Navigating The Auction Online Catalogue

Navigating The Auction Online Catalogue

 Navigating The Hinter Auctions Catalogue 

Here at Hinter Auctions, we have worked towards presenting the best online catalogue and bidding platform out there. The online platform provides numerous options for the viewer and potential auction bidder.

Auction Info

Once you have clicked into the auction you are interested in we recommend that firstly you go to the “AUCTION INFO” section. This will give you all the information regarding the auction including:

  • Address details
  • Viewing times
  • Contact details
  • Shipping and collection details
  • Terms and Conditions

Auction Catalogue Search Features

The Hinter Auctions online catalogue gives the ability to search by a number of methods including:

  • Keyword
  • Category
  • Price range
  • Lot number (you can go directly to the lot if you know the lot number)

Taking A Closer Look

If a lot or item attracts your attention there is a lot more to discover. Click into the lot and scroll down to find more information in the description. Further details could include measurements, blemishes/faults, background information, additional terms and more.

Images

The team at Hinter Auctions endeavours to capture as much detail as possible with images. There are usually several images taken of each lot detailing various aspects of the item/s. We encourage you to take the time to look at the detail in the images. If you are on a computer there is the magnifier feature and of course, if you are perusing on a smartphone or tablet simply zoom by expanding with your fingers.

Add The Lot To Your Watchlist or Ask For More Info

If after looking at the description and photographs there is the ability to add to a watch list (if you have created an account and are logged in) and/or ask for further information on the lot. To add to your watchlist simply click on “Add to Watchlist”.

If you want to know more about the lot click on “Ask a Question” enter the question in the text box and it will be directed to support for a response.

We hope you enjoy using the platform whether you are bidding in-house or online. We hope to see you at our future auctions and we are always on hand to answer any questions. Feel free to reach out at any time here…

Hinter Auctions Are On The Move

Hinter Auctions Are On The Move

Hinter Auctions will now be conducting in-house auctions from new premises

Why move to a new auction house?

Whilst our previous auction house served its purpose enabling us to hold some amazing auctions it became apparent that we would grow out of it quickly. One of the main drawbacks was that the same room acted as an intake and auction room meaning that we could not take goods until the previous auction had completely cleared. Along with the need for a separate intake room extra space was required for the auction itself allowing for a better layout of lots and more room for bidders. So the hunt began to facilitate our requirements.

Where is the new auction house?

Our new auction house is situated in the industrial area of Cooroy on the Sunshine Coast.

Front Entrance

The address is:

13 Jarrah Street
Cooroy, 4563
Queensland, Australia

When will the new auction house be open?

Renovations are currently underway and we will be conducting the first in-house auction of 2022 on Sunday, February 13, 2022. The intake room (yes a separate intake room) will be open in mid-January once we have cleared the room and installed security cameras.

Benefiting auction bidders

There are several benefits to bidders attending the in-house auctions.

  • Parking – As the auction house is situated in the industrial area of Cooroy and due to the fact that a majority of auctions are held outside of normal business hours plenty of street parking is available. Limited onsite parking will be available for our disabled guests)
  • Generous auction room area – Having a larger area will allow for better viewing and easier movement around the auction room.
  • Separate registration area – As you walk in the front doors you will be greeted with a generous reception and bidder registration area. This area is separate from the auction room allowing for less disturbance during the auction.
  • Disabled access – All areas in the auction house are on level ground allowing for easy wheelchair access. One of the bathrooms has also been specially fitted with handrails.

Benefiting auction vendors

There are several benefits for vendors selling through the new auction house

Auction Intake Entrance

 

  • Separate and spacious intake room – The intake room is spacious and well laid out allowing for an easier view of consigned goods.
  • Flexible intake days – Whilst we will still require vendors to book for intake there will be more booking options available to enter consigned items.
  • Security – The intake room is being fitted with security cameras and will be closed off during auctions
  • Easy access – Intake is through the double doors at the back entrance. Vehicles can enter the premises through the front entrance and accessing the back entrance via the side road. Exit is via the back gate allowing for larger vehicles and trailers.

Please come and join us for our opening auction

Here at Hinter Auctions we still believe in the live auction concept despite the fact that demand requires us to add online bidding. Having bidders in the room adds to the auction atmosphere and we would love to see you at our opening auction at the new premises on Sunday, February 13, 2022.

We will keep you updated as renovations progress.

Please note that the images used on this post are for basic illustration only and the finished premises may look different

Auction Reserves

Auction Reserves

Auction reserves can sometimes be confusing in many ways for both the buyer and seller alike. Reserves are sometimes set prior to the auction, but what are they and what do they mean for the vendor and bidder. This post will explain auction reserves and how they are handled during the bidding process.

What are auction reserves?

Auction reserves are simply a minimum price that the vendor is willing to sell a lot for. The auctioneer is obligated to follow the seller’s instruction and cannot sell the lot below the reserve price.

