How It Works

Bidding & Buying in the Online Auction

Bidding Closes on December 7 & 8, 2013
• Closing times both days begin at 6:00 PM est, 5:00 PM cst
• Englewood, Florida Assets - Bidding Closes Friday, December 7, 2012
• Dixon, Illinois Assets - Bidding Closes Saturday, December 8, 2012

Important Notices

BUYERS PREMIUM - 12% added to final bid
Buyer's Premium for items at or over $10,000 - 6%

$100 Deposit REQUIRED to Register to Bid
The deposit will be completely refunded if you don't purchase an item.
Deposit will apply to any purchases made.

Pick up, packing and shipping are the responsibility of the Buyer

Four Steps and what you need to know about them.
• Bid
• Pay
• Pick Up Your Purchases
Register to Bid: See Below for Informtion

Bidding and Buying:

Englewood, Florida Assets - Bidding Closes Friday, December 7, 2012
Closing Time for Englewood, FL Assets
6:00 PM est, 5:00 PM cst

Dixon, Illinois Assets - Bidding Closes Saturday, December 8, 2012
UPDATED Closing Time for Dixon, IL Assets
2:00 PM est, 1:00 PM cst

If late bids (last minute) are received on an item, an additional 3 minutes will be added to the countdown timer on that lot. Only after a 3 minute period passes with no additional bidding will the bidding close.

After the bid opening, a bidder may place individual bids that are higher than the previous bid. Bid increments are $25 up to $1,000 and $50 thereafter. Bid Increments may vary for certain items.

Bidder may place confidential maximum (proxy) bids where they declare the maximum dollar amount they want to bid, and the computer will bid on their behalf until they have successfully purchased the item or the asking price exceeds the amount of their maximum bid. Maximum bids are strictly confidential and are not known by other buyers or the seller.
• Review your bids BEFORE you click on the BID button.
• You will be notified that your bid has been placed.
• You will be notified if you are outbid.

The successful Buyer will be notified via email, shortly after the bidding closes, unless the item is sold subject to seller confirmation.

Buyers are required to complete payment through Professional Auction Services, Inc. within three (3) days of the close of bidding on each item they purchase or once the sale is confirmed for an item subject to seller confirmation.

PAYMENT - Online Auction:

Acceptable forms of payment:

Winning bidders will receive an emailed invoice shortly after the close of the auction. Pay from that invoice. If you do not receive an invoice, please contact by telephone at 800-240-7900 or by email

***BALANCE OF FULL payment is due within 3 days after the auction. ***
Acceptable forms of payment for the Online Auction: Credit cards and/or bank wire transfer and cashier's or official bank checks made payable to Professional Auction Services, Inc. All Credit Card Sales are Final

INTERNATIONAL BUYERS ONLY, including Canada and Mexico:
BY Advance deposit with PAS of the FULL AMOUNT of intended purchase price by wire transfer, or cash equivalent in U.S. Dollars. Any unused funds will be returned in the same form as received or by PAS company check within ten business days from auction.

Pick up your purchases.
It is the responsibility of the buyer to arrange for shipping of all items purchases. See the item description for information pertaining to each item. Pick shall be be by appointment in all locations.

Any purchases not removed within ten (10) days of the acceptance of the offer by Seller, or for which other arrangements have not been made, shall be deemed to have been abandoned by the Buyer to the Seller who will assume all right, title, and interest in the asset.

Do your homework!
It's up to you to decide which item to bid on and how much you want to bid. You are bidding and buying based on your own judgement.
• Be certain that you are bidding on the right item
• DOUBLE CHECK YOUR BID before you click the Bid Button.
• Know the Terms and Conditions. You will be bound by them whether you read them or not.

This is an overview of the Online Auction procedure. Be sure to read the Terms of Sale. Please ask for assistance if you need help with any aspect of the Online Auction.