FCS auctions online help desk

What are the Auction Types?

We have 3 auction types:

 - all of our auction types have a pre-bidding period of 4 to 7 days, followed by the final bidding at the advertised time.

TIMED ONLINE - Online Only bidding, No Auctioneer, individual lots are closed in consecutive order using a countdown clock

WEBCAST (Online Only auction) - Online Only bidding, No On-site bidders. An Auctioneer with live audio, closes individual lots in consecutive order. Generally conducted in the evening

SIMULCAST - Both Online Bidding and On-site Bidding. The same as a Webcast auction, but conducted on-site at a Traditional auction. Simulcast may be for the whole sale or just major items.

How do the auctions work?

To bid on an auction click on the link to the auction from the home page.
You will see a listing like this:

Catalogue listing

Click on the title of a lot and you will see a screen like this:

Catalogue listing detail

You can also enter a maximum bid. Here you can enter your bid and the system will automatically bid on your behalf up to this amount. If you enter a maximum bid that is equal to another bidder’s bid then their bid will be placed first. If you enter a maximum bid that is not consistent with the bid increments for the lot then your maximum bid will be adjusted.

For example, if you entered a maximum bid of $10,054 for the above lot it will be adjusted down to the nearest bid acceptable i.e. $10,000.

If you are outbid you will receive an email with a link to that lot. Click the link in the email to bid again. At the end of the auction or the following day if the auction ends late at night you will receive an email if you are the winning bidder. If you are the highest bidder, but the reserve has not been reached, after the auction you will be contacted by the Agent and advised of the Reserve Price and hopefully negotiate a sale. Please make arrangements with the Selling Agent regarding payment and picking up your lots (not FCS auctions).

Do the items have reserves?

Some lots may have reserves - when the reserve price is reached you will be notified by a message "on the market".

If you are the highest bidder at the close of a lot and the reserve has not been reached, the lot will be "passed in" and the Selling Agent will contact you after the auction to negotiate a sale.

What happens if I am the winning bidder?

If your bid is successful, you will receive a confirmation email, followed by an invoice after the auction has ended. Your invoice will advise you information about payment and collection.

Does my bid include GST?

No, all bidding on our auctions is ex GST.

GST, if applicable, will be added at invoicing. Some sales may not have GST added if the Vendor is not registered for GST.

Read the terms for each sale to know if GST will be added.

Buyer’s premium?

Some auctions may have a buyer’s premium. Read the terms for each sale.

When a buyer's premium applies, it will be added at invoicing. GST applies to buyer's premium.

How do the auctions close?

Timed Online Auction - If there is active bidding for a lot the closing time for that lot will extend by 60 seconds if there is a bid 1 minute prior to the closing time.

Webcast and Simulcast auction - lots are closed by the Auctioneer.