Online Only Auctions
Bidding Guide
2020

How to register for a sale123

SubmitForm

Identity Check

Confirmation
WebsiteComplete the online form
with your contact details.

We run automated checks on all clients
to comply with “know your client” (KYC)
legal requirements.

You will receive an email
notification once yourregistration is approved.

We will request identification documents from you for KYC requirements.

Mobile app

If we have any questions, a member of our Bids team will contact you.

How to bid in an online only auction

1.
Go toLot Page• You will be prompted to login or create anaccount if you are not already logged into
your account.
• A countdown will appear at the top of thepage/screen indicating the time remaining
before bidding closes on the lot/sale.

WebsiteMobile app

How to bid in an online only auction

2.
Place Your Bid• You may place a single bid at the next increment(or at the Starting Bid, if no other bids have beenplaced) by clicking the ‘Bid’/‘Place Max Bid’ button.
• Alternatively, you place a maximum bid, which will
be executed on your behalf by the system against
competing bids, by using the ‘Place max bid’ drop
down menu (website) or ‘Place Max Bid’ button (app).
• Once you have placed your bid, it cannot becancelled or reduced.
• Max bids may be increased at any time.
WebsiteMobile app

How to bid in an online only auction

3.
Receive
Confirmation• You will receive an email confirming your bid has
been placed and the lot page will display “Thebid is with you”.
• All current and past bids can be seen in ‘My Bids’
via the website or mobile app.

WebsiteMobile appHow to bid in an online only auction

4.
CompetingBids• If your single bid or maximum bid amount isexceeded, you will receive an email notification.
• The lot page will display “You have been outbid”.
• You will then be able to place another single bid
or increase the amount of your maximum bid
using the ‘Edit’ link/‘Edit Max Bid’ button.

WebsiteMobile app

How to bid in an online only auction

5.
SuccessfulBidders• Successful bidders will receive aconfirmation via email immediately following
the close of the entire auction.
• Successful bids will be reflected in ‘My Bids’
on the website and mobile app.
• You will receive an invoice via email together
with shipping and payment instructions on
the first business day following the auction
WebsiteMobile app

FAQ
Can I leave my bid at an amount that is not on the‘PLACE MAX BID’ drop down menu?
No. All bidding in an Online-Only Auction must be done on ourstandard bidding increments, as shown on the drop-down menu.

Can I cancel or reduce my bid if I change my mind?
No. All bids placed in a Timed Online-Only Auction are final andcannot be removed or reduced to a lower amount once placed.
You may, however, increase your bid at any time.

When does the bidding close?

For a full list of online auction related questions,please visit our website:
phillips.com/buysell/online-only/faq

A countdown clock is displayed for the auction on the Digital
Saleroom page, the main auction page, and the main bidding page.
Some auctions may have a rolling close, with each lot closing a minuteafter the previous lot. For these auctions, the countdown clock on themain auction page will be counting down to the close of the first lot.
Individual lot pages will have their own countdown clocks, indicating
the specific closing time for that lot.

Questions?

Bids New York bidsnewyork@phillips.com +1 212 940 1334
Bids London bidslondon@phillips.com +44 20 7318 4045
Bids Geneva bidsgeneva@phillips.com + 41 22 906 80 00
Bids Hong Kong bidshongkong@phillips.com + 852 2318 2029