Is it possible to win a lot for less than my absentee amount I bid?
This happens routinely since we bid for you as if you are actually here. We do our best to get you the lot at the best price possible. For example: Say a lot has a low estimate of $1,000. If you had an absentee bid in of $900, the bidding might start at $500. Let’s say someone on the floor bids up to $700 and stops, if there are no other absentee bids or phone bids for this lot you would win the lot at $750 -just one bid past $700.