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! Be sure to follow us on our Facebook page with our flame logo.
-How often do you hold auctions?
Currently, Rapid Fire holds about one auction a month. 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?
While COVID-19 forced Rapid Fire to operate online, we 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 price. We do not plan on going back to live auctions at this time. And yes, we miss the fun of a live auction too!
-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.
-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.
-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.
-What is a Buyer's Premium?
A buyer's premium is the percentage charged to the buyer configured from the "hammer price" that an item sells for. The amount goes to the auction house and helps cover the costs of hosting online auctions. This includes a monthly software user fee, a unique per-bid charge, a percentage of the auction total paid to HiBid, and advertising expenses. 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 held should have adequate insurance to cover the auction company and multiple bidders who attend the on-site auction.
-How soon do my items go to online auction?
It depends on the items. 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 such as 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.
-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.
-What if my item(s) don't sell?
Should any item(s) not sell, they will be put into an upcoming auction a second time. With the seller's permission, Rapid Fire will "box lot" several non-selling items into one lot for auction. If item(s) don't sell the second time, the seller can pick the item(s) or opt to have them donated. Rapid Fire takes non-selling items to Goodwill Industries if permitted to do so. 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, there are people who 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 reauction your items still in our possession. Any bidder with a questionable online bidder's rating is turned down for bidding. 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.
-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 your sale are paid for we generate a statement showing what was sold and include your check less the consignor's fee. You can opt to have your check mailed or pick it up directly at the auction house.
-Do you buy items outright?
It depends on the item(s), the price, and where they are located.
-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 Humphrey's.
Contact us at firstname.lastname@example.org or (812) 571-0455 or (812) 660-0463 for more information.