How to accept a bid


All items in the current sale
In the  Consignor Center you will find a link to all your items in the current sale".
- Here, you can see your Reserve price and your maximum Sale price.
- the number of visitors for each item
- the number of users who have added an item to their Buy-or-Bid Watch page.
- and most importantly, the received bids

Once your maximum price ( Buy price ) is accepted by a bidder, the item is sold and the sale for that item has closed.
If a bidder does not wish to pay the Buy price, he may also bid lower.

The 'BidAsk Spread' defines for the buyer the gap between your Reserve price and your maximum Buy price.
If a bid is received between the reserve and the maximum, the item will be sold at the closing at the highest received bid.

The seller has the option to reduce the Reserve price during the sale and up to 2 hours after the closing of the sale.


accept bid Lowering the reserve price during the sale [1]
If you want to lower your reserve (Accept Bid Price) during the sale, click on EDIT [1]. In the next screen, you can update your reserve.
In this case, the bidders and watchers receive a status update by email.
Slightly lowering the 'Accept Bid' price can be an efficient way to move the bidding process when you have several watchers but bidding is slow or has stopped.

Accepting a bid  [2]
When you want to accept the received bid, you click on the button Accept Bid [2]. The item will be sold for this amount if no higher bid is received before the closing.

Accepting a bid during the sale
During the sale you go to Items with Bids and look for Accept Bid Price (reserve) and the Highest Bid. For those items you want to accept the highest bid, you click on the yellow  ACCEPT BID button.
For bids entered below the BidAsk spread, the seller has, during and 2 hours after the closing, the option of whether to accept such bids. The bidder will receive an email.
NOTE If the seller matches the below BidAsk bid, the bidder is under no obligation and he can cancel his initial bid at the latest within 24 hours after the closing, or the item is automatically added to the invoice.

Accepting a bid within 2 hours after the closing
You have a maximum of 2 hours after the closing to go over your Items, and you click on ACCEPT BID button for those items you want to accept the bid.

Bid cancellation
NOTE :  For items, the seller has matched the below BidAsk bid, the bidder may cancel his initial bid at the latest within 24 hours after the closing, or the item is automatically added to the invoice.
We allow our bidders to bid below the reserve and create a more lively bidding atmosphere. If there are more bids, it will attract more bidders as well.  On the other hand, it could be that a bidder unexpectedly finds more items on his invoice when many under-reserve bids are matched.  Therefore, we leave the choice to the buyer to make his final choice after all the reserve was higher when he placed his bid.

Shipping

On Wednesday at 4 PM USA Eastern (Amsterdam 22.00) you will know the definitive sold items. For those who ship, please send them the following day by DHL or another courier service to our Amsterdam branch.

Roland Boelen
Paulus Swaen Europe bv
Pieter Lastmankade 2-Hs, 1075 KJ Amsterdam, The Nederlands
Tel.: +31 (0)6 51384297
email : amsterdam@swaen.com
VAT Registration : NL862925952B01