What happens if a lot is passed in to me?

As the highest bidder on a passed in lot, the reserve will be disclosed to you in your Dashboard. For 90 minutes after the auction finishes, you can elect to meet the reserve; alternatively you have the first right of negotiation. 

After 90 minutes, these rights expire and the agent is free to negotiate with other buyers. Meeting Reserve is the best way to guarantee your purchase. If you wish to negotiate, you must contact the selling agent within 90 minutes to notify your intentions.

In some circumstances, the selling agent and vendor may have opted out of using the Meet Reserve feature. Please refer to the catalogue header or contact the listed Agent for further details.

If you are the passed in bidder on a different lot type (e.g. Stud Stock) you need to contact the agent directly to negotiate.

The selling agent is not obligated to negotiate a price less than their reserve.