auction

Silent Auction - Stan Schwartz

The auction is always a great place to find something special you've been looking for. It's also a great place to unload valuable items that you no longer have a need for. The auction really depends on YOU, the convention goer. The more of you that bring items the bigger and better the auction will be.

So start digging through the storage closets and under the layout or where ever you can think of to start collecting those valuable items you no longer want and bring them to the convention. Hey, maybe you'll make enough to start a whole new layout!

How do I put something in the auction? Good question and if you've never done it before it could be a mystery.

Here are the general rules for the Silent Auction.

SELLERS

Sellers are identified by their convention registration number no names are used.
Items may be entered as individual items or as a "Lot". A lot is defined as one or more items selling from a single auction form.
Sellers are limited to a maximum of 20 lots.
Sellers fill out an auction form for each lot or individual item including
Seller's registration number
A unique but consecutive item/lot number
A description of the item(s)
A Reserve Bid amount if one is desired (minimum accepted)
Items may be entered anytime the Silent Auction room is open starting Wednesday evening through Friday afternoon at 3:00 pm.
Sellers may bid on their own items.
When an item is sold, the seller shall pay a fee of ten percent (10%) of the selling price to the LSR. This fee applies to all items sold including those bought back by the seller and will be deducted prior to settlement with the seller.
All unsold items will be returned to the seller.
Seller transactions will be in the form of a check.

BUYERS

Buyers are identified by their convention registration number no names are used.
Bidding will begin on Thursday morning when the Silent Auction room is opened.
All opening bids shall be equal to the Reserve Bid.
The minimum opening bid is $0.50
Subsequent bids will be a minimum increment of $0.50 until the bid reaches $10.00.
With the bid value between $10.00 and $50.00 the minimum increment is $1.00 and shall be in even dollars only, no cents.
Once the bid value reaches $50.00 the minimum increment is $2.00.
The auction will close on Friday evening between 5:00 pm and 5:30 pm at a no notice random time announced by the auction chairman or his designated assistant.
When the auction closer is announced everyone shall raise his/her hands and exit the room.
No bid shall be withdrawn after bidding closes.
Buyer transactions may be in the form of cash or check (no credit cards).

GENERAL

Any activities after the announcement of the silent auction closing will be stricken and the item will go to the next highest bidder.
Settlement times for buyers and sellers will be posted.
The Auction Chairman shall resolve any and all conflicts, discrepancies or other matters requiring interpretation. The Auction Chairman's decision is FINAL.