Buyer's FAQ
Answers to the questions buyers ask most about bidding, fees, payment and pickup at Jeff Martin Auctioneers. Every auction has its own Terms and Conditions, which take precedence over this page, so please read them before you bid. Still have a question? Contact us
Bidding
How do I register and bid in person?
Bring a current photo ID and, if you are a dealer, your tax-exemption paperwork. Registration takes about 10 minutes on auction day. There is no fee to attend or register, though a refundable deposit may be required for some auctions.
Can I bid online?
Yes. Every Jeff Martin Auctioneers auction accepts online bids at www.jeffmartinauctioneers.com. Create a free account, register for the auction you want, and bid from anywhere. Live Auctions take bids on site and online at the same time; Timed Auctions and Virtual Auctions are bid entirely online. Some auctions require a deposit, account validation or identity verification before you can bid, and our online bidding team can help you through it. See all current auctions → https://www.jeffmartinauctioneers.com/auctions
Are your auctions open to the public?
Yes. All Jeff Martin Auctioneers auctions are open to the public, with the exception of firearms auctions. There is no fee to attend or to register.
Fees
What is a buyer's premium, and 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 $5000.00 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 $5000.00 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 $6000.00 on an item and you are the high bidder. You will pay $6530.00 plus taxes and fees for that item.
Do I get a title? What is the title fee?
Titled vehicles and equipment come with a title, and a title fee of $125 is normally charged per titled item. Jeff Martin Auctioneers is a licensed dealer in several states and cannot provide open titles. Titles for licensed dealers are processed dealer to dealer.
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?
Yes, unless you provide a valid resale or exemption certificate before invoicing, or the item is being exported. The tax rate depends on the location of the auction.
What is the wire fee on my invoice?
Invoices include a $20 wire transfer fee. If you pay by another method, the fee is removed.
Payment
How do I pay for my items?
After the Auction
How will I know if I won an 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.
When will I 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 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.
Do you ship? How do I get my items home?
Jeff Martin Auctioneers does not ship. Buyers arrange their own pickup or hire a hauler. Bring your paid invoice when you collect your items.
