Get the free PROXY BID FORM - IRS Auctions

AUCTIONEERS www.irsauctions.com pH: 7178540316 Fax: 7178437826 PROXY BID FORM Today's Date: Auction Date: All Information is Required Name of Auction: Your Name: Company Name: Mailing Address: City:

How to fill out proxy bid form

How to fill out a proxy bid form:

1. Obtain a proxy bid form: The first step in filling out a proxy bid form is to obtain the form itself. These forms can usually be obtained from auction houses or online auction platforms.
2. Read the instructions: Before filling out the form, it is important to carefully read the instructions provided. This will ensure that you understand the process and any specific requirements for submitting a proxy bid.
3. Provide your contact information: The proxy bid form will typically require you to provide your name, address, phone number, and email address. Ensure that this information is accurate and up to date.
4. Identify the auction item: Clearly specify the item or lot number you wish to place a proxy bid on. Include any relevant details such as the item's description, artist, or manufacturer.
5. Determine your maximum bid: Decide on the maximum amount you are willing to bid for the item. This should be the highest amount you are willing to pay, as it represents the maximum limit for your proxy bid.
6. Complete the bidding instructions: Indicate on the form whether you want your proxy bid to be an open or closed bid. An open bid allows the auctioneer to increase your bid up to your maximum amount, whereas a closed bid keeps your maximum bid confidential.
7. Sign and date the form: Once you have filled out all the necessary information, sign and date the form. This serves as your agreement to abide by the auction's terms and conditions.
8. Submit the form: Finally, submit the completed form to the auction house or online platform according to their specified instructions. It is advisable to double-check that all the required fields are properly filled out before submitting the form.

Who needs a proxy bid form:

1. Bidders unable to attend the auction: A proxy bid form is particularly useful for individuals who are unable to attend an auction in person but still wish to participate and place bids on items of interest.
2. Busy individuals: Those with busy schedules may find it more convenient to utilize a proxy bid form, allowing them to bid on auction items without having to be physically present during the auction.
3. International bidders: Proxy bid forms can be essential for international bidders who are unable to travel to the location of the auction. This allows them to participate in the auction remotely and bid on desired items.
4. Bidders with scheduling conflicts: In situations where a bidder has another commitment or scheduling conflict that coincides with the auction, a proxy bid form provides a solution by enabling them to still participate in the bidding process.
5. First-time bidders: People who are new to the auction world or unfamiliar with the bidding process can use proxy bid forms as a way to get involved without the added pressure of bidding in real-time. It allows them to carefully consider and set their maximum bid in advance.

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What is proxy bid form?

Proxy bid form is a form that allows someone to bid on behalf of another party in an auction or bidding process.

Who is required to file proxy bid form?

Any individual or entity who wishes to bid on behalf of another party in an auction or bidding process is required to file a proxy bid form.

How to fill out proxy bid form?

To fill out a proxy bid form, one must provide their own information as well as the information of the party they are bidding on behalf of, along with details of the bid they wish to place.

What is the purpose of proxy bid form?

The purpose of a proxy bid form is to allow someone to bid on behalf of another party who may not be present or able to bid themselves in an auction or bidding process.

What information must be reported on proxy bid form?

The proxy bid form must include the bidder's information, the information of the party they are bidding on behalf of, and details of the bid being placed.