Auction Terms 101: A Guide for Our Clients

 New to auctions? Farmer Auctions breaks down the essential terms you need to know, from Buyer's Premium to Multi-Parcel sales.

Understanding the Auction Process

At Farmer Auctions, we believe an informed client is a successful one. Whether you are settling a family estate, liquidating a business, or bidding on a piece of local history, the "auction language" shouldn't be a barrier. Use this guide to navigate our auctions with confidence.

The Fundamentals

As-Is, Where-Is: This is the standard for almost all auctions. It means the property or item is sold in its current state, with all faults and without warranties. We always encourage bidders to take advantage of our preview days to inspect items in person.

Buyer’s Premium: A percentage added to the final "hammer price" of an item. This fee goes toward the administration, marketing, and execution of the auction.

Example: If you win an item for $100 and the buyer’s premium is 15%, your total invoice (before tax) will be $115.

Hammer Price: The winning bid amount announced by the auctioneer (or the final price on the digital clock). This is the "raw" price before the buyer’s premium or sales tax is applied.

Bidding Types & Rules

Absolute Auction: An auction where the property is guaranteed to sell to the highest bidder, regardless of the price. There is no "floor" or minimum. These auctions often generate the most excitement and highest turnout.

Reserve Price: A confidential minimum price a seller is willing to accept. If the bidding does not reach this amount, the seller reserves the right not to sell.

Max Bid (Proxy Bidding): In our online auctions, you can enter the maximum amount you are willing to pay. Our system will automatically bid on your behalf in small increments to keep you in the lead, but it will never exceed your Max Bid.

Soft Close: To prevent "bid sniping" at the last second, our online auctions use a soft close. If a bid is placed in the final minutes, the countdown clock will automatically extend, giving all bidders a fair chance to respond.

Real Estate & Land Terms

Multi-Parcel (Multi-Par) Auction: A dynamic way to sell land. Bidders can bid on individual tracts, combinations of tracts, or the entire property. The system calculates the highest return for the seller while giving buyers the flexibility to buy exactly what they want.

Settlement: The process where the final payments are made, and the ownership of the property or assets is officially transferred to the buyer.

Have more questions?

We are here to help you navigate the process from start to finish. Our team is dedicated to transparency and helping you achieve the best results on the auction block.

Ready to Sell?  From clearing out a home to selling the land it sits on, we make it easy. Schedule a free consultation with the Farmer Auctions team today. Call (540) 384-0100.

Your Trusted Partner for Buying and Selling the Heart of Rural America.

At Farmer Auctions, we aren’t just auctioneers—we are part of the farming community. We understand that agricultural land and machinery represent more than just "assets"; they represent years of hard work, legacy, and significant investment.

Whether you are a multi-generational farmer, an institutional investor, or a family settling an estate, we provide the expertise needed to navigate the complexities of tillable acreage, grazing pastures, and specialty farm equipment. We bridge the gap between motivated sellers and the most qualified agricultural buyers in the country.

Why Choose Our Auction Advantage?

Deep Agricultural Roots: We don’t just look at maps; we understand soil quality, drainage, and yield potential. Our team knows the true market value of your land and machinery.

Precision Marketing: We don’t wait for buyers to find us. We utilize a targeted mix of digital advertising, local outreach, and our proprietary network of national investors to put your property in front of the right eyes.

Maximum Returns on Machinery: Our specialized equipment auctions create a competitive environment that often drives final prices well beyond traditional private sales.

Streamlined Land Sales: Whether you are selling a single 40-acre parcel or a complex multi-county operation, our process is transparent, efficient, and designed to close on your timeline.

Partner with the Agricultural Specialists

Don’t leave your legacy to chance. Let’s discuss how our auction platform can work for you. https://www.farmer-auctions.com/contact

 

 

 

Personal Property

Efficient. Transparent. Professional. We clear the way for your next chapter.

