FAQ

  1. Can anyone go to an auction?
  2. What kinds of items are sold at auction?
  3. Are auctioneers licensed and bonded?
  4. What is a Buyer’s Premium?
  5. What is the difference between an “absolute” and a “reserve” auction?
  6. Do I have to register when I come to an auction?
  7. What must I do to bid at an auction?
  8. How do I know how much to bid?
  9. Can I preview the items before the auction?
  10. How do I bid?
  11. How do I stop bidding?
  12. Will I be able to understand the auctioneer?
  13. How and when do I pay for the items I purchased?
  14. What about removal of items from the auction?

Question: Can anyone go to an auction?

Answer:

At Alderfer’s all auctions are public events and everyone is welcome.

Question: What kinds of items are sold at auction?

Answer:

Quite simply, if something can be sold, it has probably been sold at auction. Alderfer Auction & Appraisal sells antiques, fine art, firearms, automobiles, furniture, vintage items, dolls, coins, stamps, jewelry, books, toys, business equipment and other various collections.

Question: Are auctioneers licensed and bonded?

Answer:

In Pennsylvania all auctioneers are required to be licensed and bonded by the state. In addition, Alderfer auctioneers are involved in continuing education classes and have been awarded several certifications. Our auctioneers are also members of the National Auctioneers Association, Pennsylvania Auctioneers Association, and the Lehigh Valley Society of Auctioneers.

Question: What is a Buyer’s Premium?

Answer:

A Buyer’s Premium is a percentage of the high bid that is added to the high bid to establish the final sale price.

Question: What is the difference between an “absolute” and a “reserve” auction?

Answer:

An absolute auction means the property is sold to the highest bidder, regardless of price. A reserve auction (sometimes referred to as an auction “subject to confirmation”) means the seller reserves the right to accept or reject the highest bid.

Question: Do I have to register when I come to an auction?

Answer:

You only have to register if you would like to bid in the auction.

Question: What must I do to bid at an auction?

Answer:

When you arrive at the auction site, look for the registration area where you must provide adequate identification to receive a bidder’s number, terms and conditions, listing of the items (if applicable) and a schedule. Your bidding number must be shown to the auctioneer each time you bid.

Question: How do I know how much to bid?

Answer:

It is important to arrive at the auction early enough so you can inspect the items you are interested in. Since many items are sold “as is – where is,” it is critical that you examine items for condition, size, color, etc. Based on your examination, establish a value you are comfortable with. Don’t hesitate to ask questions.

Question: Can I preview the items before the auction?

Answer:

Yes. Generally you may preview the items the day before the auction. This information is available on the website.

Question: How do I bid?

Answer:

In order to bid at an auction, you need to make the auctioneer aware of you. To do this, hold up your bidder card or raise your hand. If the auctioneer does not immediately see you, shout “Yes.” The auctioneer will then take your bid and turn to seek another bid. If another bid is received, the auctioneer will return to you to ask if you want to bid again. Simply continue to say “Yes” to stay in the bidding.

Question: How do I stop bidding?

Answer:

To remove yourself from the bidding process, simply shake your head “No” when the auctioneer makes eye contact with you.

Question: Will I be able to understand the auctioneer?

Answer:

The “chant” of a good auctioneer is easily understood. The chant is merely a series of numbers connected by “filler” words to create a rhythm and make it pleasing to listen to. A basic chant tells the audience the current bid and the next bid being asked.

Question: How and when do I pay for the items I purchased?

Answer:

At Alderfer’s bidders pay for their items when they are ready to leave. Payment may be made in cash, credit card, debit card, and personal checks (with approval).

Question: What about removal of items from the auction?

Answer:

When you buy an item at the auction you are responsible for it. It is important that you put the merchandise in a safe area. All items need to be removed the day of the auction. If you purchase large items and need assistance in moving, please inquire about our delivery service. If you need assistance to load large items into your own vehicle, simply ask one of the Alderfer personnel.