HOW IT WORKS: BIDDING IN OUR ONLINE AUCTION
REGISTRATION & IDENTIFICATION: There is no cost to register for an auction. At the time of registration, we collect information about you to verify who you are before you can bid. All bidders must be 18 years or older in order to register on our website, and provide a valid credit card which will be temporarily authorized for $1. This is not a charge, and is only used to verify that the credit card is valid. The $1 authorization will fall off in the next couple of days. During the registration process, you can click a check box to select whether or not you would like to receive e-mail notifications about upcoming auctions, or when you are outbid on an item.
INSPECTIONS: Inspections will take place either at our office (136 Moore Avenue South, Waterloo), or on-site at the Seller's property for large items and Estate Sales. Please view the specific details in the description section of each individual auction, as each auction will have a different location and pickup window.
BIDDING: The majority of items we list start at $5, and sell to the highest bidder without any reserves. Occasionally, we will place starting prices on higher priced items so that the seller is guaranteed a minimum value or else it doesn't sell. In the event that two bidders place a bid for the exact same amount, the software will consider the first of those bids as the "winning" bid and it will be shown on that user's screen in bold green letters. If you are no longer winning an item, the item will say "Outbid" in bold red letters.
REVIEWING YOUR BIDS: During an auction you can check the status of your bids at any time by watching the Live Catalog, or by clicking the Watched Lots (blue star button) on the top menu. Note that no bids can be withdrawn after the auction for any reason. All items are sold as is, where is, with all faults, so we encourage bidders to inspect items in person if they are unsure about its condition.
STRATEGY: We recommend that ALL BIDDERS place their maximum bid when placing a bid online. This does not mean you will have to pay the amount you bid; you only pay one bid more than the next highest bid, and only up to your maximum bid. The software system will play out the bids as you would at a live auction and only use the funds required to beat out the under-bidder at the next available bid increment. Much of the bidding happens a the last minute, and in order to prevent "sniping", our site uses a soft-close function:
SOFT CLOSE: All of our auctions will specify a close time, at which point, the lots begin to close one by one in numerical order, separated by 10 second intervals. To prevent a bidder from 'sniping' an item (bidding in the last seconds of an auction), any bid placed on an item in the last 5 minutes before closing will add an additional 5 minutes to that specific item's close time. This will continue until all bidding has ceased for 5 full minutes. To be absolutely sure you have won an item, we recommend that you watch the auction close in real-time so that you can see if you are "winning" as the item closes for the 5 minutes following your last bid. Although an outbid notification will always be sent out to former high bidders, 5 minutes isn't a lot of time to receive an e-mail, log back on, and increase your bid
WINNING NOTIFICATION & INVOICING: All winning bidders will receive an e-mail with an attached invoice the morning after the auction closes. If you'd like to know whether you won a lot immediately after the auction, check your "bidder history" -- if it says "may have won" in green letters that means you are the highest bidder on the lot and should be receiving an invoice the following morning with more details. If you are not the highest bidder, it will say "you have been outbid" in red letters and you did not win the item.
PAYING FOR YOUR PURCHASES: Your credit card will not be charged unless you win an item. When an auction closes, if you are the winner, you will be notified by e-mail invoice with the pickup instructions. During pickup, you have the option to pay the invoice amount in Cash, Debit, or VISA depending on the location of pickup. Any items not picked up, will be charged for the full amount to the card on file and the account may be banned from further use of the site.
PICKUPS & REMOVALS: Pickup times and location will be posted in the description section for each Auction. If an item is not picked up during the specified pickup window, it will be deemed abandoned unless other arrangements have been made with a KW Auctions manager. KW Auctions reserves the right to charge the winning bid amount, plus any applicable Buyers Premium and taxes on abandoned items. Please do not bid unless you are unable to pick up your won items during the posted pickup times.
SHIPPING: Shipping for small items can be arranged with KW Auctions. We ship via Canada Post with tracking to the USA and Canada. We suggest that you contact us to inquire about shipping costs for a particular item prior to bidding, as bids cannot be revoked once they have been placed.
CONDITIONS OF ITEMS SOLD & OUR ONLINE CATALOGUE: Our best efforts are made to represent all items accurately in descriptions and photographs; however, all items are ultimately sold on an 'as is, where is' basis, with all faults. We strongly encourage all bidders to personally verify the condition of each item during the scheduled preview times. No responsibility is assumed by KW Auctions or seller for any errors or omissions.
EMAIL COMMUNICATIONS: As per Canada's new anti-spam legislation (effective date July 1, 2014), we are required to secure your consent to communicate with you electronically. By registering for this auction, you are opting in to receive auction notices from KWauctions.ca. You may withdraw your consent at any time by clicking on the unsubscribe link contained within each auction notice. Your privacy is important to us -- your email address will not be shared with any other party.
