How To Bid
How Can I Bid?
You may place bids by:
(1) Bidding at the auction floor in person. To do this, you must first register
as a bidder and obtain a paddle with your bidder number.
(2) If you are unable to attend the auction, you may place an absentee bid. You may do so
by posting or faxing a Commission Bid Form back to Mavin. A copy of the Form is
enclosed with the printed Auction Catalogue and can also be found at the rear of
the Catalogue. You can also print out the Form from the CD-Rom version of the
Catalogue or from the Online Catalogue. Please try to send your absentee bids as
early as possible. Bids received less than 24 hours before the auction may not be
processed. Between similar bids, the one received earlier takes precedence.
(3) If you are an established client with postal and email addresses on file, you may
send in your absentee bids by email. If your total bids do not exceed S$500, you
may send your absentee bids by email even if you are bidding in Mavin auctions for the
first time. In that case, please include your postal address and a contactable telephone
number with your email bids.
(4) If you have already sent in a Commission Bid Form and you wish to revise your
bids, you may do so by email quoting your name and your bidder number or by fax.
(5) You may also bid on the internet through Liveauctioneers. The lots are usually online approximately
about a month before the auction at Liveauctioneers Live Auctions. You must be a registered
Liveauctioneers user and apply to be registered to bid for each auction. Registration
to bid through Liveauctioneers can only be made at the Liveauctioneers website by clicking on the
"Login to bid" button at the left of the item listing. Because we manually vet
registration requests, you are advised to register at least 24 hours before the start of
the session in which you wish to bid.
If your registration is not successful, you can still send in absentee bids by fax or mail.
In order to ensure that the auction
goes smoothly, the auctioneer will take non-Liveauctioneers absentee bids and floor bids first. On rare
occasions, servers may be down or internet services disrupted. This is beyond our control
and neither Mavin nor Liveauctioneers can be responsible if your Liveauctioneers bids are not transmitted
to the auction floor as a result.
The buyer's premium for bids made through Liveauctioneers is 20%. The buyer's premium
for absentee bids by post, fax and email is 18%
We appreciate that the bids in the Commission Bid Form are maximum bids. Lots will
be knocked down to you at the lowest possible price. Thus, if you bid $400 and the
second highest bid is $200, the lot will be knocked down to you at $210 and not $400.
Please write clearly as we cannot be responsible for mistakes due to illegible
handwriting. It is also a good idea to always include your email address to enable us
to contact you in case we have any question or the fax transmission is not clear.
Please always send your bids early, especially if you are doing it by mail. We have had
bids arriving by mail after the auction that would otherwise have been successful.
Special Bidding Instructions
You may include special instructions in your bid form. For example:
(1) If there are many lots you wish to bid on but you have a limited budget, you can state
the maximum amount you are prepared to spend (before Buyer's Premium) in the auction.
For example you may bid Lot 50 S$500, Lot 67 S$240, Lot 99 S$200, Lot 222 S$360,
Lot 300 S$400, then state Budget: S$1,000. We will bid on
your behalf on the lots you are interested in until your budget is reached.
(2) If you are interested in 1 out of 2 or more lots, you may send in alternative bids by
stating clearly on the bid form. For example Lot 100 S$200 OR Lot 232 S$250
OR Lot 235 S$180.
(3) If you only want 1 or more lots from a range of lots but are not particular as to which lots, you
may state so on the bid form. For example Any 1 Lot from Lot 100 to Lot 110 S$150 or
Any 2 Lots from Lot 50 to Lot 70 S$100.
The expected bidding increments for each auction can be found in the Notes to Bidders section of
the catalog. Bids not in accordance with bidding
increments will almost always be rounded down. For example, a bid of $104 will be rounded down
Unsold lots may be bought at the lower estimate (not the opening price unless this is higher) until
the consignor has collected them from Mavin or unless the consignor has given instructions that his
unsold lots are not to be sold after the auction. Buyer's Premium and any applicable GST is payable
on lots bought after the auction. As a general rule, unsold lots from the Monetary Authority of
Singapore will not be available for sale after the auction.
How to Check Bidding Status
When you send in an absentee bid, you will be assigned a bidder number, which is only
for that particular auction. You will be informed of your bidder number if
you indicate on the Commission Bid Form that you wish to receive it.
You may check the bidding status on any particular lot by going to the Online Catalogue.
Lots with bids on them will have below the estimates something like:
Current Bid: S$100
This means that bidding on the lot is currently at S$100. It does not mean that S$100 is
the bidder's maximum bid.
In the case of tied bids, the bidder number will also be shown. If the current bid is the same
as your maximum bid but the bidder number is not yours, it means that there is an earlier bid
from someone else for the same amount and his bid takes precedence over yours.
Please note that this is a floor auction, not an online auction.
While the bidding status is updated regularly, the last update will not contain late bids
and you may still have been outbid. So always send your highest bid to avoid disappointment.
ISP and Web Browser Cache
You might not see the latest bidding status if your internet browser or ISP caches or stores webpages.
The Bidding status is updated regularly. Please check the date and time at the top of each page
to ensure that you are looking at the latest Bidding Status. If you are not, you will have to
click "Refresh" until you get the latest page.
If this still does not work, you will have to clear your browser cache and/or ask your ISP to clear
More details, such as bidding increments, can be found in the Notes to Bidders section of the
E-mail us to request a copy of the Catalogue.