House of Bid
Auction rules
Timed catalogs, bid now, raise, max bid, and as-found lots. This is a review draft, not a signed packet.
This pack is a starting template assembled from public auction-marketplace practices and California CDTFA resale guidance. It is not legal advice, is not a substitute for counsel, and must be reviewed by an attorney for the auction house’s state, tax registration, and sale format before buyers are asked to acknowledge it via NativeSign.
Policy pack auction-house-bidder-policies-v1. Buyer’s premium and tax stay in the questionnaire until counsel sets them.
How a lot closes
- Each lot shows its clock. A bid in the final two minutes extends that lot another two minutes. That is a true market close — not a sniping cutoff.
Bid now, raise, and max
- Bid now places the opening amount when no bid stands. Raise bid places the next increment. A max bid is a proxy ceiling; other bidders never see it. If you are already winning, raising against yourself is rejected.
As found
- Lots sell as described and photographed unless a specific sale says otherwise. Preview in person when the catalog offers a window. Do not assume a return after hammer.
Staff holds
- The house may place a local bidding hold for unpaid lots at this house. Cross-house risk matches, if enabled, go to house-admin review — they do not silently auto-ban a bidder across other houses without that review.
Fees stay on the questionnaire
- Buyer’s premium, listed fees, and tax appear on the lot and invoice when staff set them. This page does not invent those percentages.
Also read Terms of sale and Privacy.