By registering to bid you acknowledge that you agree with the terms stated above. Do not bid unless you agree to all of these terms. Thank you for reading! If you're ready to get started, click here:
INSPECTIONS: Inspections will take place either at our office (136 Moore Avenue South, Waterloo), or on-site at the Seller's property for large items and Estate Sales. Please view the specific details in the description section of each individual auction, as each auction will have a different location and pickup window.
BIDDING: The majority of items we list start at $5, and sell to the highest bidder without any reserves. Occasionally, we will place starting prices on higher priced items so that the seller is guaranteed a minimum value or else it doesn't sell. In the event that two bidders place a bid for the exact same amount, the software will consider the first of those bids as the "winning" bid and it will be shown on that user's screen in bold green letters. If you are no longer winning an item, the item will say "Outbid" in bold red letters.
REVIEWING YOUR BIDS: During an auction you can check the status of your bids at any time by watching the Live Catalog, or by clicking the Watched Lots (blue star button) on the top menu. Note that no bids can be withdrawn after the auction for any reason. All items are sold as is, where is, with all faults, so we encourage bidders to inspect items in person if they are unsure about its condition.
STRATEGY: We recommend that ALL BIDDERS place their maximum bid when placing a bid online. This does not mean you will have to pay the amount you bid; you only pay one bid more than the next highest bid, and only up to your maximum bid. The software system will play out the bids as you would at a live auction and only use the funds required to beat out the under-bidder at the next available bid increment. Much of the bidding happens a the last minute, and in order to prevent "sniping", our site uses a soft-close function:
SOFT CLOSE: All of our auctions will specify a close time, at which point, the lots begin to close one by one in numerical order, separated by 10 second intervals. To prevent a bidder from 'sniping' an item (bidding in the last seconds of an auction), any bid placed on an item in the last 5 minutes before closing will add an additional 5 minutes to that specific item's close time. This will continue until all bidding has ceased for 5 full minutes. To be absolutely sure you have won an item, we recommend that you watch the auction close in real-time so that you can see if you are "winning" as the item closes for the 5 minutes following your last bid. Although an outbid notification will always be sent out to former high bidders, 5 minutes isn't a lot of time to receive an e-mail, log back on, and increase your bid
WINNING NOTIFICATION & INVOICING: All winning bidders will receive an e-mail with an attached invoice the morning after the auction closes. If you'd like to know whether you won a lot immediately after the auction, check your "bidder history" -- if it says "may have won" in green letters that means you are the highest bidder on the lot and should be receiving an invoice the following morning with more details. If you are not the highest bidder, it will say "you have been outbid" in red letters and you did not win the item.
PAYING FOR YOUR PURCHASES: Your credit card will not be charged unless you win an item. When an auction closes, if you are the winner, you will be notified by e-mail invoice with the pickup instructions. During pickup, you have the option to pay the invoice amount in Cash, Debit, or VISA depending on the location of pickup. Any items not picked up, will be charged for the full amount to the card on file and the account may be banned from further use of the site.
PICKUPS & REMOVALS: Pickup times and location will be posted in the description section for each Auction. If an item is not picked up during the specified pickup window, it will be deemed abandoned unless other arrangements have been made with a KW Auctions manager. KW Auctions reserves the right to charge the winning bid amount, plus any applicable Buyers Premium and taxes on abandoned items. Please do not bid unless you are unable to pick up your won items during the posted pickup times.
SHIPPING: Shipping for small items can be arranged with KW Auctions. We ship via Canada Post with tracking to the USA and Canada. We suggest that you contact us to inquire about shipping costs for a particular item prior to bidding, as bids cannot be revoked once they have been placed.
CONDITIONS OF ITEMS SOLD & OUR ONLINE CATALOGUE: Our best efforts are made to represent all items accurately in descriptions and photographs; however, all items are ultimately sold on an 'as is, where is' basis, with all faults. We strongly encourage all bidders to personally verify the condition of each item during the scheduled preview times. No responsibility is assumed by KW Auctions or seller for any errors or omissions.
EMAIL COMMUNICATIONS: As per Canada's new anti-spam legislation (effective date July 1, 2014), we are required to secure your consent to communicate with you electronically. By registering for this auction, you are opting in to receive auction notices from KWauctions.ca. You may withdraw your consent at any time by clicking on the unsubscribe link contained within each auction notice. Your privacy is important to us -- your email address will not be shared with any other party.
By registering to bid you acknowledge that you agree with the terms stated above. Do not bid unless you agree to all of these terms. Thank you for reading! If you're ready to get started, click here:
