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People also ask
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How does bidding work on HiBid?
Place a Bid: Once you find an item you want to buy, enter your maximum bid amount. HiBid will automatically bid on your behalf up to your maximum limit. Bidding Increments: Each auction has specific bidding increments for the minimum amount by which your bid must increase over the current highest bid.
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How do I pay for items on HiBid?
INVOICE PAYMENT REQUIREMENTS & TYPES ACCEPTED: Online bidders pay by credit card listed on the registration. The payment method online is restricted to the card you register for the auction. You can not change the card information after the auction registration, so be sure to use the card you intend for us to charge.
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Can an individual sell on HiBid?
Whether you're an auctioneer seeking to upload lots and hold auctions through HiBid or an individual seller looking to consign items for sale, we make the entire process as easy as possible.
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How do HiBid auctions work?
The HiBid platform supports three different types of bidding: Webcast Live Bidding – allows internet bidders to bid live against floor bidders. Internet-Only Bidding – for auctions conducted completely online. Internet Absentee Bidding – used for pre-bidding prior to a live, in-person auction.
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How does the auction process work?
The auctioneer announces the prices, and the bidders call out their bids until no participant is willing to bid higher. The process ends when the auctioneer accepts the highest final bid. This type of auction is commonly used for selling wine, antiques, tobacco, and art.
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