Whether you are closing a business, restructuring operations, or upgrading your fleet, Farmer Auctions provides a streamlined path to liquidity. We specialize in converting commercial assets—from heavy machinery and industrial inventory to office furniture and corporate vehicles—into immediate working capital. Our hybrid auction model combines high-visibility online platforms with professional on-site management. We connect your assets with a vast network of B2B buyers and industry-specific investors who understand the value of quality equipment.

The Farmer Auctions Advantage

Rapid Cash Recovery: Don't let idle assets depreciate. Our proven auction process accelerates the conversion of equipment into cash, typically within weeks.

Full-Service Logistics: We do the heavy lifting. Our team handles everything from asset cataloging and professional photography to tagging and managed buyer removal.

Targeted Market Reach: We don’t just list; we market. Your assets are promoted to a curated database of industry professionals, ensuring competitive bidding and true market value.

A Definitive Timeline: We provide a clear, fixed schedule. You’ll know exactly when your assets will be sold and when your space will be cleared.

Business Liquidation: Seller FAQ
Q. How do you attract the right buyers for my specific industry?

A. We use a data-driven marketing approach. Beyond our existing buyer database, we utilize targeted digital advertising and industry-specific trade publications to ensure your specialized equipment is seen by the people who need it most.

Q. Do I have to move my equipment to your facility?

A. Not necessarily. While we can discuss transport options, we frequently host on-site liquidation events. This saves you the cost of moving heavy machinery and allows buyers to see the equipment in its working environment.

Q. What types of businesses do you work with?

A. We handle liquidations across a wide range of sectors, including:

  • Construction and Heavy Equipment
  • Manufacturing and Industrial Plants
  • Retail Inventory and Store Fixtures
  • Fleet Vehicles and Transportation
  • Corporate Offices and IT Assets

Q. How are the "Buyer Pickups" managed?

A. Security and organization are our priorities. Farmer Auctions staff manages the entire removal process. We coordinate specific pickup windows and ensure that buyers adhere to all safety protocols and facility requirements while removing their purchases.

Q. How quickly can we start?

A. Once a contract is signed, we can typically have your auction live and marketed within 7 to 14 days. After the auction concludes, the site is usually cleared and funds are settled shortly thereafter.

Ready to get started?

Time is money, and idle assets are an unnecessary expense. Let the experts at Farmer Auctions handle your liquidation with the professionalism you expect. Contact us today: https://www.farmer-auctions.com/contact

Estate Sales

Accelerated Sales: The Real Estate Auction Advantage

When you need transparency, speed, and competitive bidding, the auction method is a powerful tool. At Farmer Auctions, we specialize in converting real estate into capital through a streamlined, high-impact process.

The Power of Competitive Bidding

Unlike a traditional listing where you set a price and wait for offers to come down, an auction sets a floor and watches the price go up.

Speed and Certainty: We set a specific sale date, creating a sense of urgency that forces buyers to act now rather than later.

As-Is Sales: Real estate auctions typically allow you to sell the property in its current condition, eliminating the need for costly repairs or protracted inspections.

Market-Driven Price: By bringing all interested buyers together at once, we ensure your property reaches its true market value through transparent competition.

The Jarrod Hines Advantage

Jarrod Hines, owner of Farmer Auctions, is a master of the auction method. His expertise ensures that your property is marketed to the right audience of investors and motivated buyers. Because Jarrod is also a licensed Realtor®, he brings a level of professional ethics and marketing sophistication that sets our auctions apart. Can't decide if a traditional listing or a real estate auction would be best for you? That's okay! Contact us today, and we will help you decide on the next step. https://www.farmer-auctions.com/contact

 

Traditional Real Estate

Our Listings

FAQs

Q: Who is Farmer Auctions?
 
A: Farmer Auctions specializes in auctioning Real Estate and Personal Property (including farm equipment, vehicles, business inventory, estates, and collections). We connect sellers and buyers through an online format, ensuring transparent transactions and efficient sales for a wide range of assets.
 
Q: Can you sell my real estate?

A:  Yes! Owner Jarrod Hines is a licensed realtor with MKB Realty. He would love to help you sell your home.

