Want to get rid of your extra model railroad items without going through the hassles of
selling them online? Would you like to find that special model that isn't available in
stores? Well, the silent auction is for you!
How it Works
Silent auctions are similar to online auction sites like eBay: The seller presents one or
more items (a "lot") for sale. During the bidding period, which runs until Friday afternoon,
convention attendees can write in a bid for the lot. At the end of the bidding period,
the highest/most recent bid wins! Saturday morning the winners pay for the lot(s)
they won (and receive their items), and then the buyers are paid the winnings, minus a small fee
to the LSR for hosting the auction. Unsold lots are returned to the sellers without charge.
That's all there is to it! Make sure you read the official rules below for all the details.
You'll be amazed at the items you can find at the silent auction. Go through your
inventory of stuff - models, supplies, tools, books, decals, you name it! There's no doubt
you'll find something that would make a great entry!
- All buyers and sellers shall be identified by their
convention registration number.
- A "lot" shall be defined as one or more items selling
from a single auction form. Sellers shall fill out an
auction form for each lot. Required information
includes the seller's convention registration number,
a description of the item(s), and any reserve bid. The
unique item number(s) will be written by silent
- Items may be entered starting on Wednesday at 6:30
pm through Thursday at 10:00 pm. Operational
hours will be posted at the auction entrance; the
room may close from time to time for staff
- Sellers may bid on their own items.
- All opening bids shall be equal to the reserve bid. In
the absence of a reserve bid, the minimum opening
bid listed below (based on the value of the item)
shall be used:
All bids over $10 shall be in even dollars only.
Less than $10
$10 to $50
More than $50
- Some time on Friday afternoon between 4:00 and
4:30 pm (at a pre-determined time), a whistle shall
sound signaling the end of the auction. When the
whistle sounds, everyone shall raise their hands and
exit the room. The auction staff shall close the doors
and begin reconciliation of all items. Should an
auction staff member observe any bidding activity
after the close of the auction, the bid card for that
item will be picked up and the last bid deleted; the
bid shall revert to the previous bid. It is the intent
that the seller shall not be penalized for
inappropriate actions by bidders.
- No bid shall be withdrawn after the close of bidding.
When an item is sold, the seller shall pay a fee equal
to ten percent (10%) of the selling price to the LSR.
The exception is any estate items. This fee shall
apply to all items sold, inclusive of the items
purchased back by the seller.
- The auction staff will settle with all buyers first,
from 8:30 am until 10:30 am on Saturday.
Transactions will be in the form of cash, check or
credit cards, but credit card transactions will
include a transaction fee of 2.2% plus 30 cents.
- The auction staff will then settle with all sellers,
from 11:00 am until 1:00 pm on Saturday. Seller
transactions shall be in the form of a check issued on
the convention account.
- All unsold or unreconciled items shall be returned to
the seller. In the event that the successful bidder
cannot be located by noon Saturday, the item will be
- Any unclaimed items shall go to the convention
committee for disposal as it sees fit.
- All conflicts, discrepancies or other matters
requiring interpretation shall be resolved by the
auction chairperson and convention chair, whose
decision shall be final.
Forms will be provided at the convention.