How do I bid in person?
It is easy! Bring a current photo ID and any tax exemption paperwork you have if you are a dealer. It takes about 10 minutes to register the day of auction. Please see the buying tab at the top of this page for more details.
Can I Bid Online?
Yes, you can! We offer online bidding so that you can bid from the comfort of home or on the go! You can bid directly with Jeff Martin Auctioneers powered by BUYJMA. There are some special requirements such as a deposit, account validation, or identity validation we may require but one of our helpful online representatives will be happy to help you navigate the process. You can start by clicking the registration link below and we will take it from there!
BUYJMA Online Bidding Page - All Auctions
Are you open to the public?
Yes, all our auctions are open to the public except for our firearms auctions. There is never a fee to attend or register to bid for our auctions, but a refundable deposit may be required.
How do I pay?
We offer multiple ways to pay your invoices. The easiest and quickest is to pay by credit card on our website. Once you have received your invoice, go to Jeff Martin Auctioneers, Inc Payment Portal and you will see several options to pay invoice or deposit to bid. You can wire your payment following the wiring instructions that are in the email with your invoice or find them at the link below.
Click here for Jeff Martin Auctioneers Wiring Instructions.
You may also bring cash, certified funds, check with bank letter of guarantee.
Click here for Jeff Martin Auctioneers Sample Bank Letter of Gurantee.
What is a Buyer’s Premium? Who pays it?
A buyer’s premium is charged to each lot sold in an auction. This fee is collected to help us cover the cost of doing the auction. The standard fee is 10% on the first $3500.00 and 3% on the balance of the item but this can change from auction to auction. Please verify the buyer premium being charged at each auction. You, as the buyer, pays this fee on each lot.
Example of buyer’s premium of 10% on the first $3500.00 and 3% on the balance of the item.
1) You bid $100.00 on an item and you are the high bidder. You will pay $110.00 plus taxes and fees for that item.
2) You bid $5000.00 on an item and you are the high bidder. You will pay $5395.00 plus taxes and fees for that item.
Do I get a title if I buy something that requires a title? What is a title fee?
Yes, we are licensed dealers in several states and process all titles according to the laws of the state. We are required to collect the sales tax and submit the title paperwork to the state. We cannot give you an open title. If you are an automotive dealer, then the titles will be processed dealer to dealer.
A title fee is charged to any auction item sold in the auction that is titled. The fee is normally $40 and is paid by both dealers and public buyers. This fee is collected to cover the expense of processing a title.
What is a trauma fee?
The State of Mississippi requires that a fee of $50 is collected when an ATV, Go-Kart, Motorcycle, or ALTERED Golf Cart is sold in the State of Mississippi. This fee is paid to the State of Mississippi and Jeff Martin Auctioneers, Inc. does not make any money or profit on this fee. This fee is only charged for these items when sold in the State of Mississippi.
Click here for more information about State of MS Trauma Fee.
Do I pay sales tax?
All buyers pay sales tax unless you have a valid resale certificate, and the item is being purchased for resale or being exported out of the United States.
The tax rate is based on the location of the auction. All Federal, State, and Local taxes will be collected per the requirements of the location.
What is the wire fee on my invoice?
We automatically add a wire fee to all internet buyers’ invoices because most of our buyers do pay by wire transfer. However, if you are paying by another method, you can deduct the $20 fee from your balance and pay the remainder. We will adjust our invoices accordingly once you have paid. If you would like to pay by wire, please use the instructions below.
Jeff Martin Auctioneers Wire Instructions
How will I know if I won the item?
If you are bidding in a Live and Online auction, then you will be hearing the auctioneer as the auction is going on, just the same as if you are here in person. The auctioneer will announce the winning bidder’s number and the amount that the item sold for.
If you are bidding in an Online Only auction, then you will see on your screen whether you are the high bidder, or if you have been outbid. You can also elect to receive emails notifying you every time you have been outbid on an item.
How will I know what my total is?
You will receive an invoice at the email that you registered with following the auction. It will include your purchases, the total including buyer’s premium, taxes due, title fees, etc.
How long after the auction ends will it take to receive my invoice?
When the auction has completely closed, our invoicing department will prepare invoices and send them to your email address. Our online only auctions typically begin closing out at 11 a.m. on the final day, and usually last into the afternoon. Depending on the number of lots and number of buyers, most invoices are sent out that afternoon. However, on a large auction that lasts late into the afternoon/evening, it may be the next business day before invoices are sent. For Live and Online auctions, invoices are sent out the next business day following the auction.
How long do I have after the auction to pick up my items?
Each auction has a set of “Auction Terms and Conditions” that specifies the pickup dates for that auction. It is important that you read the terms and conditions, as some items are available for pick up by appointment only, and only for a certain specified number of days. Any items not picked up during the time frame may be subject to storage fees.
Where are my items located?
Each auction has a set of “Auction Terms and Conditions” that specifies where the items are located. Some of our auctions have all items located here at our auction facility, and some are located off site. It is important that you read the terms and conditions prior to bidding to make sure that you can pick the items up at their location.
How can I receive my items after a sale? Do you ship?
All buyers are responsible for pickup and transportation of their purchased items. Jeff Martin Auctioneers does not ship any purchased items. We can, however, assist you with arranging freight for your items. You can ask for a freight quote here.
Please Give Me A Freight Quote
What does that word or term mean?
Sometimes the auction industry uses terminology that you may not be used to hearing. Jeff Martin Auctioneers has a great glossary resource that you may find helpful. Of course, we encourage you to always ask any Jeff Martin Auctioneers staff member with any questions.
Jeff Martin Auctioneers Auction Glossary
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