Q: Who is the best auction company in town?
 
A: Farmer Auctions, of course! We take pride in setting the standard in the auction industry with our knowledgeable employees and meticulous attention to detail. Our strategic marketing and global outreach ensure high visibility for your assets, attracting the most competitive bids.
 
Q: Are the auctions strictly online, or are they live events?
 
A: Our auctions are primarily online to ensure they are viewed by a wide audience.
 
Q: How do I register to bid in the auctions?
 
A: Click the "Sign Up” button link at the top of the page. You must provide basic contact information, agree to our terms and conditions, and, in most cases, provide a valid credit card for verification purposes (the card is usually not charged unless specified in the auction terms or for small items).
 
For Buyers (Bidders)
 
Q: How can I inspect the equipment before bidding?
 
A: For every auction, we provide a designated preview day. The date, time, and physical location of the preview will be clearly listed on the individual auction page. We strongly encourage all bidders to inspect items personally or send a representative. Note: For Real Estate, inspections are conducted via scheduled open houses or private showings.
 
Q: What payment methods are accepted?
 
A: Payment methods vary per auction but commonly include credit card, certified check, or cashier's check. Cash is generally not accepted for large purchases (Real Estate or large equipment). Specific payment instructions and deadlines are detailed in the "Terms" section of each auction listing.
 
Q: Is there a Buyer’s Premium?
 
A: Yes, a Buyer's Premium (a percentage added to the final bid price to determine the total sale price) often applies. The exact percentage is clearly stated in the specific auction terms. Please factor this premium into your total bidding strategy.
 
Q: Can you explain why there is a buyer’s premium?
A:  The Buyer's Premium directly contributes to the significant costs associated with running a successful, large-scale auction. This includes:
  • Operating Expenses (Overhead): This covers the day-to-day costs of our professional auction facility, including utilities, staffing for setup and loadout, property insurance, and equipment maintenance.
  • Technology and Software: This helps us invest in and maintain high-quality auction software, online bidding platforms, and security measures to ensure a smooth and fair sale process.
  • Credit Card and Financial Processing Fees: A substantial portion of the premium is used to offset the fees charged by credit card companies and other payment processors, ensuring we can offer you convenient and secure payment options.
  •  Maintaining the Quality and Integrity of the Sale
By charging a Buyer's Premium, we can invest in the resources that ensure a professional and efficient auction experience for both buyers and sellers:
  • Professional Staffing: We employ qualified personnel for cataloging, appraising, marketing, and customer service, which minimizes errors and maximizes efficiency on sale day.
  • Marketing and Advertising: This allows us to conduct extensive marketing campaigns (digital, print, and specialty) to ensure the right buyers are present, driving competitive bidding and maintaining the quality and strength of our sales.
  • Infrastructure: We can provide necessary services like item preview periods, secure storage, and organized load-out procedures.
Q. Will there be anyone on-site to help me load my items?
 
A. For large and/or heavy items, we ask that you bring people to help you. Our staff will likely be unable to assist you.
 
Q: When and where do I pick up the equipment?
 
A: The Removal/Load-Out Date(s) and the Location are strictly listed on the auction details page. You are responsible for removing and transporting your purchased items by the designated deadline. Failure to pick up items on time may result in storage fees or forfeiture.
 
Q: Are you able to ship items I purchase?
 
A. Yes. Shipping is provided by The Packaging Store. They specialize in shipping small and large items, including furniture, paintings, clocks, fragile and awkward items, and automobiles. Please call or email their office at 540-772-0999 va203@gopackaging store.com. The Packaging Store is a third-party vendor. We do not receive any commission from them. 
 
For Sellers (Consignors)
 
Q: What types of assets can I sell through Farmer-Auctions.com?
 
A: We manage the auction of diverse assets falling into two primary categories: Real Estate (residential, farmland, and commercial property) and Personal Property (which encompasses coins, jewelry, vehicles, art, firearms, militaria, heavy equipment, business assets, antiques, and estate collections).
 
