What happens when you bid?
In the first bidding phase of the auction, maximum bids as well as direct bids can be submitted via one or more bidding steps. That means you can place your maximum bid on the respective horse or foal or place a direct bid by clicking the checkbox. If you do not make any changes in the bidding process in the bidding tool, the system is preset to simply take the next possible bid step. The corresponding price is shown directly in the view.
The amount of the bid steps (in the following step size) can vary, depending on the auction and the bid price. You can see the increment of the respective lot when you select your bid price in the drop-down list.
Example foal:
The bid steps increase up to a bid price of EUR 10,000 each by EUR 250, from a bid price of more than EUR 10,000 each by EUR 500 and from a bid price of EUR 20,000 by EUR 1,000.
Example riding horses:
The bid steps increase by EUR 500 each, regardless of the bid price.
Incoming bids are prioritized strictly in order of the time in which they are entered. When the hammer price reflects two or more identical bids, the lot will be sold to the first of those bids that was submitted.
When a maximum bid is entered that contains a whole or partial increment above the current bid, the current bid changes to the newly entered bid, replacing previous competing bids. In other words, when the current bid is 10,000 € and a maximum bid of 15,000 € is entered, the current bid changes to 10,500 € (i.e. one increment higher then 10,000 €). If there is already a competing maximum bid of 12,000 €, the current bid will change to 12,500 €, i.e. by one increment above 12,000 €.
You also have the option of submitting a higher bid over several increments by clicking the "Direct bid" checkbox.
If you enter a maximum bid, you will receive an email that acknowledges your bid and informs you at what level you are presently the highest bidder. As soon as your maximum bid is exceeded, you will immediately receive another email telling you that you have been outbid. That email will contain a link with which you can enter further bids.
The start time of the final of the online auction (bid up) is shown by a countdown over the entire auction time in the upper area of the website. If the time stops at 00:00:00, the so-called bid up starts automatically. The auction end of each lot is shifted 3 or 5 minutes from the previous lot according to the auction conditions.
Example (countdown timer 3 minutes):
If the bid up starts with lot 1 at 8:00 p.m., the start time for lot 2 is at 8:03 p.m. In the last 3 minutes before the final auction of a lot, each bidding activity extends the countdown timer by an additional 3 minutes. In other words, if a bid is placed, if there are only 35 seconds left, the timer is set to 3 minutes and 00 seconds. If there is no further bid during this time, the auction ends and the knockdown price is displayed on the bid board. An extension of the closing time for a previous lot does not lead to an extension for the subsequent lot.
Window opens when you click on "Bid Now"
The various parameters in the following example can change for individual horses and auctions.
Adjust how much you want to bid by clicking the side buttons. To offer more (+) and to offer less (-).
Here you can see exactly what fees are charged and what total amount you have to pay if you win this lot.
When clicking on Place Bid, a single bid will be made with the value you chose above.
An automatic bid ensures that your bid is automatically increased with the next minimum bid step as soon as another bid is received. This continues until your specified maximum amount is reached.
