Welcome To Peterson Auction

Online Auction Information Page

Peterson Auction & HiBid

Mike Peterson Auction & Realty Service has joined with Auction Flex / HiBid to use their web based platform, to host our online auctions. The information below in 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 a predetermined time, lots close in order 1 minute apart until all have closed.

  • Soft Close - If a bid is placed on a lot within 3 minutes of its closing, biding on that lot 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 the 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 have your items shipped, please make arrangements with Peterson Auction prior to the auction close to unsure the lots can be shipped. 

 

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 (Dakota) 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.

  • Webcast purchases are to be paid with a Credit Card at the end of the Webcast. (3.5% Processing Fee applies)

  • 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.

Peterson Auction & Realty LLC

716-665-0668

peteauction@hotmail.com

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164 Ivory St

Frewsburg, NY 14738

 

Established 1988