Q: How long does it take to sell my assets?
 
A: The timeline varies, but typically, from the date of contract signing to final payment, it takes about 4–6 weeks for personal property. Real estate timelines are subject to contract terms and closing periods, which are generally longer. This includes cataloging, photography, marketing, the auction period, and the final funds settlement after the buyer's payment clears.
 
Q: How are commission fees determined?
 
A: Our commission structure is customized based on the size, value, and type of assets sold (Real Estate fees differ from Personal Property fees). We offer competitive rates and will discuss a transparent commission agreement with you during the initial consultation. The commission is deducted from the gross sale price, and you receive the net proceeds.
 
Q: Do I need to clean or service the items before the auction?
 
A: While assets are sold "as-is, where-is," we highly recommend basic cleaning and ensuring items are in good condition and that equipment starts and runs, if possible. Well-presented personal property, especially equipment or vehicles with current maintenance records, typically attracts more buyer interest and higher final prices.

Farmer Auctions: More Than Just Auctions—We're Neighbors.

At Farmer Auctions, we don't just work in our communities, we live and thrive here. We believe that giving back is the best investment we can make. That's why our team is deeply committed to rolling up our sleeves, donating our expertise and sponsoring vital organizations across Southwest Virginia and West Virginia.
    Our team loves stepping up to support causes we care about. From emceeing major fundraisers to serving on boards, we're dedicated to lending our professional skills to help others raise more:
    • Jarrod Hines, Owner: Jarrod is often found behind a microphone at non-profit events. He proudly volunteers his time as the Emcee for several key annual events, maximizing their fundraising success.
      • Helping the United Way of Southern West Virginia shine during their annual Wonderland of Trees event.
      • Lending a hand (and a voice!) at the American Heart Association (Roanoke Heart Ball), where our staff also volunteers time during the auction process.
      • Supporting the preservation of our local history with the Historical Society of Western Virginia.
    • Our Leadership in Action: Commitment starts at the top, with our leaders actively serving:
      • Carin Prescott, Head of Mission Control: Carin is a passionate, active volunteer with the Rotary Club of Princeton, WV, focused on local service and global understanding.
      • Lynn Rogers, CMO: Lynn volunteers her time at Ronald McDonald House Charities of SWVA events, serves on the board for the SWVA Wildlife Center, and acts as an ambassador for the Roanoke Regional Chamber of Commerce.
    We know that a strong local business network benefits everyone. We proudly maintain active memberships in the following Chambers of Commerce to foster collaboration and support regional growth:
    • Roanoke Regional Chamber of Commerce
    • Salem-Roanoke Chamber of Commerce
    • Vinton Chamber of Commerce
    • Montgomery County Chamber of Commerce
    • Beckley-Raleigh County Chamber (WV)
    • Smith Mountain Lake Chamber of Commerce

    DOWNSIZING - RIGHT TIME, RIGHT STRATEGIES, RIGHT PARTNERS in conjunction with a FREE APPRAISAL EVENT


    An informal discussion about life transitions and the sale of real and personal assets with Jada Turner of Berkshire Hathaway Home Services and Jarrod Hines of Farmer Auctions - regional experts in life transition events


    1:30 PM - MARCH 28, 2020
    The Waterfront Country Club
    275 Anchor Drive
    Moneta, VA 24121


    Thank you for registering for this event. We are looking forward meeting you to share ideas and information in a fun and exciting environment. Only ONE item or group of like items or sets of items (china, glassware,sterling flatware) per person is permitted for Free Appraisal Event. All fields of this registration form must be completed to be accepted. Please note that the order of registration will not be the order you will be seen on the day of the event. Customers will be seen on a first come, first serve basis dependent upon the availability of the appraiser for your particular item.

    Video Testimonials

    Need a Shipper?

    Farmer Auctions does not have a shipping department, but we partner with The Packaging Store for all of our auctions as our preferred shipper. The Packaging Store determines their prices for shipping, and Farmer Auctions does not receive any proceeds from them for their services. 

