Welcome To Peterson Auction

Online Auction Information Page

Peterson Auction & HiBid

Mike Peterson Auction & Realty Service has joined with Auction Flex / HiBid and we use their web based platform to host our online auctions. The slides below are for reference purposes please review and if you have additional questions please feel free to contact us.

 

Online Only Auctions

NOTE:  It is best to register for the auction you are interested in 24 hours prior to the bidding close. Auctions begin closing at a specified time and will not be held up waiting for people to register.  

 

  • Auction Close - Lots starts to close at predetermined time, lots close in order 1 minute apart until all have closed 

  • Soft Close - If bid is placed on lot within 3 minutes of its closing biding on that lot only will be extended by 3 minutes all  other lots in auction will continue to close in order.

  • Max Bid - A max bid can be placed and computer will bid for you at predetermined increments until you win or lose the first max bid entered will be the winning bid in the event 2 max bids of the same amount are entered by different bidders

  • No winning emails or invoices will be sent until all lots have closed in the auction

  • If you wish to pay Cash or Certified Funds for your purchases Peterson Auctions must be notified prior to auction start

 

Web Cast Auctions

NOTE:  It is best to register for the auction you are interested in 24 hours prior to the bidding close. Live auctions and Webcasts begin at a specified time and will not be held up waiting for people to register.  

  • Auction Bidding - Webcast lots will be offered in order starting with lowest numbered lot in Webcast

  • Be aware things happen fast on a Live Webcast and most lots are sold every 45 seconds so be prepared to bid. 

  • In the event you are not sure if you are winning or not be sure to ask Webcast Director (Adam) in the chat window.

  •  Max Bid - A max bid can be placed and computer will bid for you against the floor bidders until you win or lose. The first max bid entered into computer will be the winning bid in the event 2 max bids of the same amount are entered by different internet bidders. Remember floor bids of the same amount take precedence over any and all internet bids.

  • No winning emails or invoices will be sent until live auction is completed.

  • If you wish to pay Cash or Certified Funds for your purchases please notify Webcast director (Adam) by typing in chat that you wish to pay cash or certified fund prior to close of Webcast part of auction.

  • We are not responsible for failure of internet bidder to buy a lot due to internet loss, internet bid not being entered with live auctioneer in time or any other misrepresentation in the Webcast process.

Mike Peterson Auction & Realty Service

716-665-0668

peteauction@hotmail.com

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164 Ivory St

Frewsburg, NY 14738

 

Established 1988