
Absentee Bidder Form
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People also ask
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What does absentee bidding mean?
What is Absentee Bidding? Absentee bidding allows you to participate in an auction without needing to be physically or virtually present. When you place an absentee bid, you set your maximum bid in advance, and then the auction house (in this case, Thomaston Place) bids on your behalf during the live auction.
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What is the difference between an auto bid and an absentee bid?
Absentee bids, also called advanced auto bids are bids that are placed in advance of the auction by a bidder. They can be left at any time prior to the auction or even during the live auction providing that lot is not currently being offered or has already been sold.
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What does absentee mean in auction?
An absentee bid, also known as a commission bid, is the maximum bid amount you want entered into the auctioneer's book. The auctioneer will then bid on your behalf when the lot comes up during an auction.
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What is an absentee bid?
Absentee Bids (also known as Left Bids or Order Bids) are a form of silent bidding in which the bidder does not bid live. Instead the house executes bids on their behalf. The bidder will express in writing their top bid limit in the form of a dollar amount for each lot they wish to bid on.
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How do I make a bid form?
Here are the key elements every bid proposal should include: Client's name and contact information. Your business name and contact information. A detailed project description. Services or products provided. Pricing estimate. Terms and conditions. Estimated timeline.
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What is the difference between an autobid and an absentee bid?
A. An absentee bid is where the auctioneer (or staff) will bid on your behalf, and attempt to buy the lot at the lowest possible price. An autobid is where your maximum bid is kept secret, and bids are taken from you automatically, simulating a live online bidder.
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Is it better to bid early or late in an auction?
The only way to guarantee a win is to bid more than what the item is worth. But if you don't want to do that, then all else being equal, bidding late will give you a better chance than bidding early.
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What happens if there is only one bidder?
If there is only one bidder, unless the starting price is the same as the reserve, there's a fair chance that the property will not sell. However, some auction houses engage in a (completely legal) process called “off the wall” bidding.
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