BEFORE THE AUCTION
Evaluating Property
Exhibition Preview
The best way to obtain information regarding
specific lots in an auction is to view the items
in person. The Popular Auction, LLC. offers
preview exhibitions which are free and open to
the public up to four days prior to auction. It
is important to remember that all lots offered
by The Popular Auction, LLC are sold ¡°as is¡±
as defined in our
Conditions of Sale. Therefore, we strongly
advise prospective buyers personally examine any
property in which they are interested.
Additional ways to view the property:
Printed Auction Catalogue
Each printed catalogue includes detailed auction
information with full descriptions for each lot
including provenance, exhibition history and
auction estimate as well as photographs of
select highlights. Catalogues are available for
purchase by contacting
Client Services at 1-908-751-5801 emailing
info@thepopularauction.com
Fully Illustrated Online Auction
Catalogues
The Popular Auction publishes a complimentary,
fully illustrated
Online Catalogue on our website. Our online
catalogue contains the same detailed information
as the printed catalogue and clients may view
enlarged photographs, track lots, place absentee
bids or request additional information. The
online catalogue is generally published on our
website four weeks prior to the auction.
Condition Reports
We encourage potential bidders to
gather as much information as possible regarding
a lot before placing a bid. Our experienced team
of specialists and associates may assist you in
obtaining a Condition Report for lots with a low
estimate of $300 and above in the following
ways:
Personally attend
an auction preview, or send a trusted advisor,
to discuss the property with a member of our
knowledgeable staff.
Contact our Client Services department at
1-908-751-5801 or
info@thepopularauction.com.
View our Online
Catalogue and click the question mark button
to email our specialists your questions.
We regret that we cannot guarantee the
availability of condition reports requested less
than 24 hours prior to the start of the auction.
For best results, please request condition
reports as early as possible.
DURING THE AUCTION
Conditions of Sale
All sales are governed by our
Conditions of Sale. Please fully read and
understand the Conditions of Sale prior to
placing any bids. Any questions should be
directed to our Client Services department at
1-908-751-5801 or
info@thepopularauction.com.
Bidding at the Auction
After carefully previewing and assessing the
condition of the property of interest and
reading, understanding and agreeing to our
Conditions of Sale you may place a bid. Our
bid increments are:
$0 -
$200................................$10
$200 - $500..............................$25
$500 - $1,000............................$50
$1,000 - $2,000..........................$100
$2,000 - $5,000..........................$200
$5,000 - $10,000.........................$500
$10,000 - $20,000........................$1,000
$20,000 - $50,000........................$2,000
$50,000 - $100,000.......................$5,000
$100,000 - $200,000......................$10,000
Over
$200,000........................Auctioneer¡¯s
Discretion
Ways to Bid:
Live Bidding
Our auctions are free and open to the public
with no obligation for the attendees to bid.
There is no need to come for the beginning of an
auction and stay for the entire sale; you may
come and go from the auction as you please.
Should you choose to bid at the live auction,
you must register for a paddle at the entrance
to the salesroom either on the day of the
auction or during the preview. If you
pre-register at the preview, please visit the
front desk to pick up your paddle on the day of
the auction. Registration requires your full
contact information, photo identification, and
your signature agreeing to the
Conditions of Sale.
Once the auction begins, the auctioneer will
clearly announce the lot number and bid
increments as the bidding begins and proceeds.
To place a bid, raise your paddle to the
auctioneer for his or her recognition. When all
of the bidding is through, the auctioneer will
give fair warning, sell the item to the final
bidder, and announce the price and paddle
number. When you are finished bidding on the
lots in which you are interested, please return
your paddle to the front desk, examine your
invoice and make arrangements for payment and
pickup.
Telephone Bidding
Up to 24 hours in advance of an auction, you may
fax the
Telephone / Absentee bid form to our office.
Please note we can only accept telephone bids
for lots with a low estimate of $300.00 or
above. Once you are registered, an experienced
staff member will call you the day of the
auction approximately five lots before your item
is scheduled to be sold. They will communicate
to you the bidding activity in the room and will
relay your bids to the auctioneer at your
discretion. If you are successful, an invoice
will be both emailed and mailed to you the next
day.
