Frequently Asked Questions

Auction Spear is an online auction platform specializing in business asset liquidation, estate sales, and offering a business opportunity to start your own online auction services business.

The initial fee is $498 to get started then $174 annually. There are no monthly or per auction fees charged to the business owner. Fees are paid with a "Buyer Premium" added to each buyer invoice and paid by the buyer.

Depending on the state, you may need a license. Check your state laws to verify. In Texas online auctions do not require a Texas auctioneers license. You will need a standard DBA business license and a Federal EIN to get started however per law.

That depends on you! On average, most determined people get their first auction online within thirty days of signing on board with Auction Spear.

Auction Spear provides robust customer support with phone, text and email to contact us with any questions or concerns. The auction teams are also available to help you succeed.

There are only a handful of states Auction Spear does not offer the business opportunity due to either burdensome excess regulations or excess taxation. These include, New York, California, Oregon, Washington, Colorado.

Unfortunately, we cannot "reduce" a bid due to auction laws. We can however remove the last bid and you can log back in and place the correct bid.

When a second account is set up the system blocks the returning bidder based on security protocols. Please contact the administartor for assistance in accessing the original account.

Yes, the auction teams work with many real estate agents to liquidate the contents of homes for sale.

Yes, the auction teams handle charity auctions of several types. The auction teams usually offer a discounted commision rate for charity auctions. Please make sure to ask about the discounted rates when discussing with the auction team of your choise.

Please contact the auction company to which the balance is owed to resolve. Once we receive notice from them of resolution, we may reinstate bidding privileges. Please do not attempt to re-register until this matter is resolved.

Your Auction Spear bidder account has been temporarily placed on hold. The Auction Spear security system blocks bidders who do not have any paid invoices yet and have placed an excess number of bids. This is simply a preventative measure to reduce fraudulent bidding. Please call any of the auction companies where bids are placed to verify your account and reinstate your bidding privileges. No deposits nor credit cards are required for verification. Once we receive notice from them, we may reinstate bidding privileges.

Unfortunately, the phone number registered on the account shows it is a Google VOIP number and due to excess fraud from these types of numbers we require either a landline or actual cell phone verified number prior to enabling the account. To enable the account please change the phone number to either a landline or cell phone number then verify.

You will need to click on the “Forgot Password” link below the Login button and reset a new password.

Please check the Spam/junk mail filter in your email account for the notice sent after auction close. You can also log into your Auction Spear account and click on the Invoices tab in your dashboard to see all invoices past and present.

Unfortunately, you are not eligible for our business opportunity due to unpaid invoices and an outstanding balance owed on your bidder account. Please contact the auction companies to which the balance is owed to resolve. Once the balances are paid You will then be eligible for the Auction Spear business opportunity.

The Auction Spear automated security system has flagged this account as high level fraudulent. The account has been permanently blocked. Do not attempt to register again on the Auction Spear website as any further attempts to register may result in legal action against you.

Auction Spear has a three strikes rule that applies when bidders accumulate three or more unpaid invoices each less than five dollars. Please contact the auction company to which the balance is owed to resolve. Once we receive notice from them of resolution, we may reinstate bidding privileges. Please do not attempt to re-register until this matter is resolved.

Yes, To have the system auto-bid, simply place the maximum dollar amount you are willing to bid on an item and the system will auto-bid for you up to that maximum dollar amount per the bid increments in our terms and conditions.

As an example

Place a $10.00 maximum bid on an item that has a current bid of $1.00. The system will then incrementally auto-bid up to your maximum of $10.00. Your maximum is only seen by you and other bidders will not know that amount. Once the bidding exceeds your maximum of $10.00 you will receive an outbid notice via email.

Per terms and conditions, the system is a staggered ending auction meaning, lots close at a rate of 3 lots per minute. The auction does not entirely close at the set time. Lots that have extended bidding are due to bids being placed in the last three minutes prior to closing a lot.

The system will auto-extend the lot another three minutes each time bids are placed in the three-minute window priot to the scheduled closing time. If bidding continues, it will auto-extend until the bidding stops and three minutes have passed. This is designed to mimic a live bid call auctioneer who will continue chanting as long as bidding continues. This is fully legal and complies with all state auction laws.

$0.01 - $2.50 $0.25

$2.51 - $10.00 $0.50

$10.01 - $100.00 $1.00

$100.01 - $2,500.00 $10.00

$2,500.01 - $5,000.00 $25.00

$5,000.01 - $10,000.00 $100.00

$10,000.01 - $25,000.00 $250.00

$25,000.01 - $100,000.00 $500.00

$100,000.01 - $250,000.00 $1,000.00

$250,000.01 - $2,500,000.00 $2,500.00

You can register to bid in an auction for free No credit card required, no membership fees) at this link https://www.auctionspear.com/user/register

Auction Spear Recommends obtaining the DBA first then sign the contract.

The pickup address should be on your invoice or in the "Closed Auctions" section of the website under the specific auction. if you are unable to locate the information, please contact the specific auction company that held the auction.

There are one of two reasons for the flagged account. Either the phone number is a VOIP or a balance is owed on another account under the same name etc. Please contact the site administrator at [email protected] to resolve this issue.

There no minimums per auction but we recommend 250 lots minimum.

From the 15% buyer premium per auction. This is paid by the buyer and no fee per auction is charged to the auction company.

Each auction company is an independent business, and any Questions, Complaints, Disputes, or Concerns Must be resolved directly with the auction company(s) in question.

Please contact the independent business auction company(s) directly to which the question, complaint, dispute, or concern is directed.

The 15% buyer premium is sent to Auction Spear less any bonuses due the auction company.

The best way to resolve this is to contact the specific auction company that held the auction and explain your situation and discuss a resolution with them. Most of the auction companies are more than willing to work with you on a matter like this.

Each auction company is an independent business, and any Questions, Complaints, Disputes, or Concerns Must be resolved directly with the auction company(s) in question.

Please contact the independent business auction company(s) directly to which the question, complaint, dispute, or concern is directed.

A license is not needed in the state of Texas where Auction Spear is based. If you are in another state, please check with the state licensing department of your respective state to verify if a license is required or not.

There are several reasons for an account disabling. The account may need to be verified for security purposes due to being a new account. There may be an outstanding balance owed to an auction company.

Currently there is a one time start up fee of $498 and an annual membership fee of $174 due each January.

Please contact any of the auction companies listed on the Auction Spear website www.AuctionSpear.com to schedule your free no obligation estate assessment.