Our new Live Internet Auction format will allow buyers to use Schmitt Horan Online, our own proprietary online bidding software, and Invaluable.com to place bids online during the four week auction period as well as to bid "live" online in real time on the final day. At the publicly announced end date and time (July 25, 2020 at 1pm), items shall start selling in order by lot number. As each lot is brought across the auction block on closing day, competition will be between live internet bidders and absentee bidders who have previously submitted bids. Bidders may place real time "live" online bids which shall be executed immediately until the auctioneer gives fair warning and sells the item. All bids must be placed on either https://bids.schmitthoran.com or www.invaluable.com. No phone bids or live on-site bidding is presently allowed.
Online bids submitted before the "live" close of each lot shall be treated as typical online absentee bids, which the system will execute immediately and bid competitively against other absentee bids - thus, allowing the current demand on a specific item to be known. Your maximum bid will not be exercised unless it is required because of competing bids.
Thank you for bidding with Schmitt Horan & Co.