Remote bidding auction
Registration for our next auction on 19th May is now open. You can register to bid by internet for all lots, to bid by proxy or telephone you will need to wait for the property you are interested in to be available on our website. All lots will be available by 28th April. Registration closes at 12 noon on Tuesday 18th May.
Due to the current restrictions caused by the Covid-19 pandemic, our auctions will be livestreamed via our website with remote bidding by proxy, telephone or internet (you will not be able to attend the auction in person). You will need to pre-register for each auction by completing our online registration process, provide your identification and securely register your debit card details with SagePay no later than 24 hours prior to the start of the auction.
SagePay will authenticate and securely store your card details, but NO payment will be taken unless you are a successful purchaser. In the event that you make a purchase we will automatically take a payment from your registered card. You must therefore ensure you have sufficient funds in your bank account for the 10% deposit, subject to a minimum of £5,000 plus the administration fee of £1,440 inc Vat. There is a maximum amount we can automatically take from your card and you must be available by telephone on the auction day to make a top-up payment if required. If you do not register your card details with SagePay prior to the auction, you may not be able to bid.
Please note, the button to register your details within SagePay will say ‘pay’, unfortunately we have no control over changing this but we can assure you that NO payment will be taken unless you are a successful bidder. If you would like to discuss this further, please call us on 0121 312 1212.
If you are bidding on behalf of a company and don’t have a debit card, you can alternatively transfer your funds to our client account in advance of the auction. If you are bidding from overseas you must transfer your funds in advance. Please contact us to discuss your circumstances and we will explain the process further.
Please note you will require the following documents in order to proceed:
- Buying in your sole name – 2 forms of identification, either your passport, driving licence or national insurance number and your debit card details.
- Buying in joint names – 2 forms of identification, either the passport, driving licence or national insurance number for each party/parties and your debit card details.
- Bidding on behalf of someone else – a signed letter of authority, 2 forms of identification, either the passport, driving licence or national insurance number for yourself and the purchaser(s) and your debit card details.
- Funds being provided by a 3rd party (such as a relative i.e. not including a bank or financial institution) – 2 forms of identification for each party and either their passport, driving licence or national insurance number.
- Bidding on behalf of a company and you own more than 50% share – certificate of incorporation, company registration number, 2 forms of identification for yourself, either your passport, driving licence or national insurance number and your debit card details.
- Bidding on behalf of a company and you own less than 50% share – certificate of incorporation, company registration number, personal details for all directors, 2 forms of identification, either the passport, driving licence or national insurance number for yourself and each director and your debit card details.
- Buying and you are a non-UK resident – 2 forms of identification – if supplying your passport you must provide both the front and back pages of it. You must also provide either your passport, driving licence or national insurance number and details of your UK Solicitor (who must email us prior to the auction at firstname.lastname@example.org to confirm that they have been instructed to act on your behalf). You will also be required to transfer your deposit (10% of your maximum bid subject to a minimum of £5,000) and the administration fee of £1,440 (inc. Vat) to our client account in cleared funds in advance of the auction (this will be refunded if you are unsuccessful which can take up to 10 working days).
Please do not proceed unless you have ALL the necessary information to hand as you will NOT be able to complete your application.
Ways to bid
The auction will still operate in the same way, with the auctioneer conducting the auction, which will be livestreamed via our website. If you are interested in purchasing any of the lots, we offer 3 different ways to bid.
We already offer these services at our in-room auctions, so they are all tried and trusted ways of bidding.
You instruct the auctioneer to bid on your behalf up to your maximum pre-set amount. Your bid is confidential between you and the auctioneers, and it will not be disclosed to anyone else. The auctioneer will bid on your behalf in accordance with the other bids, so you can still get the property for less than your top bid.
You must pre-register to bid for each auction, by completing our online registration form, no later than 24 hours prior to the start of the Auction. You can keep up-to-date with the bidding by watching the auction live.
Please note, you can place a proxy bid on as many properties as you wish but you must be prepared to purchaser all of them. If you want to bid on several lots but only buy one (in case your first bid is not successful) then you will need to opt to bid by telephone or internet.
You can bid on up to 5 properties by phone and you will need to be available on the day of the auction for us to contact you. One of our auction team will give you a call when we get to the lot(s) you are interested in and bid as per your instructions over the phone. You must pre-register to bid for each auction, by completing our online registration form, no later than 24 hours prior to the start of the Auction.
We also have the option to bid through a secure area on our website. You must pre-register to bid for each auction, by completing our online registration form, no later than 24 hours prior to the start of the Auction. We will process your application and provide you with your log in details to bid. You will be able to see the bidding live and place your bid accordingly, click here for a guide to internet bidding.
Please note, you must read the legal pack before we can create your online bidding account, please ensure you register with the same email address you provide to us for the system to identify you. If you don’t follow these important steps you won’t be able to bid.
As with any auction, if you are successful, your purchase will be legally binding, and you will exchange contracts on the fall of the gavel. A member of our staff will sign the contract/special conditions of sale on your behalf, in accordance with the terms and conditions, which are available with our remote bidding form.
It is your responsibility to ensure you have completed all of your pre-auction checks which should include viewing the property, reading the legal pack (which can include costs in addition to the purchase price), checking the addendum for any changes to the catalogue, reading the important information, common auction conditions and remote bidding terms and conditions as well as arranging a survey and your finances (if applicable).
Please note that Bond Wolfe Auctions cannot be held responsible for internet/connection/communications problems which stop you from being able to bid for any of our auction properties.