With OilFieldFacts you can Bid with Confidence, and here’s why:
Bidding online is just like bidding at an auction. The auction is live, and all of your online bids are placed in real time. You have the world at your fingertips. When you bid online, you can attend auctions around the world without going through the hassles and expenses of traveling.
We are independently run and are not affiliated with any auctioneer or consignor. We take pride in the fact that our business is always conducted in a fair and impartial manner. We’re here for you. Have a question? Our OilFieldFacts online auction clerks and customer service representatives are always available and happy to assist you. We speak your language. With our bilingual customer support staff, we can accommodate any international bidder’s needs.
How to Become an Online Bidder
In order to participate in our online auction you must first obtain an OilFieldFacts Username and Password. Your OilFieldFacts Username and Password is permanent, it serves as your unique identification on our website; you will never need to apply for another. You’ll need your Username and Password and one of our forms of authorization in order to be approved to attend an OilFieldFacts online auction.
Once you have filled out the bidder registration form, click on “Register” to send OilFieldFacts your application. Make sure you have read and accepted the terms and conditions. We will review your application and, if complete, you will receive an email from OilFieldFacts confirming your account is set up along with your Username and Password. If you do not receive this email, please check your spam and junk mail folders.
How to Get Approved for an Auction
With your OildFieldFacts Username and Password, you may Request Access to any online auction available on our website. Locate the auction under our auction calendar and click on “Auction Details.” Then click on “Request Access" link for the Auction. Complete the steps on the application.
In order to be approved for an auction, OilFieldFacts and the auctioneer require one of the following:
1) A Bank letter of payment guarantee
2) A Credit Card authorization only deposit
3) Or submit a Statement on the Access form on why you should be approved.
If you wish to submit the credit card authorization deposit, please download the form below. If you would like more information about the wire transfer deposit, please contact our office.
If you choose to submit a bank letter of guarantee, you must have your bank write a letter, signed, on bank letterhead. The letter must state as follows:
“Mr. (Customer Name) of (Company Name) is a customer in good standing at our bank. We will guarantee the payment of their purchases at the (Auctioneer) located in (City and State) on (Auction Date) up to (Specify Amount) dollars from (Account Number). We hereby agree that no stop payment will be issued in conjunction with this letter.”
Bank letters that do not contain this exact information, or are not printed on bank letterhead, or are not signed by a bank representative, will not be accepted. If your financial institution is unable to provide a letter with this particular wording, please consider one of our other auction approval options.
Once approved, you will be sent an email indicating that you are approved to bid online. On auction day, simply login in and join the Auction.