Auctions are unique-in experience, in sound, in practice,
but are more common than most people realize.

Much of our daily lives are impacted by auctions.

• The New York Stock Exchange controls the value of stocks.
• Livestock auctions have an impact on the cost of food products
• Energy prices are determined at the Chicago Mercantile.
• The interest rate on money is even controlled by auctions.
• Last but not least, we have all heard of eBay, where you can buy and sell almost anything! The difference between eBay and Coldwell Banker Glennon Auction Division is that our auctions are live.

But you don’t have to be a seasoned auction attendee to be able
to experience the thrill of auctions.

WELCOME!
Auctioneers across America are glad to welcome new bidders to their auctions. And though almost everyone has heard the old story about the person who attended an auction, scratched his nose and came home with an item he did not intend to buy, pay no heed to that myth.

FEEL FREE TO GET YOUR FEET WET !
Don’t think you have to go to your first auction ready to bid. You are welcome to attend any of our auctions to get a feel for how they are conducted.  Just come and watch, listen and learn. Our auctioneers will spend some time addressing commonly asked questions and explaining how the auction is going to work.

ASK QUESTIONS
Always remember that at one of our auctions, feel free to ask a question if you don’t understand something. Our auctioneers and staff want people to continue to attend auctions, so we do all we can to encourage repeat business! Ask a question of a member of the auction team, and we will find the answer for you.

REGISTER
When you arrive at an auction site, register for a bidder number and read the terms printed on or displayed on posters, brochures or handouts. Again, ask questions if you don’t understand a policy.

ATTEND INSPECTIONS
At our auctions, most property is open for inspection two weeks prior to the sale by appointment or generally one hour prior to the auction. These terms are in all pre-printed materials and announced day of sale.

HOW TO BID
In order to bid at an auction, you need to make contact with the auctioneer or ringperson. A ringperson or ground man is someone who takes bids from the audience and then passes those on to the auctioneer. To bid, hold up your bid card, your hand or shout “yes”. The auctioneer or ringperson will make eye contact with you, take your bid and immediately turn and seek another bid. You can remove yourself from the process at any time by shaking your head “no” or saying “no” if the auctioneer or ringperson turns you way. Should an auctioneer or ringperson misinterpret any of your signals, simply report the mistake right away.

AUCTION CONCLUSION
At the conclusion of the auction you will be asked to sign a
contract and exchange earnest money.  We can accept cash, check
or major credit cards for your convenience.