ONLINE ONLY AUCTIONS at www.rapidfireauctionservice.hibid.com
-Where do I bid?
Rapid Fire Auction Services auctions are held at rapidfireauctionservice.hibid.com. Click the link to go to the Rapid Fire bidding site. If you do not see a catalog/info listed we are in-between auctions. Please check back and be sure to follow us on our Facebook page. (The page with the flame logo.)
-How often do you hold auctions?
Currently, Rapid Fire holds about one auction a month. Larger estate sales may require additional time. Family-owned & operated, all facets of the auction process are handled personally by owners, Lenny & Kendal Miller. Purchased as a retirement business in 2019, the Miller's are still working in the corporate world while growing their auction business.
-Do you have a mailing list?
Yes! Send us a quick e-mail at firstname.lastname@example.org and request to be added to our e-mail blast of auction notices. We won't sell your information and you can opt out at anytime.
-Are you going back to live auctions?
No. We have discovered that buyers enjoy the convenience and comfort of bidding from home. Consignors are appreciative of the extra time that online auctions allow their items to garner the best possible prices. We do not plan on going back to live auctions at this time. We can, however, conduct auctions off site in Indiana & Kentucky.
-How do you consign with Rapid Fire Auction Services?
We welcome estates contracted through a designated executor/executrix. Moving, remodeling or downsizing? Consider a Living Estate. Items from consignors are also accepted. Call (812) 571-0455 or (812) 660-0463 or e-mail email@example.com for more info. We can auction overstock or liquidate merchandise for businesses. Need more info? Consultations are free as are visits to view large amounts of potential auction items.
-How/What do you charge?
Rapid Fire's commission is determined by whether the consignor/executor drops the items off at the auction house at 10430 US 421 N., Milton, KY, or if we bring trailers to pick-up items at your home/business. An additional fee is charged if Rapid Fire has to pack up your items. Payment is by a percent of the sold items that are auctioned.
-When can I drop off items for consignment?
Appointments are required for drop-offs due to limited space. Please call Lenny at (812) 571-0455 to discuss the best time to bring in auction items. We do not have room to spare to store items for any length of time and at some times may not be able to take your items immediately. You will be required to sign a contract at the time of drop-off or pick-up.
-What is a Buyer's Premium?
A buyer's premium is the percentage charged to the buyer of an auction item configured from the "hammer price" the item sells for. This amount goes to the auction house and helps cover the costs of hosting online auctions. A monthly software user fee, a unique per-bid charge, a percentage of the auction total paid to HiBid, and advertising expenses are a few of the costs of doing online auctions. Currently our BP is at 10%. Auction items are also subject to 6% KY sales tax.
-Can you have an auctions on-site?
Yes! We have access to multi-state licensed auctioneers/bid callers who can help with on-site auctions. Covid-19 guidelines will be followed for live, in-person auctions. Along with a commission, expenses can include additional auctioneers, clerks, cashiers, ring men, set-up/clean-up staff, and advertising fees. A portable toilet and food should also be considered. The owner of the property where the auction is to be held should have adequate insurance to cover the auction company, outside contractors and multiple bidders who attend the on-site auction.
-How soon do my items go to online auction?
It depends on the items and where we are in the auction process. Rapid Fire deals with multiple consignors who may have similar items to auction. In order to appeal to a variety of online bidders, auction items may be pulled from several consignors to make up an online auction. Seasonal items typically sell better closer to the opening of the season.
-Are there items you won't accept?
Yes. If items require too much time to make them presentable to sell--or look like items that won't bring at least five dollars--we may have to pass. We realize used items are going to have wear and/or a natural charm. Clean, nicely presented items are more desirable to online bidders and make the cataloging process move quicker. We can't accept antlers, mounted wildlife, bottles of alcohol/wine, or used medical equipment such as breathing machines, etc. Guidelines can vary from state-to-state so items that may be sellable in IN may not be in KY. We kindly ask you to clean your items both for sanitary reasons and to help speed the auction cataloging process.
-Can you place a reserve on my items?
Yes! All auction items begin at $5 unless the consignor requests a reserve price. In these instances, the starting bid will be set at the reserve. A reserve price must be given to the auction house before the opening of the auction. Be sure to consider the auction house's commission when determining a reserve. All items go up in $1 increments until the bid reaches $100.
-Do you purchase items outright? It depends on the item(s), the price, and where they are located. If we feel that the price is not within our budget or that we will be unable to make a profit, we will decline outright purchases.
What if my auction item(s) don't sell? Non-selling items may or may not be added to a second auction at the discretion of the auctioneer and if the seller agrees. If item(s) don't sell the second time, the seller can pick the item(s) or opt to have them donated. Non-selling items to Goodwill Industries or Salvation Army if permitted by the consignor/estate owner. If you are notified that you have non-selling items at the auction house for pick-up, you have 30 days to collect them before they will be disposed in a way to recoup our storage costs.
-What if a winning bidder doesn't pick-up their items?
Bidders enter into a binding legal contract to pay for their auction wins. Occasionally, buyers don't pick-up or pay after the close of the auction. Should this happen we make several attempts to contact them to pay. If unable to collect, we will re-auction your items still in our possession. Any bidder(s) with a questionable online bidder's rating--or not located within drivable distance--will be is removed from the bidding process. If we have any issues with a bidder they are banned from bidding on our future auctions and are reported to HiBid. A note is added to their account for other auctioneers should they wish to take their own precautions. Special Facebook pages were also created to add deadbeat bidders names and addresses to warn other auctioneers. We can also proceed with legal auction through the courts.
-When do I get paid for my consignment/estate items?
Kentucky law states that an auction house has up to 30 days to pay a consignor. We like to pay our consignors as soon as possible. Once ALL online auction items in a sale are paid for we generate a statement showing what was sold and less the consignor's fee. You can opt to have your check mailed or pick it up directly from the auction house.
-Do you accept firearms on consignment?
Yes! Rapid Fire works with a licensed FFL Dealer who stores the firearms and processes all required paperwork. A paper trail will follow the firearm from your hands, to Rapid Fire, and then to the FFL holder's establishment. After being photographed and cataloged for auction, the gun will be available for preview at Humphrey's (Carrollton, KY) during his regular business hours. The winning bidder pays the Rapid Fire Auction House and picks up the firearm at Humphrey's during their normal business hours. Any transfer fees are the responsibility of the gun buyer and will be paid directly to the gun dealer.
Contact us at firstname.lastname@example.org or (812) 571-0455 or (812) 660-0463 for more information.