How to Buy
Thousands of people every year choose to buy and sell equipment with
J.M. Wood Auction – a trusted company where you can bid and buy with
confidence.
Three Ways to Bid
On-site Bidding: 
J.M. Wood Auction events are held at a state-of-the art auction
facility that attracts sellers from across the country. Our
experienced team is on stand-by to provide inspections prior to the
auction, assist in the registration process and help you coordinate
logistics after the auction. Onsite Registration is easy. Simply
show your photo ID, pre-approved financing letter and you will be
given a bidder number.
Live Internet Bidding: 
Visit
JMWood.com on any device or
computer, or you can download our J.M. Wood APP in the
iOS and
Google Play stores! Simply
register online and send us a copy of your photo ID AND pre-approved
financing letter up to 48 hours before auction day. Online bidders
get to hear the live auction with our industry leading technology
and bid in real-time.
Register Now >
Proxy Bidding: 
Give us your written bid on a proxy form and we will bid for you in
the live auction. We treat your bid with integrity and do not start
at your maximum, nor disclose it to anyone but the auctioneer. Send
us a copy of your photo ID, a bank letter of guarantee and 10%
minimum deposit up to 48 hours before the auction, and we will take
care of the rest.
We Keep Our Costs Simple & Competitive
Winning Items: 
You will have the winning bid amount, buyer's administrative fee, and sales tax
Buyer’s Administrative Fees: 
10% on all items under $3000, 3% on all items above $3000 with a per item cap of $975
Please Note: 
Real estate and off-site auctions are subject to an adjusted Admin fee
Cost of Bidding
Winning Items: 
You will have the winning bid amount, buyer's administrative fee, and sales tax
As a buyer, you don't pay anything to browse and bid. You will pay the auction house directly
in the specified auction currency when you win a lot in an auction. The auction house will
contact you notifying you of what you have won and how much you owe. The total amount that
you need to send to the auction house will be composed of the following where applicable:
1.
The amount of your winning bid
2.
Buyer's administrative fee
3.
Sales tax
A buyer's administrative fee is an amount paid by the buyer to the auction house for every purchase in the auction.
This administrative fee is a percentage of the final price of a lot.
For example, J.M. Wood Auction charges a buyer's administrative fee of 10% for amounts below $3000.
You will have to pay an additional $50 when you purchase a lot for $500.
To find out about buyer's administrative fee and other charges, please read
our terms and conditions.