Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is an Absentee Bid, Call-In Bid or Bid Order?

absentee bid call-in
0
Posted

What is an Absentee Bid, Call-In Bid or Bid Order?

0

Bid in writing from an absent bidder which is executed by auction personnel. Many Auctioneers offer the service of “bid orders”, “call-in bids” or “absentee bids”. That is if you need to leave and your item has not come up for bid yet, you can leave the highest bid that you would go to on the item. There will be an assigned bidder to bid as if you were there, getting the article for the best price, not necessarily the highest bid you left. Naturally, if another bidder bids higher than your “order”, “call-in” or “absentee” bid you will not receive the item.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.