    To request shipping for an auction, contact their offices at 540-772-0999 or by email at va203@gopackagingstore.com.

    Upcoming Auctions

    Job Opportunities

     

    We currently do not have open job positions. Check back later!

     

    Internships

    Unpaid internships are available for undergraduate and graduate students who are looking to earn academic credit as well as students seeking professional experience, but who do not wish to receive credit.  We offer a Cataloging Internship and a Digital/Photography Internship in the fall and spring terms. Interns are afforded a unique hands-on experience in the exciting and fast-paced auction house environment.  

    Successful candidates will be self-starters with attention to detail and experience in any of the following fields: art or design history, material culture, history, graphic design, and the history of decorative arts. If you are interested in an internship opportunity, please send a current resume and cover letter highlighting your area of interest and study to Jarrod Hines at jarrod@farmer-auctions.com.

    Estate, Senior Transition, & Personal Property Auctions

    Navigating significant life transitions—whether settling an estate or downsizing for retirement—requires a partner who offers both sensitivity and expertise. At Farmer Auctions, we specialize in converting household contents, curated collections, and high-value assets into liquid capital through a respectful, efficient, and transparent auction process.

    Our team manages the entire lifecycle of the transition: from professional appraisal and cataloging to strategic marketing and the final clean-out. We turn a complex process into a streamlined path forward.

    Key Benefits for You

    Sensitive & Supportive: Our team approaches your situation with empathy and discretion during what can be a difficult time.

    Maximized Return: Professional marketing and auction placement ensure high visibility for your valuable items.

    All-Inclusive Service: From the first inventory to the final sale, we handle the sorting, listing, and marketing of all personal property.

     

    Simplified Liquidation: A single point of contact for clearing out the entire contents of a home, providing you with peace of mind.

     

    Expertise Across All Asset Classes

     

    At Farmer Auctions, we have the specialized knowledge to evaluate and sell a diverse range of assets. Our expertise includes:

    Real Estate: Real estate (both traditional and auction)

    Financial Assets: Bullion and coins.

    Fine Art & Luxury Goods: Fine jewelry, sterling silver, fine art, glass, and fine literature.

    Collectibles & History: Firearms, militaria, and musical instruments.

    Home & Decor: Fine furniture and general household valuables.

    Vehicles & Transportation: Classic and late-model automobiles, watercraft, boats, and ATVs.

    Machinery & Industrial: Tools and machinery, farm machinery, and industrial vehicles.

    Simplify Your Transition

    Let Farmer Auctions take the burden off your shoulders. Contact us today for a confidential, no-obligation meeting to discuss your personal property or estate. https://www.farmer-auctions.com/contact

     

     Full-Service Brokerage: Proven Methods, Personalized Results

    When the fast-paced auction process isn't the right fit, Farmer Auctions provides full-service real estate brokerage through our partnership with MKB Realtors. Using established, proven methods, we offer a personalized approach to buying and selling homes, land, and commercial properties.

    A Strong Partnership: Farmer Auctions & MKB Realtors

    Our owner, Jarrod Hines, is a top selling realtor with MKB Realtors. Farmer Auctions and MKB work together to sell properties throughout the Roanoke Valley.

    Local Heritage: MKB is a trusted local company with over 50 years of excellence.

    Total Flexibility: This partnership gives you the best of both worlds—the specialized marketing of Farmer Auctions and the massive reach of MKB’s traditional brokerage network.

    Why List Traditionally With Us?

    We guide you through every step, from listing to closing, ensuring a smooth and successful transaction at market value.

    Expert Guidance: Our agents are local market experts, providing accurate pricing and professional staging advice.

    Maximum Exposure: We utilize the MLS and extensive digital marketing channels to attract qualified buyers nationwide.

    Seamless Process: From contract negotiations to managing inspections and closing documents, we handle the details so you don't have to.

