Find answers to commonly asked questions.
An auction is a public sale in which goods or properties are sold to the highest bidder. Individuals who are wanting to buy items can register to bid.
For all online auctions, make sure you are registered to bid using the link located on the auction page for the specific auction. Auction registration typically opens 2-3 weeks prior to the auction date. Registration requires a valid email address, physical address, phone number and credit card. Financing should also be lined up in advance of an auction. Most auctions require payment in full within 24 hours of the auction ending.
Create a free account by clicking here. Once you have created an account, you will need to register for the specific auction you are interested in. Once registered for the auction, you will then be able to bid on individual items.
We take data security very seriously. We work with a third party system that is PCI compliant and has the highest level of data security in the industry.
Invoices will be emailed to all successful buyers within a couple hours of the auction ending. Once you receive the invoice by email you can complete payment in a variety of ways. Money wire, credit card and cash are accepted. Money wire is preferred and additional credit card fees do apply. Please reference full terms and conditions for the individual auction, as payment options can vary by auction.
Once your invoice is paid in full, you will be able to arrange pick up during set load out times. The location(s), dates, and times for pick up will be included in the invoice that is emailed after the auction. You as the buyer, are responsible for load out, shipping, and rigging if necessary. In some circumstances, BIC Auctions may be available to provide these services at an additional charge.
Live Online Auctions are broadcast online through audio and video stream for bidders to
hear and follow the auction remotely from their computer. There is no onsite bidding.
Bidders are able to hear the auctioneer live and bid from their computer.
Timed Online Auctions are online auctions with automated closing and extension times for each lot. Timed auctions do not have audio or video streams. Each lot has a date and time when bidding will end. Bidding usually opens a couple weeks prior to the auction end date. Lot end times will automatically extend if additional bids are placed within two minutes of the lot closing.
We would love to hear from you! If you are looking to buy or sell equipment and have any questions, our dedicated team is here to assist you in any way we can.