Webcast Auctions
Registering for Webcast & On-Location Auction:
If Attending in Person:
Register upon arrival at the Registration Table in the designated Auction Office, to obtain a Bidder Number, and eventually check out.
You are NOT required to register online ahead of time if you are attending in person.
Please bring with you:
- Your drivers License or Identification
- Business card for ease of Registering
- 25% of what you expect to purchase as a deposit if you are only making small purchases then you can leave a small deposit of at least $100 to ensure you will follow through with your purchases at the end of the day or you can leave a bank letter/bank check with the Auction Accounting Manager.
- If you are sales tax exempt, please bring with you your State Exemption Certificate or fill out your appropriate State Exemption Certificate We do not remove sales tax until we are presented with this documentation. You can always fax it to 203-488-4577.
Please bring with you the appropriate form of payment depending on how you will be paying:
- If paying with a Company Check. Please Bring a company check accompanied with a letter from the bank guaranteeing your funds. Please see the sample Bank Letter of Guarantee
- If paying with a Cashier’s Check or Bank Check. Please bring a bank check for deposit of at least 25% of what you expect to purchase or Cash. If the check is greater than your actual purchases, we will refund you those funds no later than 2 weeks.
- If paying via Credit Card, The Buyers Premium will be 18% and will not be discounted to 15% for purchases paid via credit card
- Cash if paying via Cash.
Please understand that we require Cash, Company Check (with bank letter of guarantee), Bank Check/Cashiers Check, or Wire Transfer because we are auctioneers selling equipment on our Client’s behalf and in order to allow these items to be removed, we must be certain the funds are valid.
If Attending Via Webcast:
Registering for a webcast auction requires that you first create a Website account (if you have not already done so) by going to our homepage’s top right hand corner and clicking Register. This includes entering your contact information ONLY ONE TIME. Once you have chosen a username and password and have a valid account, you can register for the Sales Event - which means agreeing to the terms & conditions of that sale. Do this by selecting the upcoming auction you wish to participate in & clicking 'Register Now'. You will receive a bidder number and the webcast auction bidding instructions.
Please note: these are typical instructions and may differ depending upon the auction: Please see the specific sale auction details for changes.
Bidding Details & Instructions.
Once you have registered, you are assigned a bidder number, and can access detailed bidding instructions. However, you may be asked to leave a deposit in order to place a bid and increase your credit limit for bidding. These bidding instructions are emailed to you so please keep the email. The instructions include your user name/ your bidder number, and a link to the webcast slideshow software.
Webcast Slideshow Software.
Webcast bidders may use their computers to join a Web-based conference where the auctioneers live feed, photographs and descriptions of the items being sold are displayed as a slideshow in real time along with current bids. This service is controlled by a Webcast operator during the sale and allows bidders to view the current bid, the asking price and click to place a bid.
Further webcast instructions or assistance: Bidpath Webcast Instructions
Or
Further Bidspotter webcast instructions or assistance: Bidspotter Webcast Instructions
Webcast Payments.
After the sale, webcast buyers are emailed their invoices and can pay through wire transfer or by overnighting a bank-guaranteed check or money order to our main office. Taxes and buyer's premiums (a service fee paid to The Branford Group) are adjusted based on the location of the sale, buyer's tax class and payment methodology. Buyers must email or fax a copy of their tax exemption certificates to the office. Once invoices are paid in full, buyers can remove their equipment themselves or can contract with a packing, rigging, or shipping company. PAYMENT TERMS, DEADLINES, PLUS TAX AND BUYER'S PREMIUM AMOUNTS WILL BE INCLUDED ON YOUR INVOICE OR IN THE EMAIL WHICH ACCOMPANIES YOUR INVOICE.
Accidentally Deleted or Did Not Receive Email.
To see your bidding details and instructions for online sales, visit the My Auctions page which is accessible at the top of any page once you are logged in. You can print or re-email instructions from this page. If you need another registration email or did not receive it for either online or webcast auctions (please note auctions thru Bidspotter do not show up in My Auctions), please contact The Branford Group at 203-488-7020. Please tell us the email address used when registering.
Further webcast instructions or assistance: Bidpath Webcast Instructions
Or
Further Bidspotter webcast instructions or assistance: Bidspotter Webcast Instructions
Review our Terms & Conditions: Terms & Conditions
Online Auctions
Online auctions are conducted at www.TheBranfordGroup.com. Bidders must register to create a bidder number and password with which they place bids. Unlike Webcast or On-Location sales, there is no in-person bidding - all bids are placed using the computer.
If you cannot place a bid yourself, please contact us to arrange for absentee (proxy) bidding.
Registering for Online Auction:
Registering for an on-line auction requires that you first create a Website account (if you have not already done so) by going to our homepage’s top right hand corner and clicking Register. This includes entering your contact information ONLY ONE TIME. Once you have chosen a username and password and have a valid account, you can register for the Sales Event - which means agreeing to the terms & conditions of that sale. Do this by selecting the upcoming auction you wish to participate in & clicking Register Now. You will receive a bidder number and the online auction bidding instructions.
Online Bidding.
Branford online auctions are "live" (open and able to receive bids) for a specified time period which is no less than 24 hours. During the sale, once you have created an account, registered, received a bidder number then you can enter a bid in the box provided next to each item on the lot catalog page. After entering your bid in the box provided, press the 'Submit Bid' button below. You must then CONFIRM your bids (you need to press submit twice).
Automatic Bidding (Max Bid).
