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Old 01-19-2015, 01:47 PM
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Rick McQuillan
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Join Date: May 2009
Location: Wisconsin
Posts: 3,178
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From Lelands website: (A little confusing,plus who reads all of this stuff?)

BIDDING INCREMENTS

Items will be sold to the highest bidder. Bids can be no lower than the " reserve " or minimum price listed. The current high bid must be raised in increments of at least 10% for items currently at or above $250 or $25 for items currently below $250. Absentee bids are placed in 21% increments. This eliminates the possibility of a bidder occupying 2 consecutive bids. To place a straight bid over the current bid, uncheck " Proxy Bid " , whereby the bidding increments go in 10% raises. Lelands reserves the right to accept or reject any or all bids, and/or pull items from the auction. Placing a bid constitutes acceptance of the terms and conditions of sale as outlined here. Lelands' record of final sale shall be conclusive. *An asterisk indicates that the lot has a confidential reserve. The confidential reserve is not higher than the low end of the estimate. To place a straight bid over the current bid, uncheck "Use Proxy Bidding", whereby the bidding increments go in 10% raises.

PLACING ABSENTEE BIDS

IIf you wish, you may place an Absentee Bid to avoid the need to continually bid. Simply place your maximum bid in the space provided, and Lelands' system will automatically bid for you. Absentee Bids will be executed competitively only as they are bid against by other bidders. For example, assume you have the current high bid at $10,000 and you have placed an absentee (ceiling) bid of $15,000. If another bid comes in ($11,000), your absentee bid will automatically kick in and raise the high bid to $12,100. This will continue until your absentee bid has been outbid. If there are no other bids, you will win the lot for $12,100, plus buyer’s premium. Absentee bids are placed in increments of 21% to avoid the possibility of one bidder occupying two consecutive bids. A 19.5% buyer's premium will be added to all winning bids. All absentee bids will remain confidential.
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Rick McQuillan


T213-2 139 down 46 to go.
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