Buyer's Guide

Gray's Auctioneers LLC auction showrooms are open to the public during preview and all are welcome to attend our sales. These guidelines will give both the novice and veteran attendee a clear understanding our process

Before the Auction
We will have printed auction catalogues aproximately one week ahead of each auction. Clients may also view our catalogue online at our website. Both the printed catalogue and our online catalogue contain photographs, detailed descriptions and estimates for each lot. Gray's Auctioneers strongly encourage our clients to inspect all lots they are interested in, in person. Where this is not possible Condition Reports may be requested.

Preview
Our showrooms are open for several days before an auction for exhibition preview. All lots may be examined in person and our knowledgeable staff will be available to answer any questions. All lots are sold 'as is', so a personal examination of any items a client is interested in before buying is highly recommended.

Bidding Process
The bidding process is governed by our Terms & Conditions Please review and understand these terms before bidding.

Gray's Auctioneers LLC accept bids from those clients who attend the sale in person by absentee bid, telephone bid and live internet bidding.

In Person Bidding
The Auctioneer will only recognize bids from clients who have a bidding number and paddle. You may register for a paddle at our registration windows either, the day of the auction or, during preview. If you pre-register during preview, on the day of the auction you may pick up your paddle at any of our Bidder Services windows.

Once the auction begins, the auctioneer will clearly announce the lot number and starting bid price. To place a bid, raise your paddle so that the Auctioneer sees you and acknowledges your bid. The auctioneer will accept increasing bids on the Lot until one final bidder remains, at which time the auctioneer will give 'Fair Warning' that the bidding is about to close. Finally the Auctioneer will sell the item for the last amount bid. This amount is known as the 'hammer price'. The Auctioneer will announce the hammer price and the winning bidder's paddle number.

Bidding Increments

FromToIncrement
$0 $199 $10
$200 $499 $25
$500 $999 $50
$1000 $1999 $100
$2000 $4999 $200
$5000 $9999 $500
$10,000 $19,999 $1000
$20,000 $49,999 $2000
$50,000 $99,999 $5000
$100,000 $199,000 $10,000
$200,000 $499,999 $20,000
$500,000 $999,999 $50,000
$1,000,000 + $100,000

 

Telephone Bidding
You may register through the registrations page found on our website, and this will allow you to register your interest in telephone bidding via the website. You will be assigned an experienced staff member who will call you the day of the auction when your lot is coming up. They will let you know what bid the auctioneer is asking for and execute bids at your discretion. If you are successful, an invoice will be sent to you the next day.

Please note that you must receive confirmation from us that your telephone bid form has been received by us. If you do not receive confirmation your form may not have been received. If this is the case, please contact us directly at 216 458 7695 or email . Our minimum telephone bid is $200.

If you wish to submit the form via fax you may do so up to 48 hours in advance of an auction. The telephone/absentee bid form may be found at the end of the print catalogue or at the link below.

Download our Absentee Bid Form

Absentee Bidding
You may register through the registrations page found on our website, and this will allow you to submit your absentee bid via the website. Please note that you must receive confirmation from us that your absentee bid form has been received by us. If you do not receive confirmation your form may not have been received. If this is the case, please contact us directly at 216 458 7695 or email .

If you prefer, up to 48 hours in advance of an auction, you may fill out and fax back the telephone/absentee bid form found at the end of the print catalogue or at the link below.

Absentee bids are always kept confidential, and lots will be sold to you at the lowest price possible according to reserves and competitive bids.

Download our Absentee Bid Form

Online Live Bidding
Gray’s offers bidders live, real time, online bidding. You will need to pre-register if you would like to bid live. Buyers are financially responsible for the packing and shipping of their purchases. Gray's Auctioneers will provide buyers with a list of recommended packers/shippers, as well as liaise with buyer's preferred shippers. Please note our buyer's premium is 20% whether you bid in person, on the telephone, through our website or absentee. There is however an additional 3% fee when a bidder successfully bids through Live Bidding.

Payment & Pick-Up Procedures
Payment is due immediately after the sale concludes. All sales are
final. All lots are sold 'as is'. The buyer's premium is 20% and is
charged on each lot sold. It is calculated on the final hammer price. In
addition there is a Cuyahoga county sales tax of 8%.

All property sold should be picked up from our premises or shipped within five (5) business days following the auction. After that time property not removed will be subject to a handling charge and storage as outlined in our Terms and Conditions.

Shipping
We can provide you with a list of shippers who offer a wide array of packing and shipping options. The Buyer is responsible for packing and shipping.

For further information email Gray's at

A Pair of L.C. Tiffany Glass Shades Mounted on a Handel Lamp Base (20th Century) SOLD January 2013, $6,000

Rembrandt van Rijn (1606-1669) The Death of the Virgin, Etching and Drypoint on Laid Paper, SOLD January 2013, $5,250

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