Q: Where is Meridian Auction located, and hours of operation?
A: We are located at 1346 N Hickory, Meridian, Idaho 83642. Our doors are open from 9:00AM to 6:30PM. you can call (208) 429-8000 for directions.
Q: Why consign with Meridian Auction?
A: We understand selling family estates can be an emotional time. You can be rest assured that we will handle everything, from A to Z. We offer pick-up, without having to collect any up-front fees. With our vast following of buyers this will be a lucrative transaction without having to do any of the work!
Q: What is a maximum bid?
A: A maximum bid is the highest amount you are willing to pay and the computer will automatically bid up to your max amount in the increments specified should someone else bid on the item. Example #1: if the bid is at $20.00 and you put a max bid of $250.00 you would be the high bid at $21.00 and you would be the winner at $21.00 unless someone was bidding against you. It would take someone bidding against you to increase your bid. Example: #2 If the bid is at $20.00 and you bid $250.00 and someone else has placed a bid of $150.00 then your bid would be advanced to $160.00, and if the auction ends at $160.00 that is what you pay, not $250.00 . It would take someone bidding against you to advance your bid.
Q: Why does my bid say pending?
A: We have a low ceiling on bidder approval amounts. We will need to verify account information to approve you for higher than a $1000.00 limit. Make sure all your account information is current. We check email, phone number and address. Please contact our office at (208) 429-8000
Q: What is a staggered close? What is a soft close?
A: A staggered close is where each lot ends at set increments after the previous lot, so all lots don't end at the same time. A soft close is where bidding activity extends 4 minutes per lot if there is bidding activity within the last four minutes. Bidding will be extended until there are not more bids.
Q: What does it mean to say I have won?
A: Our system is equipped to handle auctions where there are simultaneous live bidders and online bidders, so at the close of the auction if will indicate You may have won. The majority of the time means you indeed were the highest bidder and won the lot. You will receive an emailed invoice within a few hours after the auction closes. You are welcome to call us regarding your status the following day if you haven't received an invoice.
Q. I won! When do I pay my invoice?
A: Invoices are to be paid no later than 72 hours after the auction closes. For example, a Tuesday auction payment and pick-up is expected no later than Friday 6PM. Thursday auctions invoices are due the following Tuesday 6PM.
Q: Are there any reserves on any of the consignments?
A: No Reserve attracts highly motivated bidders. The level of bidding excitement is heightened by competitive bidders.
Q: What are your fees?
A: As a policy we do not publicly advertise our fee schedule and consignment rate. We encourage anyone considering selling items at auction to contact us before making a decision to contract with another provider. We will go over costs involved to sell items at auction as well as well as all the other benefits of consigning with us.
Q. What is the time frame to get my auction booked online?
A: Generally we ask for enough time to inventory all the auction items, professionally photograph them, and advertise as well. Typically this takes a couple weeks.