Whats up for May?
*NOTE 8PM START CLOSING TIME FOR ONLINE AUCTIONS*
#1) Auction OLD OTTAWA SOUTH HOME ON-SITE IN-HOME AUCTION
BIDDING OPEN NOW!
BIDDING STARTS CLOSING
TUESDAY MAY 22nd at 8PM (SOFT CLOSE WATCH YOUR LOTS)
PREVIEW BY APPOINTMENT ONLY
PICKUP IS ONE DAY ONLY THURSDAY MAY 24th NOON-7pm ONLY
LOCATION: Ottawa just south of canal

#2) Auction JUNE BUG ON-SITE WAREHOUSE AUCTION
BIDDING OPEN NOW!
BIDDING STARTS CLOSING
THURSDAY MAY 31st at 8PM (SOFT CLOSE WATCH YOUR LOTS)
PREVIEW BY APPOINTMENT ONLY
PICKUP IS Friday June 1st Noon to 6 and Saturday June 2nd 10-4 ONLY
LOCATION: 1523 Laperriere Ave.

NOTE: LOTS START CLOSING AT 8pm. We use “SOFT CLOSE” meaning at the 7:58pm mark a 2 minute countdown will start on the first 10 items. Similar to a traditional live auction, a live or real-time ascending price auction is a “soft close” auction with the human auctioneer declaring the item to be sold to the highest bidder once it is ascertained that no participating bidders are willing to make a higher bid.

Online bidding is automated and the CLOSING IS LOT BY LOT with 10 to 12 lots closing at one time. As each lot closes another will start the 2 minute countdown to close and so on. Once the closing has started each lot number will automatically have an estimated close time listed per lot. This can give you an “estimated time” if you want to check back. For example: If you are bidding on lot #100 and the auction started closing at 8pm the estimated time for lot #100 would be approximately 8:10pm (remember it is only an estimate so check back often)

As this is an auction, anyone can bid, and all bids are accepted until no additional bids come in. (the same as a traditional human auctioneer would)

“BID BY BID” Bidding - In order to assist you through the online auction bidding process we allow you an additional 2 minutes to react to an increase of “bid by bid”. If you have decided to bid that way you must be watching the online auction closing.

“MAXIMUM BID” bidding - If you placed your maximum bid from the start and someone bids against you, your bid will automatically increase by increment until the bidding stops. The end result is you win or you are outbid by someone who is willing to pay more than your maximum. Remember, it only takes one more bid to be “out bid” once your maximum is reached. So please place a bid you are willing to pay and are comfortable with.

WE HIGHLY RECOMMEND:
#1) You watch the closing of the lots starting at 8pm (7:58pm) until your lots are completely closed in order to secure your bids
OR
#2) Place the maximum bid you are willing to pay from the start so your bid is not based on time.

The live closing of these lots may continue up to 3 hours after the start of closing depending on the number of lots in a particular auction. Similar to a traditional live auction, a live or real-time ascending price auction is a “soft close” auction with the human auctioneer declaring the item to be sold to the highest bidder once it is ascertained that no participating bidders are willing to make a higher bid.

An online auction is the same as a live auction except 10 to 12 items are closing at the same time. As this is an auction, anyone can bid and all bids are accepted until no additional bids come in.

NEXTAuction
You have options! On the day of the auction, log on and follow along with the auction! Jump in and bid if your pre-bid has been exceeded or bid along with the on site crowd. (make sure your sound is on and click on “audio”) It's fun and easy!
#1- at the web site, click on the date
#2 - Log in or register if you are a new on line client
#3 - View the catalogue and submit your pre-bids!
#4 - On the day of the auction, log on and follow along with the auction! (make sure your sound is on)