Auctions are an effective way of selling and buying rare and exclusive items through a bidding process. Traditional auctions, whereby auctions take place on site are still common, however in today’s technological and global age; telephone and more recently online bidding are acceptable ways to conduct auctions, and one we at Waterford’s pride ourselves on. All traditional auctions are broadcasted live over the internet, through one of our three providers- Artfact, Live Auctioneers, and Epailive.
Most of our auctions will take place at our head quarters in Berlin, New Jersey. These are free to attend and open to the general public. For those that wish to bid during the auction, you are required to register at least 72-48 hours in advance either online or in person. Please note our venue has limited capacity, so please register in advance to avoid disappointment. Waterford’s reserves the right, at our sole discretion, to refuse admission to the premises or participation in any auction. Waterford’s also reserves the right to reject any bid and the right to refuse to acknowledge any bidder.
All bidders must register and receive a bidding number from Waterford’s prior to bidding on any lot, at any auction. Once the auctioneer starts the lot bidding, s/he will adhere to the bidding increments set by Waterford’s until a sole bidder remains. This final bidder must present their bidding number to the auctioneer and purchase the lot at the agreed amount. If however the bidding fails to reach the reserve price, the lot will pass unsold and be added to our unsold catalog once the auction has closed.
Waterford’s auctioneers are qualified experts, with several years of experience. The auctioneer presents each lot with a starting bid and moves on from there, taking bids from the floor, over the phone, internet, and absentee bids. The auctioneer will determine who holds the current price as well as the final sale, all decisions are final.