Bidding
15
Tiers and Authorized Bid Restrictions
To view the power point presentation, please click here.
Restriction Banner? What does this mean?
You may see restriction banners under these categories located at the top of an items listing:Fire DepartmentsGovernment AgenciesGun Dealers LicensedLaw EnforcementLicensed Auto Dealers and Salvors OnlyLicensed Landscape / Nursery Personnel OnlyLicensed...
Can I retract a bid?
If you have a max auto-bid, place a new bid (the lowest possible / current minimum bid) to override it.
How does an auto-bid / proxy bid work with a reserve amount?
When placing an automatic bid amount on an item with a reserve, the automatic bid amount is compared to the reserve amount. Examples: 1) The automatic bid amount is lower than the reserve amount: The bid is placed for the total amount of the automatic b...
What does “Reserve Not Met” mean?
"Reserve Not Met" is displayed when the bid does not meet the price a seller is willing to accept for an item. The seller is under no obligation to complete the transaction when their reserve is not met.
Where can I find bid deposit instructions?
Please follow these steps:1. Refer to the lot/asset details page (e.g., https://www.govdeals.com/index.cfm?fa=Main.Itemacctid=23303itemid=3auId=1view)2. Refer to the "Payment" section. They may be listed here or instructions may be attached. If they're ...
Do you allow Auto-bid?
Yes. Unless you un-check the Auto-Bid check box, the bid will be received as a "Proxy / Auto Bid." The following steps will allow you to set a limit as to how high you are willing to bid on an item. Any time you are outbid on this item, we will automat...
How to bid
Place your bid amount in the Bid box It is not usually necessary to enter a decimal point. Do not enter a dollar sign or comma. Your bid will automatically be placed as a max auto bid. Example bid A: For a bid in the amount of $200.00, enter 200 only...
Wild Bids / Bidding errors that cannot be deleted or retracted
Go to seller record in LEAP, click “Add Note, put a summary (QAL/LOT#, bad bid amount, etc.), and then within “Email”, checkmark “Client Service” and “CAM.” Make sure you Input the Buyer ID within “Copy to Buyer ID.”
Can I increase or decrease my Bid Amount?
Subsequent to a bidder entering their initial Bid Amount, they may increase the Bid Amount. However, the new Bid Amount must be equal to or greater than the current Minimum Bid.A bidder may also decrease their Bid Amount. However, the new Bid Amount can...
How do I know if I am the winning bidder?
There are a number of ways to determine if you are the high bidder at the close of an auction:1) A Buyer’s Certificate is sent via e-mail to the high bidder shortly after an auction closes 2) Check My Bids (available 10 minutes after an auction closes)
Is it possible to have equal bid amounts?
Yes. It is possible for equal bids to occur during an auction. The person who placed their bid first is the high bidder.
Is there a way for me to know when I have been out bid on an item?
During the bidding process you will be notified after bid confirmation or via email notification if this option has been selected and you are the high bidder. Note: This is a courtesy feature and notices may not be received before an auction ends
Does the auction time extend if a bid is placed within the last minute?
Some sellers do extend the auction ending time if a bid is placed within the last three minutes. If an auction extends, it will be clearly stated on the auction page.
How do others see my username?
Your full username is hidden from others Example: Username: testing@liquidity.com Displayed to others as: t**************m