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ABSENTEE BIDS Bidding Increments September 17, 2011, Auction 1109 PERCY Please print clearly, and place bids in sequential order. We reserve the right to round any off increment bid to the next lowest
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How to fill out absentee bids bidding increments
How to fill out absentee bids bidding increments:
01
Start by obtaining an absentee bid form from the auction house or organization hosting the event. This form will typically be available on their website or can be mailed to you upon request.
02
Fill out the required personal information on the form, such as your name, address, phone number, and email. This information is necessary for the auction house to contact you if your bid is successful.
03
Review the auction catalog or website to identify the lots you are interested in bidding on. Each lot will have a unique number or identifier that you will need to include on the absentee bid form.
04
Determine the maximum amount you are willing to bid for each lot and write this amount in the bidding increments section of the form. Bidding increments are predetermined amounts that the auctioneer will use to increase the bidding during the live auction.
05
Be aware of any additional fees or charges that may apply, such as buyer's premium or taxes. These details should be clearly stated on the absentee bid form or provided separately by the auction house.
Who needs absentee bids bidding increments:
01
Individuals who are unable to attend the live auction in person may choose to submit absentee bids. This could be due to scheduling conflicts, geographic distance, or other personal reasons.
02
Collectors who have a specific interest in certain items or lots being auctioned may use absentee bidding as a way to participate in the auction and have a chance to acquire their desired items.
03
Potential buyers who prefer the convenience of submitting bids in advance, rather than actively participating in the live auction, may opt for absentee bidding.
Overall, absentee bids bidding increments are beneficial for individuals who want to participate in an auction remotely and set their maximum bids in advance, ensuring they have a chance to acquire the desired items without being physically present at the auction.
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What is absentee bids bidding increments?
Absentee bids bidding increments are set increments by which bids placed by absentee bidders are increased during an auction.
Who is required to file absentee bids bidding increments?
Potential bidders who are unable to attend the auction in person and wish to place bids ahead of time.
How to fill out absentee bids bidding increments?
To fill out absentee bids bidding increments, bidders must follow the instructions provided by the auction house and submit their bids in the specified format and increments.
What is the purpose of absentee bids bidding increments?
The purpose of absentee bids bidding increments is to ensure fair and competitive bidding among absentee bidders by setting predetermined increments for bid increases.
What information must be reported on absentee bids bidding increments?
Absentee bidders must provide their contact information, the lot number(s) they wish to bid on, and their maximum bid amount.
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