( This page is designed for the person who has never been at an auction
before. It will help you to know what to expect and how to buy at an auction.
This is just a brief overview and if you have any questions, you should
contact Blaine Rentzel or Dave Conley at
conleyauction@yahoo.com
or 717-764-6412.)
Terms of the Auction:
Everything is sold as/is. You had that right to inspect the item before
it went up for sale and that is the condition in which you are buying
the item. Payment shall be in cash, or check. Once an item is struck down to you at an auction it becomes your responsibility
to secure it. It is now your property.
All other announcements on the day of auction take precedence of this printed
terms and conditions.
How Do I Bid and Buy At an
Auction?If you see an advertised item at one of our auctions that is of interest
to you and you never attended an auction before, here are some guidelines of how
the auction works.
Onsite:
- When you arrive at the auction, the first thing you want to do is
look for our red & white Rentzel's cashier's truck. After you find the
truck, you will need to have your driver's license and phone number ready
when the cashier asks you for them. When they ask for this information,
you are registering for a bidder number. You get a small card with your
own individual bid number on it. This is how we keep track of what
you are buying at the auction and you will use this number when you make
a bid.. This bid number is good for that day's auction only.
- Next you want to inspect the items that you are interested in bidding
on.
After you look over those items, you are now ready to wait for them to be
put up for auction. The onsite auction usually has an order of sale and
one of the auction helpers will be able to help you with that question.
We do not have a time for every item that is going to be sold because there
are probably hundreds of items at the auction.
- When an item comes up for auction,, the auctioneer will start the bidding.
The auctioneer will usually start asking for a higher price and then come
down and down to a lower price. At any point where you feel you are willing
to give that amount for that item, you can hold up your hand and wave it,
wave your card, or nod your head Somehow get the auctioneer's attention
that you want to bid on that item. The bidding will start and the
auctioneer will say I have a bid of $20.00. Who will give $30.00?
Someone might wave their hand and the auctioneer will then say I have $30.00.
Who will give $40.00? If you are willing to pay that amount, hold up your
hand and the auctioneer will say I have $40.00. Who will give $50.00
and so on. It comes to a point where the bidding will stop going up.
If it is your bid at this time, the auctioneer will say sold $40.00,
point to you and at this point you want to hold up your bid card with your
buyer's number on it and the auctioneer will say sold $40.00 bidder#_____.
- If this is the only item you want, now it is time to pay your bill.
Go back to the red and white truck and the cashier will ask for your bidder
number and what was the last item you bought. She will tell you your
total bill. You will pay your bill and will get a receipt with a list of
all the items you bought and how much you paid for each item.
- Now you can take your item home and enjoy your purchase.
At Offsite Multi Consignor Auctions:
The bidding procedure at this auction is similar to the onsite
auction with a few exceptions.
We usually hold our offsite auctions at York Expo Center in the John
& Paige Smith Center on Thursdays starting at 12:00 noon. We will
usually start selling with miscellaneous box lot items. At some point in
the day usually 12:30 - 1:00 PM we will start with a second auctioneer
with small items on tables, selling items off of the numbered tables.
The tables are #1 to #20 or however many tables we have that day. We
sell the tables in that numbered order. We may also have items in a show
case to sell, cars, equipment, or special collection, which we would
advertise a specific time for selling those items. At 5:00 PM we will
have a 2nd auctioneer selling furniture in the rear of the building.
All times listed above are approximate. Check our weekly ad to see what
times we are selling certain items. Special Offsite Multi
Consignor Terms:
At multi consignor auctions we have to charge PA sales tax which is 6%.
unless you register with us your PA sales tax number.
Bidding on Real Estate
Bidding on real estate is much like bidding on personal property at
auction, with the exception that it is a larger amount of money. In most
cases, a real estate auction is sold with reserve. This means that
the seller reserves the right to accept or reject the high bid. The auctioneer
will once again start high, come down low, and go back up, etc., but when
the bidding stops going up instead of saying sold, he will say I will hold
that high bid and confirm with the seller whether or not we are going to
sell this property today. If the seller is willing to sell for that price
the auctioneer will come out and say we are now at absolute auction
and whoever is the high bidder when I say sold will be the new owner of
this real estate. Or if the seller says he is not willing to sell
for that price, the auctioneer will come out and say that the seller is
not willing to take the reserve off and the property will not be sold today.
If an auction is advertised Absolute Public Auction, that means
the real estate will be sold regardless of price and the auctioneer will
not take a break to check with the seller to see if the property is going
to be sold. When the bidding stops the property will be sold to the highest
bidder.
A generic Terms and Conditions Form that would be filled
out for the property that you would be bidding on at auction can be viewed
by clicking here:
Download Conditions
of Sale |