PLEASE NOTE, THIS IS A PRELIMINARY LOT LISTING!
How to Bid:
This auction features two distinct bidding formats: one online-only before the live webcast on Thursday, February 6th, 2025, and one during the live webcast event.
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Online-Only Bidding
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Prior to the live webcast, you can place bids online for the auction lots.
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This allows you to start the bidding process and potentially win the items before the live event.
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Proxy Bidding
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Proxy bidding allows you to submit a maximum bid without participating in the live webcast event.
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Once your proxy bid is placed, the system will automatically bid on your behalf at the increments specified by the auctioneer.
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Even if you set a proxy bid, you can still actively participate in the live webcast auction if you choose.
Example of Proxy Bidding:
Let's say Mr. Smith is interested in bidding on lots 4 and 5 but is unable to attend the live event. He can log in ahead of time, place a maximum bid of $100 for each lot, and set his proxy bid.
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If Mr. Jones places a bid of $25 on lot 4, Mr. Smith's proxy bid of $100 will place him as the highest bidder at $50.
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If no one else bids, Mr. Smith wins the lot at $50.
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However, if a bidder during the live webcast places a bid of $60, Mr. Smith's proxy will automatically increase his bid to $70.
Recommendation:
To increase your chances of winning, we suggest setting maximum proxy bids for the lots you're interested in. The system will bid for you up to your max bid. Additionally, you can participate in the live virtual webcast to monitor the auction and increase your max bid if you are outbid.
Important Note:
You are allowed to bid both online and during the live webcast. If you're approved to bid, you may participate in both the online-only auction and the live virtual webcast auction.
Important Auction Tips:
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Multiple Platforms:
This auction is being held on multiple platforms. In the case of a tie bid, the auctioneer may ask for a tie-breaker or award the bid to the last, fastest bidder if the tie is not resolved.
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Choice Lots:
When a lot is offered as a choice, the highest bidder can select one or more items from a grouping at the bid price. The bidder can take as many lots as desired at that price.
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Line and Piece Meal Lots:
Some lots may be offered as a line (bulk lot) or piecemeal (individual pieces). When lots are offered both ways, the highest aggregate sum of the individual bids or the highest bulk bid will determine the winning bid.
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Tie-Breaking Process:
This auction will be held as a simulcast event across multiple platforms. If a tie occurs, the auctioneer will attempt to break the tie. If a tie cannot be resolved, the auctioneer may, at their discretion, award the lot to the last fastest bidder.
Bid Button and Increments:
When you click the bid button online, your bid will be placed automatically at the increment specified by the auctioneer. Custom bid amounts cannot be entered.
By following these guidelines, you can participate in both the online and live auction formats and increase your chances of winning your desired lots. Happy bidding!
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