AUCTION RULES
1. Each member may bring to auction up to 4 lots that must be considered by each participant as "special". Each set may consist of a miniature bottle (not larger than 10cl), a ceramic miniature, a set of miniatures, or a small number of minis in a lot, irrespective of its nature, type and size.
2. The auction day, those members who wish to put up a lot to the auction must take it to the place of the auction, at the indicated time, which will be expressly indicated in the program of activities of the meeting. Then, the lots will be delivered to the Club’s representative before the auction, and will be presented in the table in such a way that all lots are pre-viewed by all participants before the auction takes place.
3. At the same time they must deliver to the members of the Club responsible for the auction, a form detailing the name or data of the lot to be auctioned as well as the amount to be asked for the first bid. On this form, the member of the club in charge of it will each number the lots, which will be the one that identifies it in the auction. (The form to fill in the data of the lots is attached at the end of these rules, ready to be downloaded).
4. The Auction Master, will start the auction with the Lot Nº1, which will be awarded, after accounting up to three, the Auction Master will maintain a pause between bids, in order to give an opportunity to those undecided. In case that the Auction Master be interested in bidding for a lot, will previously give notice of its intention, before the bid starts.
5. As the lots are auctioned off, the auctioneer's assistant will identify them for subsequent delivery to the winners.
6. During the auction, the Treasurer will monitor the lots auctioned, scoring the winning amount and the name of the bidder, and once the auction is complete, he will proceed to collect the price of each winning bid. To this end, winning bidders will go to the club treasurer to pay the amount of the lots won.
7. On Saturday, after collecting the money from the auction winners, the club’s Treasurer, will settle to the lot’s owners the amount of the winning bids less the commission due to the Club, which will be calculated as follows: A fix amount of 1 € for each lot delivered for auction, whether or not it is sold. If the lot is sold, a 10% calculated on the winning bid, will be added to the fix commission of 1€.
8. During each bidding process, and before the Auction Master award a lot, the owner thereof, will have the opportunity to prevent the item or lot on bid to be awarded for a lower price that the one the owner expects to be earned as a minimum, by bidding himself for a price he consider appropriate. From that moment, if doest not appear another bidder with a higher amount, the lot will be awarded to its owner, that as a seller, will pay a minimum of a flat fee of € 2 per lot, but in this case the percentage of the winning price, will not be applicable. If another bidder puts a higher bid on the lot that exceeds the one made by the owner, the bidding process will continue as per the above, and the rest of the rules will apply accordingly.
