Are you new to auctions? + Terms

Folks, please send this page to your kids.What a wonderful way for young families to save money and have fun. Just think of the savings young folks can realize! Are they starting a new family and home? Let’s help them! Towards the bottom of this page, you will find my “Buyer’s Terms”

In my travels through cyber-space and down the path of our common endeavors, I’ve found that a lot of  collectors and particularly young people that are unfamiliar with the live auction format. I know that a lot of you collectors are finding some collectibles on ebay. Been there done that! It’s great, when you can find one that you need or want! However, you may be missing a wonderful chance to get a real good deal and after all ebay isn’t really a true auction. Real auctions don’t have an ending time, they end with the highest bid.  I’m not saying that just to get you to my auctions. Often, I hear that some people find the live auction format confusing. I can understand that. Keeping up with the bid chant can be a little …. hmmm …….  intimidating!?!?! I’ve been to a few auctions where the auctioneer can be difficult to follow, until I got used to her/him. I can assure you, that I ,and anyone that would call at one of my auctions is easy to understand and easy to follow. I attended the finest auctioneering school in the U.S.! At the World Wide College of Auctioneering our training emphasized clarity as well as projection. I want you to understand what I’m calling! I want you to be able to bid and be comfortable doing it.  I would ask anyone to first listen to any auctioneer’s chant for a few items. What I would then suggest, is to figure out what the bid increment is. For example: Say we start an item at $5.00 and I get a bid at $5.00, well right away, I’m going to say ” now 10, now 10, who’ll go 10″, the actual money is still at $5.00 and I’m asking for $10.00, as you can see, we are at $5.00 increments. Maybe people really want to see me work, or they simply don’t want to bid up to $10.00, so I would break the increment in half, by saying ” OK, then who’ll go $7.50, now 750, now 750 will you go 7 and a half?” I’ve dropped down looking for the $7.50 bid and the increment is then at $2.50. I’ll stay there on the $2.50 increment for that item, unless I know it’s not the right price value. Folks, please remember, I am an agent for the seller and I will always try to get the highest amount I can for the seller. That’s my job. Please keep in mind, that it is you who decides how much an item sells for. You can to stop bidding any time you want. Now, say for example we were at a $7.50 bid for a 1963 back scratcher, but no one will spend $7.50 for it. OK typically, if an item is under $25.00, I’ll  drop down to $6.00 just to see if I can get the seller another dollar. Folks, time and time again, I have seen this happen. Suddenly, the bids start popping and it’s off to the races at the $1.00 increment level. ;) That’s what makes my job fun. Yes, it does take a little longer, but sometimes the bidders need to smell a little blood in the water first and don’t want that back scratcher to get away! I won’t sell anything for less than a dollar or two. It isn’t worth the clerk’s effort or the expense of the paper. I’ll often just slide that item into the next and the bidder will get both or simply pull it. I don’t want to take anything home if I can help it. Often bidders knows something about an item which I will have no clue of its actual value and they are just trying to beat the price down. That’s your job! HA! See how much fun it can be. It is also important for you and the auctioneer to see your bid. You’ve seen it in the movies or on TV, an ol’ boy will tug his ear, bump his nose or wink an eye. They don’t want anyone knowing “what ma bizzynus is”. Just kidding, please… It’s how some folks have fun and really it is fun for the auctioneer to. I would encourage you to WAVE your bid card. That way I or the ring-person won’t miss your bid and you won’t miss that special little pixie stix you’ve been waiting to put into your collection for 40 years! After a while the auctioneer will get to know you and how you like to bid and he will soon know your bid number. We want to keep the flow moving. I would also ask you to feel free to ask the ring-person any questions you might have, even while an item is on the block. Don’t wave to the ring-person, he might take it as a bid and maybe you didn’t need that $1395.00 vintage Beauty Salon Hair Dryer!?!?!?! Just try to subtlety catch their eye. They are always looking the crowd over. If you want, introduce yourself to the auctioneer or ring-person prior to the start of the auction and let them know what you’re interested in. We always like to meet new people and always try to help everyone. Sometimes, we will have an unknown item show up (well, someone knows what it is) and the auctioneer will start it at a low price not knowing the real value and all of a sudden there will 30 hands in the air. I love that! If the item is started at $20.00 and 30 hands pop up in the air, I know that it’s hot, so I’ll go straight to the $10.00 increment level. This is typically for items under $100.00. If we’re selling cars or high-end items the increments are adjusted accordingly. Why such a jump in increment? Well, at my last auction we went through over 330 items in four hours. It seems people will stick around for about 3 1/2 to 4 hours, after that the crowd starts thinning out. I want to get as many items over the block as quickly, cleanly and clearly as possible, so the seller can realize the greatest potential for their merchandise and you don’t have to sit on a metal chair all day. If you were the seller, that’s what you would want to. Now let’s say we get into a real nice piece of something hard to find and it’s in fine shape. Say this item hits the $5000.00 mark with two bidders pounding away at it on $50.00 increments. Those two dedicated bidders are going back and forth and carry that item all the way to $5000, then I get to where it’s “going once, it’s going twice………” then a new bidder from out of nowhere yells a bid of $5001.00………. I won’t take that bid. “WHAT?” you say. I will not disrespect those two bidders who ran it up to that level, just to sell it out from under them for a buck. Please consider that a moment. You may thinking, I’ve been talking about getting the seller the highest money I can and a buck is a buck. We were at $50 increments and closing. Put yourself in the shoes of those two bidders shoes. Would you bid again on anything if you just were sold out for a buck after making a $5000.00 bid? I wouldn’t, I’d get up and leave. Where would my seller be then? The money walked out the door and the auction just started. See what I mean? I’m just throwing numbers out there as an example now ( I’d like to see a few $5K items ;) ) just to give you an idea. I won’t cut a good bidder off at the knees. If a tie bid happens, and this is a situation where the auctioneer and the ring-person have two different people as the high bidder at “sold”, I’ll either re-open the bidding to those two bidders and only those two bidders or I’ll make the call on who is the high bidder. The auctioneer is the only authority allowed to make that call. It is the auctioneer’s choice. I don’t like it, it makes people mad, but we have to keep moving and I can only hope for your understanding and forgiveness if you get the short end of the stick. We try to avoid that at all costs, but it can and has happened. We are only human.

