News

Understanding a Timed Auction

Timed Online Auctions are purely online auctions - there is no auctioneer - so thankfully for these sales, there are no one-liners or sub-standard jokes! Additionally, it is not possible to bid by telephone or leave a commission bid direct with ourselves for this form of auction. Online Autobids can be left via your online bidding account.

Create an online bidding account

Before you can start bidding, you must create an online bidding account. The auction shall be hosted on our website through Leighton Live and also Easylive Auctions. If you already have an account for either of those sites, then please proceed to register as per normal.

Register for an auction

Once your online bidding account has been set up, log into your account, find the auction you are interested in and click the ‘Register to bid’ button.

When your auction registration has been approved, you can start placing bids.  Please ensure you register at least 24 hours in advance of the auction closing to ensure you are approved in time.  New registrants should also check the ‘Important information’ link for the relevant auction, for details on cut off times for new buyers. This is purely to allow enough time to set up and verify your account details should any problems arise.

Bidding period

Each lot can be bid on ‘online’ over a defined period of time.  At the end of the period, the bidder who has submitted the highest bid wins the lot, provided the bid meets or exceeds the reserve price, if a reserve has been set. 

All timed online auctions have an end-time displayed on the lot page. You can bid at any point from when the auction opens to when it closes. On the final day, lots start closing at 30 second intervals.  However, if there are lots of last minute bids on a particular lot, subsequent lots could close before bidding has finished on an earlier lot, for example, the lots might not close sequentially.  See below for further details on lot extensions, snipe bidding and how to keep track of multiple lots.

Placing a bid

So you’ve found the lot you’d like to bid on.  On screen you will see the ‘Current bid’ as well as the next bid amount (if there are no bids on the lot yet the 'Opening bid' amount will show).  Enter your maximum bid, in other words the most you are willing to bid using our pre-determined bidding increments, and we do the rest. We will bid intelligently for you, bidding just enough to keep you in the lead up to your maximum bid. Your maximum bid is confidential and only you know what your top bid is. The software will bid on your behalf whilst trying to win it for the lowest price possible.

When you place your bid, you’ll see on screen immediately if your bid is high enough to make you the ‘leading bid’.  If at any point someone bids higher than your maximum bid, the on screen message will change to "You have been outbid" and we will also send you an ‘outbid alert’ via email to let you know, so you can decide whether to bid more or not.

Sniping, lot extensions and how to keep track of multiple lots

If a bid is placed within the last 5 minutes of the defined time period, a ‘lot extension’ kicks in and keeps the lot open for a further 5 minutes. This is to stop ‘sniping’ – a practice used by bidders to place bids in the last few seconds to prevent other bidders being able to respond before the auction closes. 

Please note that the extension of one lot’s closing time does not affect other lots’ closing times. However you can keep an eye on more than one lot by setting your screen view to display multiple lots and in order of lots closing soonest.  This allows you to see bidding activity on multiple lots and bid quickly accordingly in just two clicks.

After the auction has closed

Please note, once the lot has closed, you will not see a message on screen to confirm whether you have won the lot or not, but you will have had a message to say if you were in the lead or not as the lot closes. After the auction has finished the lots you have won or lost will be showing in your online account (see "Won lots" and "Lost lots"). 

You will also receive an email with your invoice and a link to pay your invoice electronically as well as collection and shipping information. Where auctions finish late in the afternoon or evening, invoices will be sent out the following day. You are welcome to pay by cash or card upon collection, or by bank transfer or card if being shipped.

To create an online account or register for an auction, please click here.

If you have any questions about our first timed auction or to know more information about a lot, please do contact us via the following means:

Call 01785 561799.

Email us at info@leightonhallauctions.com

Whatsapp to 07376 039387.

Top Tips

1. To avoid disappointment, please ensure you register for an auction at least 24 hours in advance. 
2. Bidding increments: As per our normal auction, Leighton Hall Auctions uses pre-determined bidding increments. For further details, please refer to the 'Important Information' link for each sale.
3. Remember that at an auction it is up to you, the bidder, to satisfy yourself about the condition of an item. Ask for additional photos and a condition report if you need them. You can also view the objects in person at our salerooms. Please check the relevant auction details for a viewing day.
4. Make sure you are aware of any additional charges on top of the hammer price (ie the winning bid amount) such as buyer’s premium and VAT on the buyer’s premium. In some cases there are additional fees such as ARR (artist’s resale rights) or import vat. Lots with additional fees will be marked accordingly.
5. Always read the auction Terms & Conditions before bidding.