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.
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 25,000 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 €.
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 online auction (Bid Up) finals will be indicated by a countdown over the entire auction time at the top of the page. If the time remains at 00 days 00:00:00, the so-called Bid Up starts automatically. The auction end of each lot is offset 3 minutes back from the previous lot. Starts the bid up with lot 1 at 20:00, the start time for lot 2 is at 20:03.
In the last 3 minutes the lot is in BidUp, each bidding activity extends the countdown timer by another 3 minutes. In other words, if a bid is made, if only 35 seconds are left, the timer is reset to 3 minutes 00 Seconds. If there is no further bid during this time, the auction ends and the bid price is displayed on the bid board. An extension of the completion time for a previous lot does not lead to an extension of the subsequent lot.
Window opens when you click on "Bid Now"
Below you will see the window which will open as soon as you click on the link "Bid Now". Here you can see exactly what other costs will be charged on the basis of the amount of your bid. You can choose the amount of your bid in the drop-down menu itself.