    Let Jarrod help you decide? With a dual license in both Auctioneering and Real Estate, Jarrod provides an unbiased, honest assessment of your property. He won't push you toward one method just because it’s all he offers—he’ll guide you toward the method that puts the most money in your pocket.

    Contact our team today for a confidential consultation. https://www.farmer-auctions.com/contact

    Privacy Policy

    What personal information do we collect from the people that visit our blog, website or app?

    When ordering or registering on our site, as appropriate, you may be asked to enter your name, email address, mailing address or other details to help you with your experience.

    When do we collect information?

    We collect information from you when you register on our site, subscribe to a newsletter, respond to a survey, fill out a form, submit payment for items purchased or enter information on our site.

    How do we use your information?

    We may use the information we collect from you when you register, make a purchase, sign up for our newsletter, respond to a survey or marketing communication, surf the website, or use certain other site features in the following ways:

    • To personalize user’s experience and to allow us to deliver the type of content and product offerings in which you are most interested.
    • To improve our website in order to better serve you.
    • To allow us to better service you in responding to your customer service requests.
    • To send periodic emails regarding your order or other products and services.

    How do we protect visitor information?

    Our website is scanned on a regular basis for security holes and known vulnerabilities in order to make your visit to our site as safe as possible.

    We use SSL to encrypt all personal information that is submitted on our site.

    Payment processing

    Your payment and personal information is always safe. Our Secure Sockets Layer (SSL) software is the industry standard and among the best software available today for secure commerce transactions. It encrypts all of your personal information, including credit card number, name, and address, so that it cannot be read over the internet.

    Do we use ‘cookies’?

    Yes. Cookies are small files that a site or its service provider transfers to your computer’s hard drive through your Web browser (if you allow) that enables the site’s or service provider’s systems to recognize your browser and capture and remember certain information. For instance, we use cookies to help us remember and process the items in your shopping cart. They are also used to help us understand your preferences based on previous or current site activity, which enables us to provide you with improved services. We also use cookies to help us compile aggregate data about site traffic and site interaction so that we can offer better site experiences and tools in the future.

    We use cookies to: 

    Compile aggregate data about site traffic and site interactions in order to offer better site experiences and tools in the future. We may also use trusted third party services that track this information on our behalf.

    You can choose to have your computer warn you each time a cookie is being sent, or you can choose to turn off all cookies. You do this through your browser (like Internet Explorer) settings. Each browser is a little different, so look at your browser’s Help menu to learn the correct way to modify your cookies.

    If you disable cookies off, some features will be disabled It won’t affect the users experience that make your site experience more efficient and some of our services will not function properly.

    Third Party Disclosure

    We do not sell, trade, or otherwise transfer to outside parties your personally identifiable information.

    Third party links

    Occasionally, at our discretion, we may include or offer third party products or services on our website. These third party sites have separate and independent privacy policies. We therefore have no responsibility or liability for the content and activities of these linked sites. Nonetheless, we seek to protect the integrity of our site and welcome any feedback about these sites.

    COPPA (Children Online Privacy Protection Act)

    When it comes to the collection of personal information from children under 13, the Children’s Online Privacy Protection Act (COPPA) puts parents in control. The Federal Trade Commission, the nation’s consumer protection agency, enforces the COPPA Rule, which spells out what operators of websites and online services must do to protect children’s privacy and safety online.

    We do not specifically market to children under 13.

    SPAM Act

    The CAN-SPAM Act is a law that sets the rules for commercial email, establishes requirements for commercial messages, gives recipients the right to have emails stopped from being sent to them, and spells out tough penalties for violations.

    We collect your email address in order to:
    • Send information, respond to inquiries, and/or other requests or questions.
    • Process orders and to send information and updates pertaining to orders.
    • We may also send you additional information related to your product and/or service.
    • Market to our mailing list or continue to send emails to our clients after the original transaction has occurred.
    To be accordance with CANSPAM we agree to the following:
    • We will not use false, or misleading subjects or email addresses.
    • Identify the message as an advertisement in some reasonable way.
    • Include the physical address of our business or site headquarters.
    • Monitor third party email marketing services for compliance, if one is used.
    • Honor opt-out/unsubscribe requests quickly.
    • Allow users to unsubscribe by using the link at the bottom of each email.
    If at any time you would like to unsubscribe from receiving future emails, you can
    • Follow the instructions at the bottom of each email.

