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.
Register

Register

BID & WIN

BID & WIN

Pay

Pay

pick up/ship

pick up/ship

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.