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Can someone bid on your behalf?

A person who intends to bid on behalf of someone else will need to show the agent a letter of authority to bid for that person (unless they have power of attorney). The letter must include the persons name, address and identifying number of their proof of identity. The agent does not have to keep a copy of the letter.

How does an absentee bid work at an auction?

An absentee bid enables you to bid and walk away without having to worry about actively participating in the auction at the right time. You can leave just one bid or set a maximum amount so that Invaluable will place incremental bids on your behalf to ensure you remain the highest bidder up to your maximum bid.

How do you place an absentee bid?

Your absentee bid will be submitted in advance, either by written means or by phone to the auctioneer. You set a limit on how high you are willing to go for the item, which will not be disclosed to anyone else before the auction. The auctioneer will perform the bidding process as usual.

Can anyone attend a Sothebys auction?

All of Sothebys auctions are free and open to the public, and there is no obligation to bid. Most auctions are held during the day, except for occasional evening sales, which require tickets. You may also watch our auctions online.

How do you start a bid?

Determine the fair market value With auctions, bidders are looking for a deal. You should set the starting price below fair market value to show your guests the potential for a great deal. Setting the starting bid around 25-30% of the fair market value gives bidders the chance to win the item well below market value.

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