Czechoslovak Philatelic Society of Great Britain

Bidding Information

THE CATALOGUE

Submitted lots are sorted into separate groupings, sequential numbering applied and the catalogue produced. The catalogue is sent to the Publications Secretary for replication and is mailed to members with their copy of Czechout together with a Postal Bidding form. Also, members can receive it via email or from the website, either viewed as a web page or downloaded.

Photocopying of lots will be carried out the Auction Secretary on receipt of £ 0.10 per copy plus a Stamped Addressed Envelope. (Please note that the quality of the copies cannot be guaranteed as much of the older material does not copy well). Payment for the photocopying facility to be made in advance by UK cheque, hard currency in banknotes of your native country or current U.K. postage stamps. The timing of the return of your photocopies will depend on your Auction Secretary's work commitment.

POSTAL BIDDING

It is important to post early - read on

Send your bids on the Postal Bidding form, if necessary continue on the reverse.

On receipt of the form, the "Potential Buyer" code and the value of the bids are entered on to the computer in order of the date of posting. Postal bids from abroad are factored to allow for the longer postal time. When making bids, please ensure that they comply with the bid steps printed on the bid form - incorrect bids will be rounded down to the nearest step.

If two postal bids are received for the same lot, both the "top bid" and the "under bid" are recorded on the computer. If both bids are for the same amount, the earlier bid will be treated as the "top bid".

If more than two postal bids are received for the same lot, the top two bids are treated as above.

Send your postal bid in absolute confidence, under no circumstances will the details of bids be passed on to any other member of the Society.

ROOM BIDDING - NOVEMBER AUCTION ONLY

Register and obtain your bidding number paddle from the Auction Secretary. Use this to bid - please make sure it is the right way up !.

The Auction

Your Auction Secretary.

- advises the auctioneer of the starting price of each lot

- bids for book bidders

- keeps a record of the fate of all lots

- reconciles the details with the Financial Secretary's independently recorded data

Three simple case studies will illustrate the procedure :

*** note that bid steps are £0.50 between £5.00 and £10.00 ***

 

Case Study 1 - Reserve £6 No Postal Bids

The Auction Secretary will tell the Auctioneer to start the bidding at the reserve of £6.

 

Case Study 2 - Reserve £6 One Postal bid of £8

The Auction Secretary will tell the Auctioneer to start the bidding at one step above the

reserve of £6 (i.e. £6.50). If there are no room bids the postal bidder will get the lot for £6.

 

Case Study 3 - Reserve £6 Two Postal Bids of £8 and £10

The Auction Secretary will instruct the Auctioneer to start the bidding at two steps above the lowest bid of £8 (i.e. £9). If there are no room bids, the top postal bidder will get the lot at one step above the lowest bid of £8 (i.e. £8.50).

If there are room bids, your Auction Secretary will bid for the postal bidder until :

- they are successful

- the postal bidder' s limit has been reached

The system is fair to all members - postal bidders will receive a good service.

AFTER THE AUCTION

The reconciliation of all figures results in the mailing of sold items, by the most secure method dependent on value, to the successful bidder, together with an invoice, this will include the cost of postage and packing.

Send your payment to the Auction Secretary by return, using:

- U.K. Cheque

- U.K. Currency

- U.S.A. $ check drawn up to the equivalent value of £50

- Direct transfer to the Society's Giro account

- Foreign Currency in banknotes of your native currency based on the current exchange rate,
  but including the equivalent of £2 for exchange purposes

- Foreign Currency cheque - prior arrangement only

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This page last updated on 17 February 2004
Designed by Ian Nickson