How To Bid: Online or Live In-Person
Live in-person auctions: You must register in the office trailer and you will be given a bidder card with a number on it. Everything is sold to the bidder number, (which is registered to you with your information) and then when you are ready to leave you go back to office trailer and cash out using the bidder number.
Online auctions Log In: You must be logged in to place online bids. If you do not have an account created, click the Create An Account https://youtu.be/26joCedXHxg?t=22 link in the upper right hand corner of your screen to begin creating your account. Once your account has been created, you will need to log into the catalog of your choice and agree to the terms and conditions. After the auction company approves your registration, you can place your bid(s).
Place Your Bid
Once you have logged into MarkNetAlliance.com, you may place a bid from an individual lot on the catalog or lot detail page. Multiple-lot bidding within an auction is available on the catalog page.
Verifying Your Bid
Before your bid is finalized, you will be prompted to confirm your bid amount.
Submit Bid
Depending on the auction company, the buttons used to bid may be phrased differently. For example
Max Bid: this will allow you to enter your max bid and the system will continue to bid for you by increments until it reaches your maximum bid amount
ForceBid/JumpBid is a bidding strategy by which a bidder increases the bid by more than the next accepted bid (placing your bid at $150 when the next accepted bid is $125). Sometimes this practice is used by some bidders to discourage others from bidding in hopes of acquiring an item at a lower price. There are many theories on the effectiveness of this practice and a bidder who wishes to apply it does so at their own discretion. The auction company will not lower the price of an item that has been won by a "forced bid” with no other competing bids.
Ultimate Choice Bidding Platform: When this is being utilized there is no max bidding feature. Once you have clicked on the lot or combination of lots and click get price you then have two options. You can simply click submit bid to enter the bid at the amount displayed or you can enter a higher bid in the space provided. Your bid will be implemented at this amount. This is not max bidding, so the bid will be placed at the exact amount you enter.
Once you have placed your bid and it has been submitted(online), or you have given the auctioneer your bid(Live in-person) the bid becomes a legally binding offer to purchase the item(s) or property being auctioned.
Keep Track of Your Bids
You will receive an email notification if you have been outbid (if elected, you can also receive a text notification). Notifications can be configured from your Profile Settings page.