A Buyer’s Premium is a percentage amount paid by the buyer and added to the highest successful bid to determine the final contract price. For example, if the Buyer’s Premium is 13% and the Buyer bids $100, the Buyer will pay $100 for the item plus $13 Buyer’s Premium for a total of $113.

Online auctions have a soft close. What does that mean? The first lot in the auction begins to close at the appointed time, usually with one-minute set between each lot (Lot #1 6:00pm; Lot #2 6:01pm, and so on). Each lot will close according to its timer; however, a lot timer will be extended back up to two (2) minutes if a new bid is submitted within the final two (2) minutes of the timer, this may continue on a given lot until bidding is finished. Once bidding has stopped on a lot, the timer will run to zero (0) and the lot will be sold to the highest bidder.

In registering for an auction, you will be asked for your credit card information. Invoices are sent to your email used at registration after the auction is finished. During pick up you can pay by cash, check, or credit card (credit card on file or a different one). If items are not picked up during the appropriate pick-up time your credit card on file will be charged for your purchases. Rotundo Auction Services does not store or keep credit card information on file. If you wish to change your card that you use to pay, you can do that in your account or call our office.

Congrats…you are the high bidder on one or multiple items! Once the auction is completely over, you will receive an email that will have an unpaid invoice with the removal times for each auction, BEFORE you bid ensure that you are able to pick up your items during the indicated pick up times.

If you find yourself in this situation, don’t worry you didn’t break the system. With any lot, bidders have the ability to place a maximum bid on that lot stating what they are willing to pay. In this situation, someone placed a max bid of $100 prior to your bid and even though you bid $100, their $100 bid was there first and takes precedence. You would need to bid at the next increment in order to become the high bidder.

Be familiar with the rules of the auction. Read the terms of sale carefully. Contact Rotundo Auction Services if you have any questions. We will be happy to help. (570) 251-5632

We’re passionate about what we do! What sets us apart from the competition is that we’re passionate about the services we provide. We just love auctions! Whether a buyer or seller we are dedicated to doing the best job possible for you!