Is there a minimum bid required to participate in auctions?
Asked 5 months ago
Sotheby's typically establishes a minimum bid or starting price for each auction item, which can vary depending on the specific lot and the overall value of the item. The minimum bid is set to ensure that the auction engages serious buyers while also reflecting the value of the artwork, antiques, or real estate being offered. It is important for potential bidders to review the auction details specific to the items they are interested in, as each auction may have different requirements. The auction catalog, available on Sotheby’s website, usually includes crucial information regarding starting prices, bidding increments, and any other relevant details for participants. Therefore, for anyone considering participating in an auction, examining the current auction page can provide clarity regarding minimum bid requirements and additional guidelines.
Need further help?
Type out your followup or related question and we will get you an answer right away.
Similar Questions
What verification is needed to participate in auctions?Can I bid online for an auction?How do I learn about upcoming auctions?What types of properties do you specialize in?How do you market properties to potential buyers?What are the fees associated with selling a property?What should I expect during a property showing?How can I get a property valuation?Can you help me with buying a home?What is the process for listing my property?What are the legal requirements for buying or selling property?Can you provide information about local market trends?Do you provide relocation services?Do you assist with financing options for buyers?Do you offer property management services?Do you have any exclusive listings?What are the most common questions buyers ask?Can I receive updates on new properties that match my criteria?What is the process for creating an account?
Need to contact Sotheby's?
If you need to talk to Sotheby's customer service, now that you have the answers
that you needed, click the button below.
Contact Sotheby'sSotheby's
Find a list of many popular Sotheby's questions with answers or step by step guides on our FAQ page below. Or ask a whole new question and get an answer right away.
Sotheby's Customer Service FAQAsk a QuestionWas this page helpful?YesNeeds work
Sharing is what powers GetHuman's free customer service contact information and tools. You can help!