Sealed Bid Auction

A Sealed Bid Auction is an event in which each bidder may submit a confidential bid to purchase an auction prior to the auction closing time. Whereas in a typical internet auction all bids are known, in a Sealed Bid Auction, all bids remain confidential including the high bid at the end of the auction.

Bidding Rules

1. All bids must be submitted online.

2. Bidders have the ability increase their bid at any time by placing a new bid.

3. Bidders will not be permitted to lower their bid.

4. At no point either during the auction or after the auction closes will a bidder be permitted to see the other participants' bids.

5. There is no "proxy" bidding in a sealed bid auction.

6. All bids are binding.

Notification

The winning bidder will be notified by email and/or telephone within 24 hours of auction close, and arrangements will be made for payment collection and shipping.