Auxetic materials become thicker rather than thinner when stretched, exhibiting an unusual negative Poisson's ratio well suited for designing shape transforming metamaterials. Current auxetic designs, however, are often monostable and cannot maintain the transformed shape upon load removal. Here, inspired by ancient geometric motifs arranged in square and triangular grids, we introduce a class of switchable architected materials exhibiting simultaneous auxeticity and structural bistability. The material concept is experimentally realized by perforating various cut motifs into a sheet of rubber, thus creating a network of rotating units connected with compliant hinges. The metamaterial performance is assessed through mechanical testing and accurately predicted by a coherent set of finite element simulations. A discussion on a rich set of mechanical phenomena follows to shed light on the main design principles governing bistable auxetics.