    Contacting Us

    If there are any questions regarding this privacy policy you may contact us.

    Specializations

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    Buying in an Online Only Auction

    Creating an Account: Click HERE to create your online account with Farmer Auctions. 
    Once you have created your account you are ready to bid with Farmer Auctions in any of our Online Only Auctions. 

    Registering For An Auction: Once you have created your account you will need to register for each auction. To do so, click on the yellow "Click here to register" button at the top of each auction. You will then be prompted to use your email and password to login. Next select the credit card you would like to use, then you're all set! 

    Bidding In An Auction: 

    1) You can click on the blue Bid button underneath each item to bid the next increment amount.

    2) You can set a maximum bid to the highest amount you're willing to spend on the lot. The price will only increase if someone bids against you, and won't bid you above your maximum set amount. 

    Winning/Receiving Your Items: Congrats! If you have won a lot, or many, in one of our online only auctions, your selected credit card will be charged and you will be sent a receipt to your email. There will be a set removal date for every Online Only Auction. If you are unable to make the removal date you can have your items shipped or picked up for you by The Packaging Store. If you are in need of shipping please contact The Packaging Store at 540-772-0999 or by email at va203@gopackagingstore.com. *Must be notified of shipping request by noon the day prior of the removal date, or else items are considered abandoned. 

    Buying in a Live Auction

    Every auction offers multiple ways to bid: 

    Bidding Live in the Gallery: Bidders join us in the gallery during the auction as the auctioneer calls bids to the crowd.  If you wish to bid you must register (free of charge) at the front desk to get a bidding number.  Once you are registered you may bid on any item you wish.  You are never required to bid just because you are registered.  

    If you happen to be the winning bidder you are required to pay before you leave the gallery. We request, if at all possible, you take your items with you.

    Bidding Live Online (Remotely): This option allows you to bid from anywhere that you have internet access.  You must register on an online platform (we use Live Auctioneers, Invaluable, and Auction Zip) and be approved by our office.  Once approved you are eligible to bid live during the allotted auction time.  Once the auction begins an employee in the gallery will run the online terminal in sync with the auctioneer, this allows you to bid remotely in real time.  You will receive an emailed invoice after the auction to confirm any items you won.  Post auction, you may either pick up your items in person or contact our third party shippers to have the items shipped to you.  

    Leaving an Absentee Bid:If you are unable to bid live in the gallery or live online you still have an option!  Once you fill out and sign our absentee bid form a staff member will enter your absentee bid, which is then executed on your behalf by the auctioneer during the live auction.  You may also register to leave an absentee bid on our website.  

    Remember, when you place an absentee bid leave the highest value you are interested in paying.  Sometimes you pay less if no one bids against your bid, and sometimes you are outbid.  Post auction, you may either pick up your items in person or contact our third party shippers to have the items shipped to you.  

    Phone Bidding: For Collector and Specialty auctions we offer phone bidding as an option.  Once you fill out and sign our absentee bid form you will be eligible to bid by phone during the live auction.  At the appropriate time a staff member will contact you via phone and relay your bids to the auctioneer.  

    Absentee Bid Form

    Click to learn more about the types of auctions we offer

    A few helpful tips: 

    • We offer the lots in numerical order (i.e. 1, 2, 3, etc.) – we average about 100 lots per hour depending on the type of sale.  We recommend coming early if you have an item in mind so you don’t miss it.  Once it’s sold, it’s gone!
    • There is a buyer’s premium added to every invoice as well as state tax – keep this in mind when budgeting.  Please refer to the terms and conditions of each individual auction for current buyer’s premium rates.
    • Always make sure to closely examine any items that interest you in person.  We work hard to mention/photograph any damage, but all bidders should take a look too.  Can’t view items in the gallery?  Contact us and we would be happy to send you a condition report.

