FAQ: Bidding

Answers to common questions about buying at auction!

How do I register to bid?

See a full explanation of ways to bid and how to register at How to Bid.

Can I get a condition report and more information about a lot?

Condition reports and additional information is available on the online catalogs. We welcome a call or email with any additional questions you might have regarding a particular lot. While we try to be as accurate as possible, our condition reports are subjective descriptions of the readily apparent conditions and may have limitations. All lots are sold “as is” as expressed in our Conditions of Sale and we strongly recommend in-person inspection by you or an agent of lots of interest.

How do I know when a certain lot is selling?

The pace of an auction can vary significantly, but we usually average between 60 and 90 lots per hour. You can watch the auction's progress through one of the online bidding platforms available.

What is the reserve?

A reserve is the lowest amount for which a particular lot could possibly sell. This amount is not made public though it will never be higher than the low end of the auction estimate and is usually well below the auction estimate. Advance online bidding or bidding during the live auction may begin below the reserve price. If bidding competition does not achieve the reserve price, then the lot will “pass” or go unsold. Any unsold lot is available for purchase at the reserve price after the auction.

Will there be a reserve on a lot?

All lots may have a reserve, but the reserve will always be at or below the low end of the auction estimate. If the reserve price of a lot is not reached, the lot will not be sold and is available for purchase following the auction.

Where can I find the auction results?

Sale results are available through the online catalog available at the internet bidding platforms linked to the auction and through the links on the Past Auctions page.

What is the Hammer Price?

The amount that the auctioneer sells a lot for during the auction is the hammer price. The hammer price does not include the Buyer's Premium, which is an additional fee added as a percentage of the hammer price.

What is the Buyer’s Premium?

The buyer’s premium is a percentage of the hammer price added to the invoice for winning lots. If you bid directly with Simpson Galleries (either in person, by absentee or by phone) the buyer’s premium you will pay is 19.5%. Internet bidding platforms charge an additional percentage fee. Please confrm the total buyers premium for the bidding platform of your choice.

Do you accept credit cards or checks?

Yes! You can pay by credit card through the link on your email invoice or by calling us directly. Pay by check in-person or by sending it to us with a copy of your invoice through the mail. Please let us know that you will be paying by check so we know to expect it.