vendors within 10 working days from collection of the last payment.