    If you are considering selling an estate, a lifetime collection, or high-value assets, the journey begins with a simple phone call. At Farmer Auctions, we combine a proven track record with expert personalized service to ensure you achieve your selling goals.

    We believe in a tailored approach. Every collection and estate is unique, and our process is designed to maximize your return while minimizing your effort.

    1. Initial Consultation & Evaluation

    We’ll discuss your property and your specific selling objectives. We will schedule a time for a staff member to speak with you directly. During this on-site visit, we will:

    Discuss the Process: Clearly explain the auction or conventional sales strategy best suited for your assets.
    Evaluate the Timing: Establish the most opportune schedule for sale based on market conditions and your timeline.
    Assess Staff Investment: Outline the dedicated resources and expert staff we will commit to your successful sale.

    2. Professional Logistics & Security

    No matter the size of the estate—from a single high-value item to a multi-generational property—we have the expertise to handle the logistics.

    Handling Collections: We take on almost any collection or estate, provided the value meets the threshold for our comprehensive services.
    Secure Appraisal: For specialized, sensitive, and high-value collections such as Fine Jewelry, Coins, or Firearms, we can arrange for the secure transport of your items to our dedicated gallery. Once at our facility, our specialists can conduct a detailed appraisal to fully authenticate and catalog the collection, ensuring the maximum realized value.

    3. Your Goals are Our Priority

    From the first phone call until the final sale, our focus is on meeting your objectives. We handle all the intricate details—from marketing and presentation to payment processing—allowing you to move forward with confidence and ease.

    Whether you have a single item or an entire collection, call (540) 384-0100 for more information about our rates and the consignment process.

    A few helpful hints:

    Our experts possess extensive knowledge, enabling us to handle a wide range of items that individuals would like to consign.
    All eligible items require review by our team - if you have a significant item or collection, the quickest way to receive our services is to email us photos and a self-inventory.
    We also have in-gallery consultations by appointment.

    Still have questions? Call us at (540) 384-0100 or contact us: https://www.farmer-auctions.com/contact

    Our Blog

    Services

    We all have treasures that we love, but unfortunately, just because an item has a great story and a lot of age does not ensure that it will have a lot of market value.  That is where we can help.  We are prepared to help you navigate the market and assist with your next move.  Whether it is commissioning an insurance appraisal, selling items from your collection, or downsizing, our team is ready.

    For those looking to buy, we work to create a seamless bidding experience for all customers.  We hope that everyone, whether novice or committed collector, will enjoy our auctions.  Visit the link below to learn more.

    Looking to Sell? Visit our Selling page

    Looking to Buy? Visit our Buying Page

    New to Auctions? Learn How to Bid Here

    Our People

    Experts you can trust.

    At Farmer Auctions, our vision is to build a lasting legacy of trust and excellence, ensuring the Farmer Auctions name remains synonymous with the highest ethical standards and unmatched professional results.

    Why Choose Farmer Auctions?

    Our goal is to market your collection, in a fair and honest way, to an ever-increasing audience. Every auction is available online; giving our local roots an international reach.  You can browse our auctions at anytime and bid from anywhere. Our 30 years of professional experience ensure that we are the best option for your auction, appraisal, and real estate needs.

     

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    Farmer Auctions

    29 Wildwood Rd
    Salem, VA 24153

    phone: (540) 384-0100
    info@farmer-auctions.com

    Gallery Hours:
    Monday – Thursday 9 am – 5 pm, and Friday 9 am – 4 pm

    In gallery consultations are available by appointment. 
     

     

    Farmer Auctions and Real Estate: Trust. Transparency. Results.

    Farmer Auctions and Real Estate is dedicated to expertly serving our clients with integrity and transparency, delivering professional, full-service auction solutions to ensure every client's success while building trust and strengthening the marketplace within the communities we serve.

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    You can attend the live auction or bid online from anywhere!

    Participate in our auctions online on this page!

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