What Is A Timed Auction?

A timed online-only auction is automated and takes place solely online through our website www.adams.ie. The bidding for each lot is opened at a predetermined level set by the auctioneer, for a set period of time.

During this period of open bidding you will be able to see the current highest bid on each lot. You may place a higher bid at the defined bidding increment you choose. Bidders are automatically informed by email if they are the winning bidder, or if they have been outbid by another competing bidder. At the end of the defined bidding period, if the highest bid offered meets the minimum price designated by the Auctioneer. (i.e the seller’s reserve price), the lot is sold.

Bidding on all lots in a timed online auction will close at a specified time. If a bid is placed on a lot within a specific time before closing, the bidding may automatically be extended for a set period of time to facilitate the last minute bidding. The length of extended bidding is set by the Auctioneer prior to the opening of the auction.

We recommend for the best chance to win your lot, you should be signed into your 'My Adam's' account watching the lot close having the opportunity to bid right up to close.

Steps To Participate:

• Log in or register for a My Adams account (A valid credit/debit card is required)
• Visit www.adams.ie, click on Sign in and then register.
• Visit the timed online auction catalogue within the Forthcoming Auctions tab.
• Find the lot number you are interested in.
• Place your maximum bid, the current lead bid will be displayed along with the number of bidders already bidding on the lot.
• The minimum bid required will also be outlined.

How Your Maximum Bid Works:

By placing your maximum bid, the system will automatically adjust your bid to reflect the next winning bid increment which could be lower than your maximum bid. Your bid will automatically increase should someone else bid, only up to your maximum bid.

Example: Bidder A leaves a maximum bid of €100, bidder B leaves a maximum bid of €200 on the same lot. Bidder A is now knocked out of the lead and Bidder B holds the current winning bid that auto adjusts to €110 (NB not their maximum bid). The system auto adjusts the bid to the next winning increment. Bidder B’s bid will only be further executed if another user bids above their current bid of €110 up to their maximum bid of €200, after which they will be knocked out and an email will be issued advising them to increase their bid.

• If you are outbid you will be notified immediately by email. Outbid e-mails
• To increase your bid, simply log back in and up your bid.
• When the timed auction finishes, winning bidders will be notified by email.  The timed lots will close at the specified date and time and will close in chronological order with 30 seconds between each lot before it closes.  Although the timed auction starts to close at a specific time, it will take 30 seconds per lot to close from the first lot onwards.  You can bid right up until the final lot closes.  If there are last minute bidders on a particular lot the bidding time will auto extend to facilitate same until the bidding activity stops and the lot then closes.  
• Buyers Premium of 25% incl. of VAT will be added to your winning bid amount.
• An invoice will issue and you can securely pay online through our website or in person or by bank transfer.
• Your invoice will detail all the payment and collection particulars.

‍