All bidding takes place online. Bids for the Online-Only Auction can be submitted throughout the duration of the bidding period. Once the registration is approved by Paul Fosh Auctions, registrants can submit bids by clicking either the "Place Instant Bid" or "Set Auto Bid" button on the lot page for each property. There are minimum bidding increments set which typically vary from £2,000 down to £250 for smaller properties, however, bidders have the option to customise their bid using the + - buttons to make a higher bid should they wish.
If you know the maximum amount that you want to bid and don't want to sit at the computer all day, you can enter an automatic bid with a pre-set maximum amount that is hidden on the website. The computer will then automatically enter bids for you in the applicable increments only as needed to top other bidders. The computer will only enter bids for you as necessary to keep your place as the winning bidder, up to your maximum bid price.
Our Auto-Bid system makes bidding convenient so you don't have to keep coming back to re-bid every time someone places a bid higher than yours. Please note, if the maximum bid you wish to make is at least the reserve price, we’ll automatically increase your bid to meet the reserve, and bidding will continue from there.
Lots will close in five minute intervals (for multiple lot online sales) unless a bid is placed within the final 60 seconds of the designated closing time. If a bid is placed within the final 60 seconds, 60 additional seconds will be added to the designated closing time for that lot. There is no limit to the number of possible extensions.
Bidding will close when no further bids are received within the final 60 seconds. Please note that the extension of any one lot’s closing time does not affect the closing time of any other lot. Therefore, it is possible that lots will close out of numerical lot order.
The closing of the lot will be as per the time stated, however if a bid is placed in the final 60 seconds an additional 60 seconds will be added. This is known as an extension. For this to happen the original clock will time out before the extension is added. If a bid is placed during an extension, the extension will reset to 60 seconds.