Another very important point at auction is, that everyone understand that all items, merchandise, cars, trains and airplanes, sell “as is”! Extremely important for you to understand! Anything at auction sells “as is“. I will never offer a warranty of any type. Once I say, “SOLD”, it’s sold, as you will read more about in a moment. The seller does not, offer warranty of any type. It is vital for you the bidder to know what you are bidding on. Check it out carefully beforehand. Ask questions, take pictures, feel it, rub it, but please understand, it sells “as is”. Once the flow to the auction block starts, we will not stop an item moving forward, so you can take a longer look at it. We have to keep the flow moving.

What I’m going to describe now is very important to you! When I say “SOLD”, and you are the high bidder, you and I have just committed ourselves to a legally binding verbal contract. If you didn’t bid on it, because your were waving to a friend who just walked in the door, you had better say something right then, so we can fix it, otherwise the item is now yours and fully your responsiblity. This is VERY important for you to understand. The ring-person, will place the item in your hands. You now owe for the full amount of the item and need to pay for it before you leave. Everyone pays before leaving. I’m not a bank and it throws our books out. It is YOURS! I am not and will not be responsible for that item after I say “SOLD”. If it breaks, is stolen or gets up and flies away, I am not responsible. Another very important point is your bid card. Once you’ve signed in with the clerks at the door, you will receive your bid card with your bid number. You are responsible for that bid card and I would encourage you to secure it. If you lose it during the auction, immediately go to the clerks at the door and tell them about it. If you leave the auction early because you had won the item you wanted and have already paid for it, DESTROY the card. If a thief or other unscrupulous person picks up a complete bid number, they can walk right back into the auction and start bidding with your number. There they are buying gold coins, cars, old paintings…….. you get the drift. Protect your bid card and destroy it when you are done. This may all sound harsh, but folks, there is no way I could keep track of all that stuff after it’s sold or make sure you practice good bid card security. I don’t want you to have any problems. Does any of that happen often? No, not often! Do accidents happen? Yes! Are there thieves in the world? Oh yes! I can assure you, if I catch anyone stealing anything at one of my auctions, regardless of the item’s value or who it is, I will be as hard as I can legally be on that individual. I’ve already banned one thief! I will not tolerate it. If a person does not pay for an item and leaves with it, I’m calling the law. Bounce a check and the Sheriff will be knocking at the door. I will protect the sellers and buyers interest with every means needed and with equal zeal. The clerks are real professionals and are very good at what they do. They are there to keep things straight for you and I both and they are very, very good at what they do. Please do not distract my recording clerk while I’m calling for bids. That clerk is my most important person in the room.
I work hard to conduct safe, friendly and fun auctions. I really love what I do and I hope  everyone has fun to. Please, if you’ve never been to an auction, come on out and check us out, bring your young people. We are very buyer friendly and are only to happy to help you along. The tough stuff I’ve just described, rarely takes place. It’s just something we all need to be aware of. You’ll be a pro very quickly.  I’d be happy to give a person an idea of what to listen to and go over any questions they may have before the auction, if you can get there early enough or stop out the day before. I’ll chant a couple of items for you. I always tell newcomers and young people, that they are missing a wonderful chance to pick up many household items, musical instruments, old LP records, clothes and many other unique items, plus having fun. At an auction you can just about name it and it could show up! Remember, you spend only the amount you choose. I’m not saying the amount you choose will always be the winning bid, however. That is your choice. It really is so much fun! And doggone it, we always try to serve good food to! Please, email any questions you may have regarding the live auction format. If you are unable to attend the auction in person and find an item on the website that you just had to have, you can leave an absentee bid. That is when you have made prior arrangements with me or the clerks and left a bid of the highest amount you would go. Here’s an example: You want that toupee! (no, I won’t model any toupee.) You leave a bid of $50.00. One of the our clerks will act as your agent. One or two other people are bidding against you/clerk. The other bidders drop out at $18.00. Your bid wins at $19.00! I will not take bids from the air, wall, floor or anywhere else to run your bid up to your max amount or would I allow that to happen at any Greg Christy Auctions. I endorse and am committed to full disclosure at auction. I will announce, when there is an absentee bid and/or if there is a reserve on an item. I discourage a reserve price on most items. There are items that will be protected with a reserve. Cars, real estate and other higher end merchandise. If I have an item, like a Red Wing Stoneware jug in excellent condition and I can’t get a qualified bid, I’ll pull it. Again, I am the seller’s agent and I represent their interests first. We also protect and respect the bidders at the auction. I will not run up the attending bidder, by saying I have an absentee bidder pushing it up. That’s how we roll at my auctions. Anything else is simply not worth it and I won’t risk my reputation.

