The Box

First Time Buyer Guide

Written by AuctionsPlus | Oct 12, 2021 10:49:44 PM

Welcome to AuctionsPlus!

It’s our mission to help rural businesses and communities to thrive and our staff are incredibly passionate about ensuring that we can help you achieve that. This guide is set up to help you purchase for the very first time.
Note: This guide assumes you have a registered account and have completed buyer training online. If you need to set up your account, please find more information HERE.


Top Tips for First Time Buyers

General Info
There are two sale types on the platform - for more information on the auction types click here.

  • Simultaneous Sales (SIM) – where all lots are offered at once

  • Sequential Sales (SEQ) – where lots are offered one at a time


House Keeping

  • Review our User Agreement and Sale Terms – ensure you understand both your rights and responsibilities when participating on our platform

  • Access our Demonstration Auctions – to practice placing a bid

  • Ensure you read and can abide by any sale terms that are nominated for that auction or particular lot


Getting ready to bid
Review the Catalogue – this may include assessments, photographs and other media, or links to external sources. Lot details are provided prior to the sale commencing.

  • To help search, Weekly commercial livestock sales have a sale filter and map view to narrow down lots

  • All sales have ‘favourite lot’ features – click the orange star in the top right corner of lot photos. These will be available as a shortlist once the auction commences

At the beginning of the Auction

  • Connect to the Auction via the green “Connect” button – this will take you to the bidding platform. The auction will be available to connect just prior to the designated start time.

  • Once connected to the sale – a starting price for each lot will be visible. Any bids placed must be higher than this price, in the bid increments nominated by the selling agent.

  • For livestock auctions, there are 3 different bid types available ($/head, c/kg live and c/kg dressed) which are nominated for each lot pre-sale by the selling agent.


Terminology

  • “Near Reserve” – means this lot is approaching the reserve price nominated

  • “On Market” – means this lot has exceeded the reserve price that was nominated


Bidding
To place a bid – click on the interested lot, “unlock” the lot and then click the bid button. Any lot you are holding will turn green, and if outbid – the lot will turn red. Please note: you are liable for all bids placed on your account.

  • In a SIM sale – the auction will conclude via a timer, once bidding activity across the entire auction stops. Please note: We cannot guarantee when the sale finishes

  • In a SEQ sale – the sale will conclude once each lot has been sold, via the fall of the hammer


At the conclusion of the Auction
Once the auction has concluded, you must contact the selling agent to organise both payment and delivery of your purchased lot(s). Whilst AuctionsPlus facilitate the sale, we do not process the transaction. Your successful purchases are available in the “Dashboard”.

If a lot is passed in to you, (i.e. lot hasn’t met reserve price), please contact the selling agent as you have the first right to meet the reserve or negotiate a price for 90 minutes.

If you want to check the results of a particular auction, you can access our results page here.

Payment and Delivery

  • Pay for your livestock or item purchase as per the Selling Agents terms.

  • Upon the lot you’ve purchased being delivered – you have 48 hours to report a claim or complaint to be covered by the AuctionsPlus terms.

 

For additional information or help, please access our Help Hub via the link below.