5. Bid Functions

The status area of the display defines the following:

• Current High Bid: The last accepted bid from either an Internet bidder or a floor bidder.
• High Bidder: the value of the last accepted bid.
• Bid Button: a large button containing the value of the ASKed for price above the last accepted bid.
• Bid Status Bar: a status indication for the user identifying current bid status, for example:
  • Bid Now if the user is able to bid on the item (reference Lot Selection)
  • Outbid if the user has been outbid by a floor or internet bidder
  • Bid Accepted if the bid from this bidder was accepted by the auctioneer.

LOT SELECTION

When a bidder wants to bid on a specific Lot#, the user clicks on the square to the left of the lot# in the window in the upper right of the display. This signifies to the Auctioneer that this bidder ‘may’ bid on the lot. If this is a Choice and Privilege lot, the bidder should click on the box for each lot that he/she wishes to purchase if they have the high bid for that Choice and Privilege group. If you select more than one box and are the winning bid, you will be awarded ALL of the lots that you bid on.

If that bidder wins the lot, additional lots can be selected when the Auction Administrator asks the bidder if they wish to purchase additional lots at the same price.

If the bidder was the second highest, the Auction Administrator will offer C&P to the bidder and they have the opportunity to select one, two, or ‘n’ of the remaining items in the C&P group. In some cases, the Auctioneer may offer the remaining items to any bidder at that price and the bidder again has the opportunity to select any of the remaining items for purchase.