Reserves can often be confused with estimates. At Hinter Auctions, we often include a high and low estimate for lots offered in our catalogues. Estimates are a guide only and should not be confused with a reserve.

How are auction reserves set?

Auction reserves are always set by the seller. Whilst often sellers seek guidance from the auctioneer for setting the reserve price it is ultimately their decision. The auctioneer is then obligated to follow the seller’s instruction.

Is the reserve disclosed to buyers?

Reserves are never disclosed to bidders prior to the auction. The exception to this is when the seller has instructed the auctioneer to disclose the reserve.

How do I know when auction reserves have been met?

When an auction lot has a reserve price set, the auctioneer is required to disclose:

  1. That the lot has a reserve price set (prior to bidding)
  2. That the lot is on the market as soon as the reserve has been reached (during bidding)

When the lot has reached the set reserve the auctioneer will announce that the lot is on the market and bidding proceeds. Some of the phrases that the auctioneer may use to announce that the reserve has been met are:

  • Reserve is off
  • It’s on the market
  • It’s for sale
  • You’re playing for keeps
  • You’re bidding to buy now

If the reserve has been met or exceeded the vendor is obligated to sell to the highest bidder.

What happens if the reserve is not met?

If the set reserve has not been reached during bidding the auctioneer will either:

  • Announce that the reserve has not been met and move to the next lot
  • Pass it to the highest bidder.

 Lots that have not met reserve can be purchased post bidding at the auction. The purchase price is the minimum reserve however buyers can submit an offer. Offers below the reserve price are submitted to the vendor for approval.

If the lot has been passed to the highest bidder they have the first right to buy at the auction. If the highest bidder does not purchase then the lot is open for purchase by other bidders.

The length of time a lot is available for purchase varies at each auction.

Please note that purchase of lots post bidding is still subject to buyers premium and applicable fees.

Feature Photo by Hitesh Dewasi on Unsplash

How absentee bids work at auction

How absentee bids work at auction

Can’t make the auction? Never fear, you can still participate in the auction with absentee bids

What is an absentee bid?

An absentee bid is exactly as it sounds. It is a bid placed by a potential buyer who wishes to compete for a lot (or lots) but cannot be present during the auction. Absentee bids are a service offered to our bidders at Hinter Auctions.

How do I submit an absentee bid?

The first step is to ensure you have registered as a bidder with Hinter Auctions. Bidders are required to required to be registered prior to bidding at auction (this includes absentee bidders).

If you are not registered you will be required to supply:

  • Your name
  • Physical address
  • Phone number
  • Photo ID (or valid credit card for online bidders)

Once registered, absentee bids can be submitted :

In person

Download, fill and submit to the auctioneer or auction staff

Must be received by close of business the day prior to the auction

By email or phone

Details required are:

  • Your name (you may be asked to verify your ID)
  • The lot number/s
  • The lot title/s
  • Your maximum bid amount
  • The absentee bid form can be copied and forwarded to us also

Contact details here…

Must be received by close of business the day prior to the auction

Online

To submit an absentee bid online:

  • Register or login
  • Enter your user details (new registrations)
  • Enter your billing information (all online bidders require credit card validation to bid)
  • Go to the item in the catalogue
  • Enter your maximum bid amount

Online absentee bids can be submitted up to the time the lot is offered.

 

Please note that all bids submitted are subject to the buyers premium, online fees and applicable taxes. Please read the terms and conditions of the auction prior to bidding.

How are absentee bids executed?

Absentee bids are recorded and are visible to the auctioneer during bidding. The auction commences as per normal by firstly establishing a starting bid (usually from the floor in a live auction). Further bids are then asked for at the current increment amounts declared by the auctioneer. The auctioneer will bid on your behalf against present bidders up to your maximum bid amount.

When bidding has been exhausted and your bid has not been exceeded you will be declared the winning bidder at the current bid price. Your bid is unsuccessful if your maximum bid has been exceeded.

What if there are multiple absentee bids?

If there are multiple absentee bids on the books, then by default bids will be executed by the auctioneer on behalf of the bidder who submitted the highest absentee bid. The starting bid is established by the second highest absentee bid unless a higher bid comes from the floor.

Let me explain using the below example of absentee bidders #1, #2 and #3 who submitted the below bid amounts:

  1. $40
  2. $50
  3. $100

In this scenario bidders #1 and #2 have already been outbid by bidder #3. The starting bid will be one bidding increment above the bid placed by bidder #2.

In this case, the starting bid would be $55 (using the Hinter Auctions bid increments). On behalf of bidder #3, the auctioneer will bid against the floor up to their maximum amount of $100. If there are only 3 more bids after the start then bidder #3 will be declared the winning bidder buying the lot for $70. If bidding exceeds $100 then bidder #3 is also unsuccessful.

Need to know more about the auction process?

At Hinter Auctions, we strive to take the mystery out of the auction process and make bidding an enjoyable experience.

If you are considering buying, selling at auction please feel free to contact us any time. We would love to help.