Auction Management

The auction industry may be small but the people in it are mighty; we're lucky to be friends with most of them and work with partners around the country on a regular basis. This gives us a foothold in the market and the ability to offer our services on a national level.

Unlike most auction companies who specialize in only one region or one type of auction, we have diversified our team and affiliates in order to offer expertise in several arenas spreading across the U.S.Not to mention, we like to have fun! Our philosophy is defined by merging the timeless fundamentals of the auction industry with innovative marketing techniques and user-friendly bidding technology.

Before bidding in any of our auctions, we require our users to create a bidder profile before registering to bid. Once you've registered and been approved for an auction, you will have the right to bid as you wish and each bid you place is a binding contract. If you are the winning bidder, we expect you to sign the contract and deposit your Earnest Money within 5 business hours (M-F 8am-5pm ET).

Terms and Conditions are rules one must agree to abide by in order to use our service. The Ts and Cs include general and special arrangements, provisions, requirements, rules, specifications, and standards that you contractually agree upon in order to become an approved bidder.

Important details to consider include the Proof of Funds, Earnest Money Deposit, Buyer's Premium, Required Closing Date, Broker Commission, and the obligation to execute the Purchase and Sale Agreement (PSA) provided and wire transfer all payments on auction day.As a potential buyer, it is necessary to assess the risks of your investment and review all available information.

Our team at AMCbid specializes in the rapid disposition of assets at true market price for individuals and organizations that understand the time value of money. Every circumstance in the auction world is unique and therefore the first step in our process involves a thorough understanding of what you would like to auction and why.

AMCbid works with community, regional, and national banks by implementing auction solutions that help protect financial interest in an asset. To ensure the auction will adhere to institutional policies, we advise on and agree to terms and conditions that are compliant with company regulations.

The auction manager will work with the receiver or asset manager to set realistic expectations, establish a marketing budget, and create a reasonable timeline that is mutually agreed upon by all parties involved.Immediately submitting accelerated marketing strategy, marketing materials, contract documents, budget and timeline for approval.