Auction Frequently Asked Questions
When are your auctions?
We have community auctions every second Saturday and fourth Wednesday of the month, as well as weekly regional auctions. Weekly regional auctions can be anything from full estates to business liquidations.
What hours are you open?
Our offices are open Monday - Friday 8:30 AM to 5:30 PM and Saturdays from 9:00 AM to 2:00 PM. Hours are extended on Saturday auction days.
How does an auction work?
An auction is a process of buying and selling items by offering them up for bid, taking bids, then selling them to the highest bidder. Registering for an online auction is easy and free. Simply click the "Online Login" in button at the top of the screen and follow the "New Bidder? Click Here" instructions. You will need a debit or credit card to create the account, but you don't have to use it to pay if you would prefer to come in with cash or check within two business days of the auction closing. Once the account is created, you will be able to use the username and password for all future auctions with us. Please look over the terms and conditions, then start browsing to see what treasures you can find!
You can consign your items to one of our second Saturday or fourth Wednesday community auctions, or if you have enough merchandise, have your own auction on any date you choose! Items for community auctions can be brought to our offices any time during normal business hours. We also have a team available to pick up items from your location. Give us a call at (208) 232-4912 to see if an auction is right for you!
Are there reserves on auction items?
A majority of items are sold to the highest bidder. Through our frequent seller program and special cases, some items have soft reserves. We use our best effort and judgment to create a fair market for our buyers and sellers.
Where do auction items come from?
The items we get for auction come from many sources including new car trade-ins, bank repossessions, bankruptcy estates, auto dealers, executors of estates, business liquidations and people just like you!
What does it cost for me to sell at your auction?
There are no upfront costs to sell at auction. We keep a small percentage at the end, and you get a check for the rest! Give us a call at (208) 232-4912 to see what agreement works best for you and your items.
How do I know if something is wrong with an item?
When a seller brings in items, they disclose any known major issues or damage and we pass the information on in the photos and description of each lot. However, we highly encourage you to come inspect the items you're interested in. If it's a vehicle, we encourage you to test drive it on our lot, and if you want to bring your mechanic down for their inspection, that's fine! Just remember, once you are declared the winning bidder, the item is yours!
How do I place a bid?
To place bids in an auction, you will need to complete the online registration process. Registering for an online auction is easy and free. Simply click the "Online Login" in button at the top of the screen and follow the "New Bidder? Click Here" instructions. You will need a debit or credit card to create the account, but you don't have to use it to pay if you would prefer to come in with cash or check within two business days of the auction closing. Once the account is created, you will be able to use the username and password for all future auctions with us. Please look over the terms and conditions, then start browsing to see what treasures you can find! The button below the photos of each lot will show you what the bid increment is (how much you would have to bid to be the new high bidder.)
What if my item I consigned only brings $2.50?
Auction is a tried and true method. It is one of the most efficient methods of bringing buyers and sellers together and determining true market value. Some items might go for more than you think, and some might go for less. The great thing is the items are sold. It saves you time and space.
What forms of payment do you accept and how long do I have to pay for my items I won?
Pay for your items at the pick up location listed in the lot description / auction detail section of the auction page. You will also receive an invoice when the auction closes that has pick up times and location information. We accept cash, check or wire transfer. We also accept debit and credit cards with a 3% processing fee. You will need to have a "paid in full" receipt before you are able to leave the auction premise with your items.
What is a buyer's premium?
In most areas of the country, charging buyer's premium is standard practise. It allows us to provide a good auction experience for you, the buyer, and keep the seller's commission lower to maximize the quantity and quality of items we have up for bid.
The buyer's premium is added on to each item won:
5% buyer's premium on items $2,501 and over.
10% buyer's premium on items $2,500 and under.
Will your company just buy my merchandise instead of auctioning it?
Although we believe in the auction method, sometimes a seller's circumstances do not fit within our criteria. Because of this, yes, we would be happy to look at items and see if we can come to an agreement.