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Auction Terms & Procedures

Welcome to paineauctioneersonline.com

HOW TO BID
There are two ways to bid on an item. Bidders may use either method or combine methods to develop their bidding strategy.

1) Absentee bid. 2) Attending auction in person.

Note:First Time Visitors Must get a User ID and Password. This may be accomplished by clicking the "First Time Visitor" link on any page. If you would like to leave Absentee Bids you must Register for that auction by selecting the auction on the online home page under the Live Auction heading and click the Registration link.

1) Absentee bids allow registered bidders to submit a confidential maximum bid on an item that will be executed on their behalf. Your bids will start at one bid increment over the current bid and will increase one increment if you have been outbid up to your maximum bid. Should the bidding stop before your maximum bid is reached you will be the successful bidder at the lower bid. Absentee bids can be submitted on any item. Please note that Bidders must register and place absentee bids within the time scheduled defined in the Terms and Conditions of that Auction. To leave an absentee bid you must select an auction under the "Live Auction" heading, click on the item you wish to bid on, and enter your bid. You then will be prompted to enter your logon ID and password. After placing your bid you will see a summary of your bid on the next screen (Please Note that Buyers Premium and Tax are not reflected in your bid summary. Buyers Premium and Tax are defined in the Terms and Conditions for each Auction. Please note the auction type you are bidding on. Absentee bids will not be valid until you establish credit with Auction Company. Click here for auction type descriptions.

2) Live bidding on the internet.
Internet bidders may bid against the live event audience in real time as the event is taking place.
a) To participate select the auction you wish to participate in under the "Live Auction" heading. (When the auction is in progress you will see "live now" displayed as the date).
b) Enter your logon ID and password to enter the bidders screen.
3) Attending auction in person. You may also bid by attending the auction on location. The address where the auction is being held will be displayed under the Auction Details. When you arrive our staff will be happy to assist you.