85th Semi-Annual Fall Auction
Bidding Methods & Guide
The new format for our 85th Annual Fall Auction will allow buyers to use Schmitt Horan Online, our own proprietary online bidding software, Invaluable.com and LiveAuctioneers.com to place bids online during the four week auction period as well as to bid "live" through the internet in real time on the final day of the auction. Due to Covid-19 restrictions, attendance will not be open to the public.
At the publicly announced end date and time (October 24, 2020 at 1pm Eastern), items shall start selling in order by lot number. As each lot is brought across the auction block on closing day, competition will be between internet bidders, phone bidders, absentee bidders and several indepenent bidding agents. Bidders on the three live internet platforms (Schmitt Horan Online, Invaluable & Live Auctioneers) may place real time "live" online bids which shall be executed immediately and processed by the auctioneer until fair warning is provided and the item is sold.
We strongly ecourage bids to be placed on one of the live internet platforms at either https://bids.schmitthoran.com
. Online bids submitted before the "live" close of each lot shall be treated as typical online absentee bids, which the system will execute immediately and bid competitively against other absentee bids - thus, allowing the current demand on any specific item to be known. Your maximum bid will not be exercised unless it is required due to competing bids. In addition, phone bids, e-mailed bids, mailed bids or faxed bids will be offered on a limited basis.
As a response to Covid-19 restrictions we are increasing access to live bidding agents, who can independently execute your bids the day of the sale. This service provides an independent set of eyes to validate a potential purchase or to provide flexibility in spending needs. Other additional services provided by these agents include careful packing and flexible delivery options. Buyer’s Agents generally charge a commission on each successful sale, which they will discuss with you prior to executing your bids.
Agents available for our October 24, 2020 sale are listed below:
Watches, Clocks & Antiques
John Kovacik at email@example.com
or (315) 823-1205Clocks & Antiques
Rick Merritt at firstname.lastname@example.org
or (610) 780-5979
Larry Morgan at email@example.com
or (603) 548-0976Clocks
Russel Junck at firstname.lastname@example.org
or (515) 249-3911
Bidding increments as described in our Terms and Conditions will be followed.
Schmitt Horan & Co. and their staff shall on the close of the auction day, accept and adjudicate live bids until the auctioneer declares the item sold.
Schmitt Horan & Co. shall not be held liable for a failure to transmit or accept bids placed over the internet.
Items shall be sold in a timely manner on the day of the close of the auction. We expect to average about 75 lots per hour.
Schmitt Horan & Co. charges a Buyer's Premium of 20%. Invaluable charges an additional 5% fee, so clients that employ Invaluable will pay a 25% premium.
We encourage you to go to our frequently asked questions section on our home page to learn more about our general bidding practices.