Bidding Methods & Terms
Our new format, Online Auction with Live Close, will allow buyers to bids online during the four week auction period as well as to bid "live" through the internet in real time on the final day of the auction. At the publicly announced end date and time (October 24, 2020 at 1pm Eastern), items shall start selling in order by lot number. As each lot is brought across the auction block on closing day, competition will be between live internet bidders and absentee bidders who have previously submitted bids. Bidders may place real time "live" online bids which shall be executed immediately and processed by the auctioneer until fair warning is provided and the item is sold. When registering to bid, a $25 authorization will be placed on your credit card to insure it is valid. This will typically be released within 72 hours.
Schmitt Horan & Co. and their staff shall on the close of the auction day, accept and adjudicate live bids until the auctioneer declares the item sold.
Schmitt Horan & Co. shall not be held liable for a failure to transmit or accept bids placed over the internet.
Items shall be sold in a timely manner on the day of the close of the auction. We expect to average about 100 lots per hour.
We encourage you to go to our frequently asked questions section on our home page to learn more about our general bidding practices.