Bidding in the Auction Room
There is nothing like the buzz of bidding in person in an auction room. These five steps are all you need to take to make it possible
Find the artwork you want to buy and select ‘Bid in the room’
Sign into your account and ‘Request Paddle Number’ for the auction you want to buy from
You’ll then be emailed your auction paddle number. This number is unique to you and that specific auction. This means that you can bid on any work in the auction, but if you want to bid in another auction you will need to request a new number.
Take your paddle number to the auction. You can either print it out as a paper copy or save it to your phone or tablet.
Now you are ready to start bidding!
The auctioneer will begin by announcing the price level where the bidding is going to start for your artwork. If you are happy with this price, then just give them a wave to show you are keen to buy the work. The auctioneer will acknowledge your bid and then look to see if there is anyone else who also wants to make an offer for the artwork.
If you are outbid by another person (i.e. they offer a higher bid) the auctioneer will always come back to you to see if you would like to bid again. Bidding follows a set pattern of ‘bidding increments’. But if you are ever in doubt of what the next bid will be, just ask the auctioneer. They want to make the auction as easy as possible so will be more than happy to tell you.
The bidding keeps going until there are no further bids at which point the lot is sold to the highest bidder – if this is you then congratulations! Now show your paddle number, either as the printed copy or via your mobile, to the auctioneer who will make a note of your number. The invoice will be quickly emailed to you and once paid you can take the artwork home!
Placing an absentee bid is one of two ways (see telephone bidding) for you to bid if you can’t join the auction in person. It is also known as ‘proxy bidding’ and is very simple - the auctioneer places bids on your behalf as if you were in the auction itself.
You can place absentee bids on multiple works and at any time ahead of the auction.
Here is the easy way to make it happen:
Find the artwork you want to buy and select 'Leave Absentee Bid'
Sign into your account
Enter your ‘maximum absentee bid’ – the highest amount you are willing to pay for the artwork.
Once received, this bid will be passed to the auctioneer. When they start the auction of the work you are wanting to buy, they will tell everyone that they have an absentee bid and will be bidding on your behalf. Don’t worry, you will stay anonymous and they won’t use your name.
If there are no other bidders, then the auctioneer will sell it to you at the reserve (the minimum price at which the lot can sell) – congratulations!
However, if there are bids from other people, including other absentee bids, the auctioneer will bid against them on your behalf using the standard increment steps.
The auctioneer will never go higher than your maximum amount and will never increase your bid if there is no one else bidding. Absentee bidding closes three hours before the auction begins.
Bidding on the telephone is the second way to bid (see absentee bidding) if you can’t join the auction in person. It is very easy to do and here are the steps to make it happen:
Find the artwork you want to buy and select ‘Telephone Bid’
Sign into your account
Enter your telephone number and select the lots you want to bid on. You can also leave ‘Emergency Bids’ for The Auction Collective to make on your behalf, in case we can’t get through to you on the telephone.
One of the Auction Collective team will then give you a call during the auction.
They will call you well before your auction lot is due to be sold. This will allow plenty of time for you both to get ready for when the bidding begins.
When the lot comes up to be sold, they will describe what is happening in the auction room, what the current bid is and ask whether you would like to join the bidding. The language of the telephone bidders is very clear and will often go as follows:
And so on. The aim of telephone bidding is to recreate the auction room atmosphere and bidding opportunities. We want to give you the same freedom and ease to bid as if you were in the auction room itself.
If you are the successful buyer in the auction, then congratulations! Your details will be passed to the auctioneer and invoice sent.