(337) 494-1333
2435 E. Broad Street
Lake Charles, LA 70601

Pedersen & Pedersen Auctions, Inc.

How Timed Auctions Work

 

 

Registration

Registering to bid on Pedersen & Pedersen Auctions Online is free and allows the bidder to actively bid on any piece listed on pedersenandpedersen.com.

To register to bid, simply click on the register to bid link on the home page and go through the two-step registration process. Any information submitted through the registration process is 100% confidential.

Once you have submitted your registration you will receive notification from Pedersen & Pedersen Auctions once you are approved. We may call you with questions regarding your registration. All bidders will receive a confirmation an email.

Proxy Bidding

This feature allows you to place a bid in advance beginning one week before the ending of the auction. Once the 24-hour live auction officially begins, all proxy bids will be processed and email notification will be sent out regarding the status of your bid.

In order to place a proxy bid, click on the lot you're interested in bidding on and type in your maximum bid in the Bid Now box. Once you've submitted your bid, you will go through a confirmation page where you will verify the amount you've entered. An email notification will be sent to you confirming that we have received
your Proxy Bid.

Live Bidding

Live bidding is the 24-hour period of time when bidders can monitor the auctions and place live bids on pieces scheduled to end that week.

Bidders have the opportunity to place their max bid, the highest amount you are willing to bid on that piece. The seller and other bidders will never know the amount of this bid. Pedersen & Pedersen Auctions will place bids, on your behalf, using the smallest bidding increment necessary to ensure that you remain the high bidder until your max bid is met. If another bidder has placed the same bid before you, or a higher max bid, we'll let you know that you've been outbid and you will have the opportunity to place another bid.

When the piece has only one hour left, it will display that any bid that is placed in the last two minutes of the auction will extend the auction by up to two minutes. For example, if a bid is placed at 10:58 a.m. and the auction is scheduled to end at 11 a.m., the auction will be extended until 11:02 a.m. This will continue to extend the end time as long as bids are being placed on that piece.

After the auction has concluded, an email notification will be sent out to the winning bidder with our contact information. We will receive a similar email with the high bidder's contact information. We encourage bidders on the site to contact us before they place a bid and gather all unknown information before bidding and to work out the details of the financial transaction and the transportation of the piece.

Navigate The Site

Details Page - Each individual piece has its own details page. This page includes the auction information on the piece (lot number, opening bid, auction end date/time), our contact information, specifications of the piece, inspection information on the piece and any available pictures of the piece. This page is found when an individual piece is clicked on from the many listings found on each tab.

Sorting - You are able to sort the items on the site in several different ways. Year, Manufacturer, Model, S/N, Price, and Location are all options for sorting. Once one of these headings is clicked, the viewable pieces will sort according to that category.

Buyer Expectation

Bidding - A proxy bid can be removed at any time prior to the time live bidding opens (24 hours prior to the end of the auction). Prior to bidding, the buyer has access to contact us with any questions they have about the machine, shipping, sales tax, and payment details to avoid any issues once the auction has ended.

Winning Bidder - The winning bidder is expected to contact the seller immediately following the sale to set up payment and a time to pick up the item.