Absentee Bid Form - GreenBid Auctions 2025

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The document is an absentee bid form for Green Bid Auctions, Inc., allowing clients to place bids on auction items without attending in person. It outlines the process for submitting bids, the terms and conditions of the auction, and includes a disclaimer regarding the execution of bids. Additionally, it mentions a 13% buyer's premium on winning bids and provides contact information for unresolved complaints.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Do you have to pay if you win a bid?

Consequences for Failing to Pay a Winning Bid If you win something at an auction, you are legally bound to pay the agreed price once the hammer falls. Youre liable for the deposit on auction day and the rest of the purchase price, plus fees, by the completion deadline (typically 28 days after the auction).

What is the difference between an auto bid and an absentee bid?

The Autobid feature is the same as the absentee bid in a Live Auction. With the Autobid, you can submit your maximum bid and then the computer will bid on your behalf against other bidders until either the auction is over or your maximum is exceeded.

Is it better to bid early or late in an online auction?

Avoids Technical Issues If youre participating in an online auction, bidding early ensures that you dont miss out due to last-minute internet connectivity problems or system glitches. Ensure your internet speed is reliable using this speed test tool.

What does absentee bidding mean?

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.

What happens if you bid at an auction and dont have the money?

Youre liable for the deposit on auction day and the rest of the purchase price, plus fees, by the completion deadline (typically 28 days after the auction). If you cant pay the deposit, you may face legal consequences. The auction house and seller can demand that you pay the amount specified in your contract.

What is the 15 minute rule in bidding?

Think of the Extended bidding 15-minute rule as a new mini-auction. It starts at 8:00 and goes to 8:15. If one or more bids are placed during those 15 minutes, then another new mini-auction will take place at 8:15 and go until 8:30.

How does an absentee bid work?

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.

Absentee Bid Form - GreenBid Auctions 2025

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How to edit Absentee Bid Form - GreenBid Auctions in PDF format online

See more Absentee Bid Form - GreenBid Auctions versions

Complete this form in 5 minutes or less

Got questions?

Do you have to pay if you win a bid?

What is the difference between an auto bid and an absentee bid?

Is it better to bid early or late in an online auction?

What does absentee bidding mean?

What happens if you bid at an auction and dont have the money?

People also ask

What is the 15 minute rule in bidding?

How does an absentee bid work?

Related links

Try more PDF tools

Absentee Bid Form - GreenBid Auctions 2025

Here's how it works

How to edit Absentee Bid Form - GreenBid Auctions in PDF format online

See more Absentee Bid Form - GreenBid Auctions versions

Complete this form in 5 minutes or less

Got questions?

Do you have to pay if you win a bid?

What is the difference between an auto bid and an absentee bid?

Is it better to bid early or late in an online auction?

What does absentee bidding mean?

What happens if you bid at an auction and dont have the money?

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People also ask

What is the 15 minute rule in bidding?

How does an absentee bid work?

Related links

Try more PDF tools