A Guide To Timed Auctions

Frequently Asked Questions

Q

 WHAT IS A TIMED AUCTION?

Timed auctions take place without an auctioneer calling the sale. Each lot can be bid on for a defined time period. At the end of this period, the bidder who has submitted the highest bid wins the lot, provided the bid exceeds the reserve price.

Q

HOW TO REGISTER TO BID AT A TIMED AUCTION

Go to the registration page on our website. Once you have registered you are ready to bid.

Q

HOW DO I BID AT A TIMED AUCTION?

Each lot can be bid on for the time period displayed. During this period, you can place your bid at any time. Simply enter the highest amount you are prepared to pay as your ‘maximum bid’. Your bids need to be in accordance with our timed auction increments. When bidding, the system notifies you of the next required minimum bid increment.

INCREMENT TABLE

Opening/Current bid £0-200 £10 bid increment
Opening/Current bid £200+ £20 bid increment

When you place a ‘maximum bid’, www.sworder.co.uk bids on your behalf as much as necessary to ensure that you meet the reserve price or that you remain in the lead, up to your ‘maximum bid’.

Your ‘current bid’ is clearly displayed when you log in and view the lot for which you’ve left a ‘maximum bid’. In many cases your ‘current bid’ is lower than the ‘maximum bid’ you entered.

If another bidder places a bid that is higher than your ‘maximum bid’, we’ll notify you by email. Your ‘maximum bid’ remains confidential until it is exceeded by another bidder

If you have the leading bid and you have met or exceeded the reserve price when the defined time period ends, you will have won the bidding for this lot

If a bid is placed in the last two minutes of the defined time period, the time period will be extended by one minute, and all subsequent lots will be extended by the same time period

Q

HOW DO I KNOW WHEN I HAVE SUCCESSFULLY BID FOR A LOT?

When a timed auction has finished, you will find details of lots you’ve won in the 'My Timed Sale bids' section of My Dashboard, My Account.

Sworders will also contact you via email to confirm you have won and arrange payment

Q

HOW WILL MY ITEMS BE DELIVERED?

Sworders are happy to arrange packing and postage on your behalf. Please contact us at auctions@sworder.co.uk or call us on 01279 817778 to discuss further

Sworders will also contact you via email to confirm you have won and arrange payment

Q

PAYMENT

Sworders will contact you via email to confirm you have won and arrange payment.

If you would like more details on Timed Auctions please don’t hesitate to contact a member of our team.

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