Absentee Bidding
Up to 24 hours in advance of an auction, you may
fax the
Telephone / Absentee bid form to our office.
The bid you leave is the highest price you are
willing to pay exclusive of buyer¡¯s premium and
applicable sales tax. Absentee bids are always
confidential, and bids are executed at the
lowest price possible according to reserves and
competitive bids. If there are tied bids, the
bidder who registered first is given precedence.
All absentee bids are time stamped.
Live Online Bidding
All of our auctions are conducted in real-time
on a third party online bidding service
http://www.liveauctioneers.com For more
information on live online bidding, please
contact
Client Services at 1-908-751-5801.
AFTER THE AUCTION
Invoices are sent via email immediately
following the sale and a paper copy is
mailed to you the day after the sale.
Forms of Payment
The Popular Auction accepts cash, money
order,and wire transfer as forms of payment. We
reserve the right not to release property until
a check clears the bank.
Buyer¡¯s Premium and Sales Tax
¡¡ |
H A M
M E R P R I C E / B U Y E R ¡¯ S P R E
M I U M |
¡¡ |
First |
Portion
From |
Portion
From |
Bidding Option |
$0-$10,000 |
$10,001-$100,000 |
$100,001 and above |
In-house |
25% |
20% |
15% |
liveauctioneers.com |
28% |
23% |
18% |
In addition to the hammer price, the buyer
agrees to pay The Popular Auction,LLC a buyer¡¯s
premium and the applicable sales tax added to
the final total. The buyer¡¯s premium for
purchases made in-house is twenty-five percent
(25%) of the hammer price up to and including
$10,000; twenty percent (20%) of any amount in
excess of $10,000 up to and including $100,000;
and fifteen percent (15%) of any amount in
excess of $100,000.¡±Bid on liveauctioneers.com
3% additional.
When applicable, state and local sales taxes
will be added to the hammer price and buyer¡¯s
premium. Sales tax will not be assessed for
items shipped out of state by a licensed shipper
or those with a copy of a current resale
certificate on file at The Popular Auction,LLC.
Please contact our Accounting department at
1-908-751-5801 to file a copy of your resale
certificate.
Removal of Property
Unless other arrangements have been made, all
property must be removed from our premises
within the seven business days following an
auction. Property not removed within seven
business days will be subject to a storage fee
as outlined in our
Conditions of Sale. On non-auction days, we
are open Monday through Friday from 9 am - 5 pm
for pickups. On auction days, we can only
accommodate pickups for items in that particular
sale.
Shipping
Buyers assume full responsibility for the
packing and shipping of lots won at auction. Our
Recommended Shippers offer a wide variety of
local, domestic, and international shipping
options. As stated above, if a buyer has a
purchase shipped out of state via a licensed
shipper, applicable sales tax will be not be
assessed.
In the interest of our clients, The Popular
Auction requires a written authorization from
the buyer in order to release property to anyone
other than the purchaser of record (including
but not limited to our recommended shippers).
You may submit the
Shipping Release Form via fax
to 1-908-751-5912 or email to
info@thepopularauction.com.
Frequently Asked Questions
Can I cancel the sale on an item if I
change my mind?
All lots are sold ¡°as is¡± according to our
Conditions of Sale and are not returnable.
Careful consideration should be made before
bidding at auction.
I forgot to request a Condition
Report and the item isn¡¯t what I expected. What
can I do?
All lots are sold ¡°as is¡± according to our
Conditions of Sale and are not returnable.
Absence of a posted condition report does not
indicate that an item is in perfect condition,
and our staff is always happy to accommodate
requests for condition status should time
permit.
Can I just give authorization for
someone else to pick up my item over the
telephone?
The Popular Auction requires a written release
for all property not collected
by the purchaser. You may submit the
Shipping Release Form via fax
to 1-908-751-5912 or email to
info@thepopularauction.com.