Late and no bidding with Phil de Fegely

Phil de Fegely - Auctioneer Coach.

Phil de Fegely - Auctioneer Coach.

Phil de Fegely is an auctioneer trainer and auctioneer and he can be found at or 0417 013 351. I met Phil many years ago when we both coached at Auskick and I really respect his skills, professionalism and ethics in Auctioneering.

It’s not the slickest of interviews but that is me, I am not the world’s greatest interviewer and Phil is not prone to controversial statements. I got something out of this talk and he has me forced to rethink my stand on bid definition. I hope you find his comments informative.

Mal: Welcome Phil, the Cats are looking a little brittle at the moment.

Phil: Thanks Mal and good luck with the Colliwobbles come finals time. There is no one right way to auction. Every auctioneer has a different style and some of these topical disputes can be avoided by clear processes, explaining those processes to buyers and then good auctioneer technique.

Mal: Most auctioneers say no late bids, so what is a late bid?

Phil: A late bid is a bid after the fall of the hammer.

So what is a bid?

A bid is one that is acknowledged and accepted by the auctioneer.

So what is a late bid?

One that is accepted after the hammer falls.

OK. But some auctioneers seem to drag it out and give a lot of false warnings and say going once, twice, three times an awful lot.

Perhaps some do, but high-quality auctioneers have good technique, give fair warning and then bring the hammer down appropriately. The auctioneer must give fair warning and a reasonable time to accept bids.

I suppose the point is why hold back if you are a bidder at the level?


What is a disputed bid?

Two people who have made a bid simultaneously or the bidder says he said a different amount or two bidders next to each other are both thinking they are the bidder.

What do you do?

Firstly, the auctioneer should always clearly identify the bidder – eg the man in the hat. If you have a dispute you can reopen it at the last undisputed bid or start again.

What happens if you’ve bought the hammer down?

It shouldn’t happen as you cannot reopen a knocked down . You should not accept a bid at that point.

So that means an auctioneer cannot reopen an auction on a disputed bid because it is not actually a disputed bid, it is technically a late bid even if it was acknowledged?


Well, on what you say I am incorrect in my thoughts on a recent matter and I accept what you say. Learning something every day.

Phil: What would you do, Mal, as a buyer agent if you were the subject of a late bid?

Mal: Well, on what you said I would bid over and try and get the property and then take action post-auction. What do you make of no bidding, Phil?

If the asking price is reasonable and you don’t bid, then I don’t get it. It’s a transparent system.

Dummy bidding?

Can’t say I’ve seen any lately. Have you Mal?

None obvious to me at auction. Thanks for your time, Phil.

My pleasure.

Subscribe to our Market News Newsletter


Be with James

Would you like to talk to us about finding or negotiating on your next home?
We buy 100 homes for our clients every year.
We buy Inner East and Bayside over $2m.
View more MasterClass Articles

Inside James Market News