May I raise my Maximum Bid? Yes, you have the ability to raise and/or lower your maximum bid at any given time while the auction is open for bidding. However, when lowering your maximum, you can not change the maximum bid price to lower than the current winning bid. What is a Bid Increment? The bid increment is the minimum dollar amount that the bid must be raised. Bid increments will typically be in $250.00 increments. You can bid higher than the minimum bid increment (next required bid), or you may enter a maximum bid, but you may not bid in denominations less than the set bid increment. Call in Bidding . To bid via the telephone, call the sale day phone or any of the consignors or professional representatives to place call-in bids for the online auction. Everyone will be glad to assist you in the bidding process. In Person Bidding. Bulls and heifers will be available for viewing and pick up sale day after the sale. We will have computers, tablets and phones available sale day to place bids for anyone who wants to bid in person. How does the auction end? The auction will end at 5 pm eastern time or as shown on the DVAuction.com. Please visit the DVAuction.com page to confirm the closing date and time. This auction will utilize an auto-extend, horse race style closing. With this feature, the bidding will remain open on all items in the auction if there has been at least one bid received on any one item in the auction within the last 5 minutes (or the set extended bidding increment at the time). Once 5 minutes has lapsed without any bidding activity, the bidding on all items will be closed. All lots will close simultaneously.
Please see the examples below – this is a sample and may or may not match the actual ending times.
Example #1: Auction closes at 5 PM. There is no bidding from 4:55 PM to 5 PM. All lots are declared closed and the sale ends at 5 PM. Example #2: Auction closes at 5 PM. There is a bid placed at 4:57 PM. Auction is extended by 5 minutes. No more bidding occurs. All lots are declared closed and the sale ends at 5:02 PM. Example #3: Auction closes at 5 PM. There is a bid placed at 4:57 PM. Auction is extended by 5 minutes until 5:02 PM. Another bid is placed at 5:01 PM. No more bids are placed. All lots are declared closed and the sale ends at 5:06 PM. What is the auto-extend time within the horse race style closing? The auto-extend time goes into effect once the auction reaches its original ending time. The auction will remain open for bidding on all items within the auction if there has been at least one bid received on any one item in the auction within the last 5 minutes, even if the original ending time has been reached. Extended bidding means that the auction is not declared closed until there have been 5 minutes of inactivity on the entire auction. Each time a bid is placed, it resets the clock timer on the auction back to the high water mark auto-extend time that is set. How do I know I won? If you are the high bidder, DVAuction.com online auction staff will email you to your registered user email address immediately after the auction has ended. This email will inform you that you have won the bid and the purchase price. If I win, how and when do I pay? At the conclusion of the auction the owner of the lot purchased will give you a call confirming you purchased their lot and arranging payment. After confirmation they will invoice you via email. Payment is expected within 2 weeks of the purchase date.
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