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Help Desk - F.A.Q.
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Auctions
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Click on the topic you would like help with:
Auctions
How do I bid on auctioned machinery?
Can I cancel a bid?
How do I make payment?
When must I make payment?
When can I pick up my machine?
How do I pick up my machine?
How soon after an auction is finished must machinery be picked up?
How do I sell my machinery in an online auction?
What is a reserve?
How do I find out what the reserve is on an item?
How will I know if an auction has a reserve?
What time is the auction clock set to?
Can I bid lower than the displayed minimum bid?
Why are the minimum increments so far apart?
How do I cancel my bid?
What is the starting price?
What is the minimum increment?
What is the current price?
What is the minimum bid?
What is the "Auction Ends: date and time"?
What is the "Place Your Bid" field?
How do I participate without internet access?
Will UWMO AUCTIONS divulge my private information including email address to anyone?
What screen resolution is recommended for the UWMO AUCTIONS's site?
Other FAQs
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How do I bid on auctioned machinery?
To place a bid go to the machine you would like to bid on and click on the "view specifications" Field. You will see a box to the left of the "Place Your Bid" text, simply type your bid in this box and click on the "Place Your Bid" text. For detailed step-by-step instructions view our Auctions "How To" page.
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Can I cancel a bid?
No! Once your bid is submitted, it is NOT retractable. Your bid is a contract. Only place a bid if you are serious about buying the item. You will enter into a legally binding contract with UWMO AUCTIONS. UWMO AUCTIONS reserves the right, and you acknowledge and agree to the exercise of this right, to notify third parties, including law enforcement authorities, credit bureaus, other auction companies and industry regulators and authorities, about bidder's involved with or connected to fraudulent bidding or the failure to fully pay invoices in accordance with our terms and conditions.
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How do I make payment?
All successful online bidders agree to make full payment to UWMO-AUCTIONS.COM within 48 hours of the online closing date & time. Only bank checks or cashier's checks made payable to UWMO AUCTIONS will be accepted.
Wire transfers - call for account numbers, back checks or cashier's checks.
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When must I make payment?
All successful online bidders agree to make full payment to UWMO AUCTIONS within 48 hours of the online closing date & time.
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When can I pick up my machine?
The normal pick up time is two (2) to five (5) business days. Pick up instructions will be e-mailed to you with your successful bidders notification.
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How do I pick up my machine?
Pick up instructions will be e-mailed to you with your successful bidders notification.
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How soon after an auction is finished must machinery be picked up?
Normally pick up must be arranged within two-five business days however, pick up instructions will be e-mailed to you with your successful bidders notification.
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How do I sell my machinery in an online auction?
All machinery listed for auction must be solely and exclusively registered with UWMO-AUCTIONS.COM and all individuals and companies alike must enter into an agreement with UWMO-AUCTIONS.COM. Contact us to receive our auctions and liquidations package.
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What is a reserve?
The reserve is the lowest price a lot can be sold for. This amount is usually higher than the starting price and is determined before a lot is put up for auction. This reserve amount is kept private by the seller. To become a successful bidder at an auction with a reserve, your bid must be greater than or equal to the reserve.
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How do I find out what the reserve is on an item?
By placing bids until the reserve is met. If you are the highest bidder and your bid meets or exceeds the reserve amount when the sale closes, you are the contracted buyer.
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How will I know if an auction has a reserve?
Every lot available for online bidding has an "Auction Currency" field.
If there is no reserve on a particular lot or the reserve price has been met, the text "Reserve Met" will appear. Please remember, even though there isn't a reserve placed by the seller, you will still only be able to bid the minimum increment displayed (or higher). If there is no reserve, the lot will be sold at the "Current Price", to the successful bidder on the closing of the auction.
If the seller has placed a reserve, the "Auction Currency" field will display "Reserve Met" or "Reserve Not Yet Met".
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What time is the auction clock set to?
The auction closing time is (Eastern Standard Time, EST).
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Can I bid lower than the displayed minimum bid?
No, these minimum increments are set in place to ensure the bids placed are serious bids and to prevent wasting bidders valuable time.
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Why are the Minimum Increments so far apart?
The minimum increments are determined by our bidding software to best simulate a live onsite auction. minimum increments differ depending on the value of a machine and the reserve set.
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How do I cancel my bid?
Once your bid is submitted you can not cancel or retract your bid; your bid is a contract, place a bid only if you're serious about buying the item. If you are the high bidder when the auction closes, you will enter into a legally binding contract with UWMO AUCTIONS. UWMO AUCTIONS reserves the right, and you acknowledge and agree to its exercise of this right, to notify third parties, including law enforcement authorities, credit bureaus, other auction companies and industry regulators and authorities, about bidder's involved with or connected to fraudulent bidding or the failure to fully pay invoices in accordance with our terms and conditions.
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What is the starting price?
The starting price is the price at which the biding has started from.
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What is the minimum increment?
The minimum increment is the minimum amount one can add to the current price to place the next bid.
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What is the current price?
The current price is the last highest bid price.
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What is the minimum bid?
The minimum bid is the current price plus the minimum increment added together to give you the next lowest bid price.
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What is the "Auction Ends: date and time"?
The auction ends date and time is the date and time the auction will close and no other bid may be placed.
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What is the "Place Your Bid" field?
This field is where you type in your bid amount.
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How do I participate without internet access?
You may participate without internet access by placing your bid by fax.
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Will UWMO AUCTIONS divulge my private information including email address to anyone?
No all information is used by UWMO AUCTIONS and is not for sale to any other company or individual. For more information please consult our privacy policy.
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What screen resolution is recommended for the UWMO AUCTIONS's site?
Any resolution between 640 by 480 to 1024 by 768 is recommended.
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