Timed Online Bidding
A Timed Online Auction is different from a Shannons Live Auction and it is important that you are familiar with how it works so when it comes time to placing a bid, you understand the process and can bid with confidence.
Shannons Timed Online Auctions run for a set time period. The system allows qualified registered bidders to place bids online, in real time on all auction lots from anywhere in Australia or overseas, from the comfort of their own home.
Please Note: This timed online auction will carry different terms and conditions to normal Shannons live Auctions. View Terms and Conditions.
To participate as a bidder in the timed online auction, you must register as a Shannons online bidder here.
Once approved, you will be able to login, view a catalogue of the auction and place bids when the auction is open. If you are a regular Shannons online bidder, you are already qualified to bid on this Timed Online Auction.
Registration for online bidding closes 12 hours prior to the designated auction closure date. Bidding closure will be staggered by 1 minute per lot to allow bidders adequate time to bid on multiple lots. For example:
- - Lot 1: Bids close 7.00pm*
- - Lot 2: Bids close 7.01pm*
- - Lot 3: Bids close 7.02pm*
Please view the auction lot page to view the closure times for each lot.
*Note the bid extension rule applies to all lots.
What are the features of the Shannons Timed Online Bidding website?
- - A list of all auction lots
- - Photo/s of Auction items
- - Display of the item being auctioned
- - Prominent bid button/asking bid with live bid history
- - Email outbid notifications
- - SMS outbid notifications for any bidders who register their phone number in the 'mobile' field, and opt-in to receive these messages
- - Seamless bidding on all devices including mobile phones and tablets.
How do I bid online?
Once the auction has started, online bids will appear in the bidding history in real time. The bid increments are determined by preset values in the system. To bid at the asking bid value, click the 'Place Bid' button and enter the amount you wish to bid. The system will show a confirmation message before placing your bid, and includes the total amounts to be paid if you are the successful winning bidder. Click 'Place Bid' to confirm. By confirming your bid, Shannons assumes that you have read and acknowledged this confirmation message.
At the designated closing time of each lot, there will be a 2-minute extension on each bid to allow others to bid (this is known as 'Bid extension'). The item will be SOLD when there is only one bidder left bidding on the lot.
Do I have to stay at my computer for the duration of the auction?
The timed auction system allows users to place maximum bids. This allows the bidder to nominate a figure they would like to bid up to, and the system is then programmed to bid up to that specified figure on the bidder's behalf. Placing a maximum bid allows the bidder to leave their computer, knowing that the system will take care of their bids, to the price they have nominated. The bidder may also 'raise' the auction directly to this price as a competitive bidding tactic.
You can also bid at a Shannons online timed auction using your mobile phone or tablet. We recommend that you opt-in to email and SMS outbid notifications so that you won't miss a bid.
What do I do if my internet connection goes down?
If your internet connection drops, you will be prompted by the system to refresh your page. Simply refresh your page to continue bidding on the timed auction, or log back into the Shannons Online Bidding website and re-enter your email address and password. Technical support is also available.
Collection of Auction Lots
The purchaser is responsible for all costs, fees and charges for collection of the Lot.
In-keeping with current COVID-19 restrictions applied by the Government, the Lot may be collected by Appointment Only from the respective Premises by contacting the Auction team at each location during Business Hours.
NOTE: The Shannons website clearly displays where each lot is located. Items from this Auction are located at either of the Shannons Showrooms:
- - MELBOURNE: 40 Corporate Drive, Heatherton, Victoria 3202 or
- - SYDNEY: 65 Reserve Road, St Leonards, NSW 2065
The lots can remain on the Premises for up to 4 weeks after the Auction ends. If further allowance is required, the purchaser will need to make arrangements with The Auction Team prior. A storage fee of $80 per week per motor vehicle will apply after the 4-week period.
The purchaser will not be allowed to collect or remove the Lot from the Premises until the Auctioneer has received and receipted the full purchase price and Buyer's Premium.