Schedule of auctions
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Generally smartnumbers auctions are held fortnightly on a Wednesday, from 11 am to 4 pm (Victorian time).
- A smartnumber is only scheduled for auction once a valid opening bid is received for that number.
- By submitting a bid, you are legally required to pay that amount should it be the final bid amount.
- Opening bids can be cancelled up to four workings days prior to the auction date.
- Anyone who has registered with smartnumbers and submitted an application for a number can bid for it at auction.
Auction day rules
- Log into My Auction to view your auction details and/or place a bid.
- Auction day bids cannot be cancelled or withdrawn.
- The majority of auctions run for one day (from 11 am to 4 pm).
- If a bid is placed between 3 pm and 4 pm the auction will recommence at 11:00am the following business day. If no further bids are received the auction will conclude at 12:00pm. If there are any further bids between 11:00am and 12:00pm the auction will be extended a further full hour and conclude at 1:00pm. Further bids will extend the auction time by one full hour. If further bidding continues the auction will close at 4:00pm and then reopen at 11:00am the next business day. From the second day onwards the auction will conclude when there are no further bids for a full hour.
- You will be notified via an automated email if a counter bid is placed against you.
- Details of who is bidding and how much are displayed on the auction site.
- The minimum bid increment will be 10 per cent of the previous bid for amounts less than and equal to $50,000. If the previous bid is greater than $50,000, the minimum bid increment is $2,500.
- Successful bidders will receive an invoice via email after the close of the auction.
- If you submit an application for a number on the day it is being auctioned, you must phone smartnumbers on 1300 793 919, as your details must be added into the auction. This procedure can take some time and we cannot guarantee you will be able to participate in the auction.