How the Auction Works
How to Bid
In order to participate in the online auction, you must Register to Bid. You will be required to enter your contact and bank information. Please remember your user name and password - keep in a secure place. When you have been approved you will receive an email containing your bidding number. Please allow up to 24 hours to receive your bidding number. Once bidding opens approval will be granted more quickly.
You must get approval for each auction. Receiving approval for one auction does not allow approval for all future auctions. Contact the Flashpoint Bloodstock or Professional Horse Services if you have questions concerning approval.
You may register after bidding opens.
Login To The Auction
Once you receive the email containing your bidder number; you may login to the auction. You will be able to bid on any lot in which bidding is open. When the bidding for the auction is open you will have the opportunity to enter your bid or your proxy bid for each item.
No other bidders or seller will be able to see your bids - that data is not accessible to the public.
Placing a Bid
Automatic Bidding (setting a proxy bid)
With Automatic Bidding, you can enter your maximum bid, then sit back and watch.
When you set an Automatic Bid amount, the auction automatically bids on your behalf up to your maximum bid. If the lot ends for less than your maximum, that's all you'll have to pay. This means you don't have to keep coming back to re-bid every time another bid is placed.
Here's how it works:
When you set your high limit bid, you type in the maximum amount you are willing to pay for the lot. Your maximum amount is kept confidential from other bidders and the seller.
Your bid is compared to those of the other registered bidders --- the system automatically places bids on your behalf, using only as much of your bid as is necessary to maintain your high bid position.
The system will bid only up to your maximum amount as necessary to maintain you as the high bidder. If another bidder has a higher maximum, you'll be outbid. BUT, if no other bidder has a higher maximum, you win the lot. And you could pay significantly less than your maximum price!
Manual Bids - Single Bid Button
Click on the BID button pertaining to the lot that interests you. The single bid button indicates what the next bid needs to be in order to get "IN". Bidding will be set at increment amounts. In the instance where two bidders bid "simultaneously", the first bid that reaches the internet auction computer will be given the amount----the second bidder will be asked to bid the next available amount. DO NOT HIT THE BID BUTTON REPEATEDLY or you may actually stall your bid placement! Or you may place a higher bid then you need to. Click only once to place bid, your bid will be visible the next time your page refreshes.
Please note that using the single BID button will not be as quick as using the Automatic Bid (proxy). Due to slow internet connections out there, we CANNOT guarantee last second bids will get through every time - so please don't hesitate when bidding one bid at a time. We strongly suggest utilizing the automatic/proxy bid button to ensure your bids are accepted.
There is no possibility of tie bids. They auction server accepts bids when they are received - first come, first serve.
In the case of setting a proxy amount (high limit for automatic bidding), if two people try to set their high limit at the same price, the second bidder asking for that amount will be told to choose another amount since the amount he has chosen is already taken.
Winning a Lot
Once bidding is complete, the status of the lot will change. The high bidder number will be displayed.
When the sale is over, please contact the Seller to arrange payment, pick-up or delivery. Please refer to the sales Terms & Conditions.
Bidding With Confidence - a note about privacy
All purchases are handled between the auction management and buyer.
Bidding activity and confidentiality is of utmost importance to us. Bidding activity logs and data are maintained by the auction management for purposes of resolve conflicts or legal contests only. Sellers do not have any access to bid logs. Sellers have no access to Automatic (proxy) bid amounts, so you can place your high limit with confidence that it will not be revealed to the Seller nor other bidders. Your proxy bid will not be "run up" without another legitimate bidder competing against you. Your privacy is guaranteed.