How Auctions Work

A comprehensive guide to bidding, strategies, and the auction process.

Step into the refined world of collector car auctions, where carefully curated vintage and special edition vehicles meet passionate enthusiasts. Our secure platform ensures a professional, transparent bidding experience for serious collectors seeking exceptional automotive finds. This guide will equip you with complete knowledge of our auction process, from registration through successful acquisition.

Getting Started

Three essential steps to begin your auction journey and start bidding on exclusive vehicles.

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01. Create Account

Sign up with your email and phone number to create your account.

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02. Verify your profile

Upload verification documents to confirm your identity.

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03. Ready to Bid

Explore our curated collection, review detailed photos, inspection reports, and vehicle histories before bidding.

Preparation is Key

Careful preparation helps you buy the right car at the right price—and bid with confidence when the moment comes. Every car is sold on an "as-is" basis, so study the vehicle thoroughly to know exactly what you're buying and at what price.

1

See the listings

Auction listings usually include provenance, current condition, restoration or service details, and high-quality photos. Treat these as initial information but not your only source. Cross-check features like low mileage, rarity, or professional restorations against auction data and recent comparable sales.

2

Inspect carefully

Attend preview sessions, or if bidding online, arrange for an in-person check by a trusted professional. Check body panels, paint, panel gaps, mechanical components, and note or photograph any areas of concern.

3

Set a strategic bid limit

Combine your inspection notes, listing insights, and researched prices to determine a maximum bid you're comfortable with. Don't forget to include all buyer costs such as premiums, handling, registration, shipping, and any post-auction expenses.

Bidding

The step-by-step process from your first bid to winning the auction.

1

Place Your Bid

Choose your bidding strategy based on your preference and situation.

Live Bid

Price increases immediately when you bid. A bold strategy that can deter other potential bidders by showing immediate commitment and driving up the current price.

Max Bid

Set your maximum and let our system bid incrementally for you. The system agent counters other bidders automatically until your maximum limit is reached.

2

Pre-authorize Security Deposit

We place a temporary hold on your payment method for security. This is not a charge - just a pre-authorization that ensures serious bidding intent and protects against fraudulent activity.

3

Confirm Your Bid

Review your bid amount and strategy choice, then confirm to make it official. Once confirmed, your bid becomes active and you'll receive notifications about the auction status and any competing bids.

4

Win the Auction!

If you're the highest bidder when the auction ends, congratulations! The security deposit is applied toward your payment, and we'll coordinate with the seller for documentation transfer and collection arrangements.

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Our Fees

When you win an auction, our fee (Buyer's Premium) is added to the final amount payable. This fee is standard practice in the auction world and helps ensure a professional, secure, and high-quality buying experience at Collins.

Buyer's Premium

2.5% of final hammer price*

When you win an auction, our fee is added to the final amount payable.

* Minimum Fees: Cars ฿50,000 | Motorcycles ฿25,000

Security Deposit

Temporary pre-authorization hold on your payment method for bidding security.

Charges as part of [buyer's premium] to the winner • Released automatically if you do not win the auction.

Triumph Bonneville (MC)
Hammer Price: ฿450,000
2.5% of Hammer Price: ฿11,250
(minimum fee for motorcycles applies)
Buyer's Premium: ฿25,000

Payable to Collins: ฿25,000
Payable to Seller: ฿450,000
Porsche 996 (Car)
Hammer Price: ฿1,500,000
2.5% of Hammer Price: ฿37,500
(minimum fee for cars applies)
Buyer's Premium: ฿50,000

Payable to Collins: ฿50,000
Payable to Seller: ฿1,500,000
Porsche 911 (Car)
Hammer Price: ฿5,000,000
2.5% of Hammer Price: ฿125,000
(2.5% fee applies)
Buyer's Premium: ฿125,000

Payable to Collins: ฿125,000
Payable to Seller: ฿5,000,000

Auction Policies

Clear guidelines ensuring fair and secure auctions for all participants

Final & Binding

All bids are legally binding once placed - no cancellations allowed. When you place a bid, you are making a commitment to purchase if you win.

Inspect First

Vehicle inspection strongly encouraged before placing bids. Schedule a viewing to examine the vehicle's condition and documentation thoroughly.

Payment Terms

Complete payment required within 3-7 days of winning. Accepted methods include bank transfer and cash with secure escrow protection.

As-Is Sales

All vehicles sold "as-is" unless explicitly warranted. Buyers are responsible for understanding the vehicle's condition before bidding.

Bidding Terminology

Key terms and features you'll encounter during auctions.

Live Bid

Manual bid placed immediately, becoming the new current bid.

Max Bid

Automated bidding agent up to your maximum limit.

Buy Now

Fixed price option to purchase immediately.

Start Price

Opening bid amount where the auction begins.

Reserve Price

Minimum price the seller will accept.

Time Extension

Auction time extended when bids placed in final 2 minutes.

Minimum Price

Lowest acceptable amount | starting point for negotiations.

Send Offer

Private negotiation tool for direct communication with seller.

Frequently Asked Questions

Registration is straightforward: provide your email and basic information, verify your email address, then submit identification documents before placing your first bid. The entire process typically takes 24-48 hours for verification.

Payment is due within 48 hours of winning an auction. The pre-authorization hold on your card will be captured as part of the payment. You'll receive a detailed invoice including the buyer's premium and any applicable taxes.

While physical inspections depend on the seller's location and availability, we provide comprehensive photo galleries, detailed condition reports, and vehicle history documentation for every lot. Many vehicles also include professional inspection reports.

Yes, Collins Auctions welcomes international bidders. We can assist with export documentation, shipping arrangements, and currency conversions. Additional fees may apply for international transactions and logistics.

After winning, you'll receive payment instructions and Collins will facilitate contact with the seller. We coordinate the transfer of ownership documents, arrange transportation if needed, and ensure a smooth collection process. Most transactions complete within 7-14 days.

Ready to Start Bidding?

Join Collins Auction and discover your next automotive treasure.

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Thinking of Selling?

Expert Curation & Authentication

Every vehicle in our auctions undergoes rigorous inspection and authentication by our team of automotive experts. We ensure transparency through detailed condition reports and verified provenance documentation.

Join our consignment program and reach thousands of passionate collectors worldwide.