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Bid Orders - Ways of bidding

1. SIMPLE BIDDING
You fill the "Bid Form: (.PDF format to Active Auction) and to the column "Lot No." you fill the number of the lot you are interested in and next to it to the column "Limit Euro" you fill the maximum price you are willing to pay.

How it works:
We will represent you to the auction hall up to your limit. If nobody else is interested you will get it at the starting price. If there is somebody else interested, you will get it one bid over the maximum price of the second bidder. If there is a bid bigger than your then you loose it. Steps of bidding are mantioned in the "Terms of Sale".
Offten there is dissapointment when you loose a lot for a small amount (one bid), This happens offten because you are the SECOND bidder. If, for example the starting price of a lot is 20€ and you bid for it at 30€ while somebody else bids it for 100€, this lot will be given to the other for 32€. So, you have the impression that you lost it for 2€. Instead you should have paid 80€ more to get it!

Also when we have two (or more) equal orders, the lot is given to the first one we received (so bid early!).

2. LIMIT OF PURCHASES
By putting a limit of purchase you never exceed you badget.

How it works:
You fill the "Bid Form: (.PDF format to Active Auction). To the square "LIMIT OF PURCHASES" (upper right) you fill the maximum amount you are willing to spend (to this amount our commission and the VAT will be added).

Example: Your offer is for 4 lots with total starting price 100€ and you bid them totaly for 200€. You fill "LIMIT OF PURCHASES" 80€. You will get lots with total maximum total price 80€.

ATTENTION: Please do not forget that we represent you in the auction hall and we have the same problems you would have if you were present.

Example: You are present in the auction hall and you are interested in lots 1001, 1002, 1003 &1004 (100€ each), you want more lot 1004 but you do not want to spend more than 250€.
If you bid the first lots and you spend your 250€ you cannot participate to lot 1004. If you do not participate to the first lots, you bid to 1004 and you loose it, you cannot go back!
In this case (that you tell us limit 250€ and I want 1004) we will use the 150€ for the first lots and we will keep 100€ for lot 1004. If you loose 1004 and there is an unsold lot between 1001 - 1003 we will give it to you.

3. OR (Alternative bidding)
You can bid two or more lots alternatively, so you get just one of them.

How it works:
You fill the "Bid Form: (.PDF format to Active Auction) but you put the word "OR" between the lots.

Example: To the "Bid Form: (.PDF format to Active Auction).you fill:
1001 - 100€
or
1002 - 90€
If the price is the same you can write: 1001 or 1002 - 100€

ATTENTION: Please do not forget that we represent you in the auction hall and we have the same problems you would have if you were present.

Example: You are present to the auction hall and you are interested in lots 1001 or 1002  with starting price 70€ each. Your bid is 100€. We will bid for you lot 1001 up to 100€ and if you loose it we will bid on lot 1002. So there is the possibility that you get lot 1001 for 100€ and lot 1002 remains unsold.

4. AND (Unification of lots)
You can bid two or more lots with the indication "AND", so you get either all of them or none of them.
ATTENTION: It is up the auctioneer to accept unification of lots. We avoid to unify lots unless there is an evident reason (i.e. 5 lots that are 5 proofs of the same stamp in different colors or 4 lots that are single stamps of the same set of 6 stamps etc.).

How it works:
You fill the "Bid Form: (.PDF format to Active Auction) but you put the word "AND" between the lots.

Example: To the "Bid Form: (.PDF format to Active Auction).you fill:
1001 - 100€
AND
1002 - 90€
If your offer is total for both lots you can write: 1001 AND 1002 - 190€

5. COBINATION OF THE ABOVE

Example:
1001 AND 1002 - 100€
OR
1003 AND 1004 - 120€
1005 -50€
1006 - 70€
1007 - 100€
OR
1008 - 80€
AND
1009 - 110€

LIMIT OF PURCHASES 250€
How we will function in the above example:
If you win lots 1001 and 1002 we will ignore 1003 and 1004.
If you loose them we will try to get for you lots 1003 and 1004.
Lots 1005 and 1006 we will bid them for you.
We will bid lots 1007 - 1009 for you only if your limit of 250€ permits it.

6. BIDS "BEST", "BUY" and "UNLIMITED"
The bid "BEST" means "buy it for me but at a reasonable price". Bids "BUY" and "UNLIMITED" mean  "I absolutely want it".
We do NOT accept  this kind of bids as they are the source of missunderstandings.

Example: For a lot with starting price 10€ are you ready to pay 100.000€? Obviously not. So between 10 and 100.000€ somewhere is your limit. We prefer that you give to us this limit and not "open bids". Think only what happens if we receive 2 bids "BUY" for the same lot...
If we receive anyway such a bid and we are not able to cantact you to sort out the amounts, we will bid for you the lot, 4 times the starting price for the bid "BEST", while for "BUY" or "UNLIMITED" we will bid up to 20 times the starting price. We insist: give us a specific amount or follow the next option.

7. PARTICIPATING BY THE PHONE
If you are interested not to loose a lot and you cannot come to the auction hall, you can participate by phone.
How it works:
a. You contact us and you tell us the first lot you are interested in.
b. You give us a contact number.
c. We tell you at (about) what time we will call you.
d. We call you before we reach the first lot you are interested in (i.e. if the your first lot is 1400 we will call you when we are at lot  1380-1385)
e. We tell you over the phone the number of the lot and then we ask you the amounts (i.e. lot 1401, 110€ is ok for you; 130
€ is ok for you etc) until the amount you win or you stop.
f. When all lots finish we will confirm the results.
ATTENTION: You must be sure that your telephone is available at the time of the auction. (The time we said we will call you is estimated). It is better to give us 2 numbers (a landline and a mobile). If we cannot reach you  YOU WILL NOT BE ABLE TO PARTICIPATE.

Vlastos auctions
40, Vas. Georgiou street | 15233, Halandri
Phone +30.210.68.34.749 , +30.215.540.16.55 | FAX +30.213.0.116.116 | E-Mail info@vlastos.com