Thanks for taking the time to read through all of this! I hope it helps.

I have this website and it’s going to have retail items soon, so check back often!

Buyer’s/Bidder Terms of Auction

    • All prospective buyers must be at least 18 years old (minimum age to enter into a contract) and are required to register with Greg Christy Auctions. Prior to bidding, by showing a Valid Picture ID with Current Address & provide current phone number. By using the provided bid number, the bidder acknowledges he/she has received, read, and understands and agrees to be bound by the terms and conditions of the auction either on the bidders agreement or posted at the auction Site.
    • The Auction will be conducted by offering the items by lot, either individually or in groups. The bidder offering the highest bid accepted by the Auctioneer shall be the purchaser of the offered lot, and no purchaser shall retract his bid. Purchaser accepts a lot when he makes a bid. All sales are final!
    • The bidder, whether acting as principal, agent, officer or director of a company or otherwise, in any capacity whatsoever, and the company he represents, both jointly and severally agrees to indemnify and save harmless Auctioneer and its officers, directors, employees, agents, attorneys and its consignors, from any and all actions, causes of action, suits, damages, costs, and losses of any nature, including injury and death, arising from the purchase or use of any items, or the attendance or participation of bidder, his/her agents or employees, at the auction and/or on the auction site whether before, during, or after the auction.
    • Bidder agrees to be responsible for the payment of the purchase price, Auctioneer’s fees, any applicable DMV fees, and taxes due on all Vehicles.
    • The “Auction Terms and Conditions” shall be governed by and interpreted under the laws of the State of Iowa, and any action hereunder against Auctioneer shall be commenced in the State of Iowa.
    • All items are sold “AS IS-WHERE IS”without any guarantees or warranty expressed or implied, statutory or otherwise of any nature whatsoever in respect of the lots offered at the auction. Specifically, but without limitation, Auctioneer makes no representation or warranty that any of the lots conform to any standard in respect of safety, pollution or hazardous material, or fit for any particular purpose. The Auctioneers, sellers, or any member of their staff make no guarantee as to the authenticity, of any particular age, year of manufacture, model, make, mileage, hours, condition, or defect of any lot or item being sold. Bidders are encouraged to make their own physical inspection and rely solely on that inspection before bidding. Failure to inspect does not negate that Bidders responsibility to perform under the auction terms and conditions.
    • The Auction Advertisements have been prepared as a guide, and should be used as a guide only. Although the descriptions submitted by the Seller(s) is believed to be correct, its accuracy cannot be guaranteed or warranted. The Bidder acknowledges that all auction items are available for inspection prior to the auction and it is the Bidders responsibility to have inspected the item before bidding. No sale shall be invalidated; nor shall auctioneers be liable as a result of defects or inaccuracies of any lot.
    • Bidder acknowledges that an auction site is a potentially dangerous place. Flammable, noxious, corrosive and pressurized substances are present, heavy equipment is being operated and electric circuits may be live. Every person at the auction site, at any time, shall be there at his own risk without notice of the condition of the premises and the activities thereon and bidder shall so advise his agents and employees. No person shall have any claim against Auctioneer, its officers, directors, agents, employees, principals, or attorneys for any injuries sustained, nor for damages to or loss of property, which may occur from any cause whatsoever.
    • Any dispute arising as to any bidding shall be settled by Auctioneer at his sole discretion, and Auctioneer may put the lot in dispute up for sale again. Auctioneer reserves the right to refuse any bid, which it considers to be an insignificant advance over the preceding bid.
    • Credit & Debit Card Purchases will be Charged an Extra 5% Buyer Premium as a connection fee.
    • Purchaser is responsible for insuring his purchases immediately. Greg Christy Auctions shall not be responsible for loss, damage, or theft of any purchase. Purchaser shall not be entitled to remove any item from the auction facility until all his purchases are paid for in full including all applicable goods, sales or use taxes.

Removal of all items shall be the sole responsibility of the purchaser. Purchaser assumes all risk and responsibility for loading and removal of purchases. Purchaser agrees to indemnify and save harmless both, Seller and Auctioneer, its officers, directors, employees, agents, and attorneys against any damage caused by the acts of purchaser. All items must be removed from the auction facility THE SAME DAY OF THE AUCTION, If for any reason purchaser fails to remove any purchase within the time specified, the purchase shall be deemed abandoned, and Auctioneer at its sole discretion may resell the items.

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