Live (Traditional):
Our traditional live auctions operate with integrated online pre-bidding. When the catalogue is launched, the auction is live, and buyers can place bids online immediately.
Each lot is assigned a guide (e.g. $100–$200), with bidding typically starting at approximately 80% of the lower estimate (in this example, $80).
When you place a bid, you are setting your maximum. The system will automatically bid on your behalf in fixed increments to keep you in the lead, up to your nominated limit.
For example, with a guide of $100–$200, bidding may start at $80. If you place a maximum bid of $100, you will be shown as the leading bidder at $80. If another buyer places a bid at $90, the system will automatically increase your bid to $100 (the next increment), keeping you in the lead. If another buyer places a bid at $110, you will then be outbid.
Bidding must follow set increments (e.g. $10 steps up to $200). For this reason, the opening bid may be adjusted above the starting price to align with these increments and allow the Auctioneer to accurately reach your maximum bid during the live auction.
For example, if the starting price is $80 and you place a maximum bid of $110, the system may open at $90. This is because $90 is the correct increment amount required to progress through the bidding sequence and reach your maximum bid. Please keep bidding increments in mind when placing your maximum bid, as the opening price may be adjusted to align with the increment structure, even if there are no competing bids.
Even if there are no competing bids, this adjustment may still occur. It is not an additional charge or a bid against you; it is simply how bidding increments operate in a live auction environment.
Pre-bidding remains open until the moment the Auctioneer offers the lot. At that point, the Auctioneer will open bidding at the current pre-bid level and continue the auction live, taking bids from both in-room and online buyers.