Get the free Telephone or Proxy Bidding Form - buyersbroker

This document serves as a form for buyers to authorize Buyers' Broker Ltd to bid on their behalf at an auction, either via telephone or proxy, and outlines the necessary steps and requirements for

How to fill out telephone or proxy bidding

How to fill out Telephone or Proxy Bidding Form

1. Step 1: Obtain the Telephone or Proxy Bidding Form from the auction house or its website.
2. Step 2: Fill in your personal information, including your name, address, and contact details.
3. Step 3: Specify the auction details, including the date and item numbers you are interested in.
4. Step 4: Indicate your maximum bid for each item you wish to bid on.
5. Step 5: Select whether you prefer to bid by telephone or proxy.
6. Step 6: Sign and date the form to authorize the auction house to place bids on your behalf.
7. Step 7: Submit the form according to the auction house's instructions, ensuring it is sent before the deadline.

Who needs Telephone or Proxy Bidding Form?

1. Individuals who are unable to attend an auction in person but still wish to participate in bidding.
2. Collectors or buyers who want to ensure they secure items of interest without being physically present.
3. Anyone interested in purchasing items at auction, particularly in situations where live bidding isn't feasible.

People Also Ask about

What is the difference between proxy and exact bid?

Crafting Your Bidding Approach You generally have two main strategies to choose from: the exact bid, where you set your bid to the precise amount you're willing to pay, and the proxy bid, which allows you to set a maximum limit and then the system automatically outbids others up to your max.

How do I fill out a bid form?

While a proxy bid allows the auction holder to increase your bid in increments as the auction moves along, a straight bid is a bit different. A straight bid means that you set the amount you're willing to bid, and that exact amount is bid on the item of interest.

What is an example of proxy bidding?

They will be trying to get the best deal for you and will therefore continue to bid on your behalf until you either win the item or your maximum bid is outbid by someone else. Here's an example: You want to bid on a golf package valued at $400. You submit a maximum proxy bid of $380. The highest onsite bid is $250.

What is the difference between proxy bid and exact bid?

The benefit of this approach is that the nominated bidder will have a better understanding of your motivations and wishes, and can use this to inform their bids in a way that our auctioneers can't.

What is a proxy bid?

There are two types of bidding in procurement: open or competitive bidding, and closed (“sealed”) or noncompetitive bidding. Competitive bidding takes place usually through the RFx process, which is detailed below. In contrast, some companies will also use noncompetitive bidding.

For pdfFiller’s FAQs

What is Telephone or Proxy Bidding Form?

The Telephone or Proxy Bidding Form is a document used by bidders to authorize someone else to bid on their behalf during an auction, either via telephone or in writing.

Who is required to file Telephone or Proxy Bidding Form?

Individuals who cannot attend an auction in person but wish to participate in the bidding process must file the Telephone or Proxy Bidding Form.

How to fill out Telephone or Proxy Bidding Form?

To fill out the Telephone or Proxy Bidding Form, a bidder must provide their contact information, specify the auction details, indicate the maximum bid amount, and authorize the designated proxy or telephone bidder.

What is the purpose of Telephone or Proxy Bidding Form?

The purpose of the Telephone or Proxy Bidding Form is to facilitate remote participation in an auction, allowing bidders who are unable to attend to still place bids through a trusted representative.

What information must be reported on Telephone or Proxy Bidding Form?

The information that must be reported includes the bidder's name, contact details, auction details, proxy bidder's name, any specified conditions, and maximum bid amount.