If you wish to place an Automatic or Max Bid on an item where the system will automatically bid for you, here are the simple steps: If the item you are currently bidding on has a next incremental Bid of $100, by placing a MAX Bid of slightly higher than that amount for example $1,000. The system will accept your Bid of only $100 and will only increase your bid if another bidder bids higher than your current bid, up to the $1,000 threshold or Max Bid. The Auto-Bid or Max Bid feature is an excellent way for you as a bidder to not have to continuously monitor the sale.
Reserve Prices.
Some items may have a reserve - or price at which the Seller is obligated to sell the item. Reserve prices act to protect the seller's financial interest in an item. While the actual Reserve Price is not made public, items with Reserves will be clearly marked if they are met or unmet. If the highest bid is below the Reserve Price, the Seller may, at his discretion, sell the asset at that price, but is not obligated to do so. The Branford Group will contact you after the sale if the seller wants to accept your offer.
Closing Times & Automatic Time Extension.
Items close a different times throughout the day the auction is scheduled to close, please be sure the check the time the specific auction starts to close. Lots have a staggered ending time, typically one lot every minute but for larger auctions it could two, three or four lots every minute. On the day the auction is set to close the end time for each lot will be shown. In addition there is an Automatic Time Extension. A lot must not recieve any bids within the last five minutes of its closing time for it to close. If a bid is placed in the last five minutes of a lot closing, it will automatically extend an additional five minutes when the closing time is reached. Again, a lot must not recieve any bids within the last five minutes for it to close.
Viewing Your Bids.
To see only the items on which you placed bids, scroll to the bottom of the catalog page, enter your bidder number and password and click "Review Bids." To see if you are the high bidder for these items, either look in the "High Bidder" column for your bidder number or look in the "Next Bid Required" column. Items where you are NOT the high bidder are marked with a small red arrow to the left of the price.
Invoices.
Successful bidders should expect an invoice within 1 business day of the end of the auction. This invoice will be sent to the email address used when registering. See the sale's details page for actual payment terms and conditions.
Online Auction Registration.
Before bidding, please register for our online auctions to get a bidder number and password (to be sent via email). You only need to register once for our online auction service. The link to the registration form is located on the top of the lot catalog.
NOTE: At this time, our online auction system requires you complete a separate registration form. This registration is separate from the Website registration process. We are working to combine these systems into one process. Thank you for your patience.
Website Account Registration and Login Issues:
To Tell if You are Logged In.
When you are logged into our website, the upper right of most pages should say "Logout" and your name. If it says "Login" and "Register" you are not currently logged in.
Forgot Password.
On the upper right of most pages click "Login". Then enter your username in the marked box, and press the Password reminder button. An email will be sent to the address used for that account.
Forgot Username.
Please contact The Branford Group at 203-488-7020. Please tell us the email address or username used with the account.
Change Password or Contact Information.
On the upper, right of most pages click your name (once you are logged in). This will take you the Account Details page.
Auction Terms and Definitions:
Buyer’s Premium.
A service charge added to the winning bid price on all assets.
Grouped Lots.
The auctioneer, at his discretion, may at times group several lots together and offer them for one price. To request the auctioneer do this, or to object when this happens please use your telephone keypad to 'place a bid'. This should get the attention of the auctioneer so they will open your line to allow you to speak to the auction room.
Absentee (Proxy) Bids.
If you cannot attend one of our auctions, please
click here to download our absentee (Proxy) bid form.
Please fax this form to 203-488-4577.
Payment Terms and Conditions:
Payment in full is due within 24 hours after the final sale day. Acceptable forms of payment are cash, wire transfer, certified checks, and company checks with a bank letter of guarantee and visa, mastercard, american express. We do not accept personal checks.
All payments must be made in US funds.
Purchasers without United States bank accounts are required to pay in U.S. funds via wire transfer directly from their bank. Some equipment may require modifications to meet import and safety regulations. Please contact your customs broker for further information regarding your customs requirements.
Wire Transfers
For a printable-form you can send or bring to your bank, please click here.
When sending payment by wire transfer, please include your buyer name, buyer number and auction name.
Please call 1-203-488-7020 for our current bank details and wire instructions.
Company Checks with Bank Letter of Guarantee
When presenting a company check for payment it must be accompanied by an acceptable bank letter of guarantee see sample below.
Example:
February 15, 2011
BankCo
1 High Street
Anytown, IL 555555
BankCo will guarantee payment to The Branford Group, LLC for check number _____ being presented by Bidder's Company drawn on Account #__________ up to the amount of __________. This guarantee will be valid for purchases made at the following sale __________________ and will be valid until March 9, 2011.
Regards,
John C. Greenback
BankCo Accounts
Removal Procedures and Checkout
All items must be removed no later than the final removal date specified for each auction. Items can be removed during normal business hours Monday thru Friday, 8am to 4pm only. NO REMOVAL ON WEEKENDS.
All riggers, purchasers, or purchaser’s agent who will be bringing in any equipment or machinery to be used in the process of removing any assets from the facility, will be required to have a minimum of two million dollars of general liability insurance and provide The Branford Group with a certificate of insurance.
No assets will be released during the sale and then only when the purchaser, rigger, or purchaser’s agent presents The Branford Group agent with a copy of the purchaser’s PAID IN FULL invoice. ABSOLUTELY NO EXCEPTIONS.
Once you have made your payment in full, you will be emailed a copy of your zero balance receipt. You or your agent must present this to The Branford Group representative on-site who will then start the check out process and allow you to remove your items. If you or your agent cannot remove all items on the same day, you or they will be required to show the original check out copy of your invoice to retrieve your remaining items. NO EXCEPTIONS.