HOW BIDDING WORKS

To avoid confusion and possible disappointment, we would like to explain how the bidding process works on sale day:

At 9.00am we receive a bid from an absentee bidder for $500 on Pen 106 (let’s call her Mrs $500)

At 10.30am, a bid for $650 comes in from another absentee bidder, (let's call her Mrs $650) for Pen 106. She is now the highest bidder on Pen 106. As a courtesy, one of the volunteers contacts Mrs $500, to advise she has been outbid on Pen 106.

At 11.15, we receive another absentee bid for $1,000 bid on Pen 106 (let’s call her Mrs $1,000). We then have to call back Mrs $650, and advise she has been outbid. We may receive a multitude of bids on Pen 106 ... varying from $100 to $950. We would advise them all that we have a higher bid, thank you, and can we help you with another horse perhaps? This process repeats for many many pens.

NO ONE knows our bid amounts, except our team.

At 1pm, the auction starts, and we walk onto the floor with our list of bids on horses.

Each absentee bidder is contacted moments before their horse comes up for auction, so they can confirm their maximum bid again, confirm it is the correct horse, and to hear the auctioneer and the auction process.

We reach Pen 106, and we have Mrs $1,000 on the phone. We bid as discreetly as we can, as Victorian Law allows for vendors to bid on their own horses at the sale.

As an absentee bidding service, we basically act on behalf of the bidder, just as if Mrs $1,000 would do if she was attending the sale herself. She would arrive at the sale knowing she could not exceed $1,000 on any horse that day, and would do her best to get it for less.

The hammer goes down ... and Pen 106 sells for just $550. Lucky horse on that day, as the bidding could have gone over $1,000. Mrs $1,000 is excited and crying on the phone, we are excited that we were successful in saving Pen 106 to such an awesome home, everyone is thrilled, and then we quickly move on to the next pen.

To save as many horses as possible, we have to walk out on to the floor with the highest absentee bid we receive for each horse. We hope this explains it a little more clearly. Naturally, if Mrs $500 was the only bid we received for Pen 106 - she would have lost out on the horse as he went for $550. However we were able to win him as we knew we could go to $1,000 if necessary. It was just lucky he only went for $550.

RECEIPTS

If you would like a copy of your receipt, please send a self-addressed stamped envelope, with the Pen number and the Sale date on the back of the envelope, to: