Auction Guidelines
Welcome to the 1st
Annual 2008 Hasenbeck Farms Online Advantage
Heifer Sale! If at any time you have any
questions, please do not hesitate to contact us
during the business day at 580-492-3400 or
during the evenings and weekends at
580-591-3145.
2008 AUCTION DATES AND
TIMES
The auction has been set to run from 8:00 a.m.
Monday, November 24th, 2008 through 6:00 p.m.
CST, Sunday, November 30th, 2008.
The auction will be closed
out LIVE.
www.LiveAuctions.tv will feature live audio
and video of each of the heifers in our Online
Advantage Heifer Sale. If you do not have
access to a computer, phone in bids are
accepted.
HOW TO PARTICIPATE
In order to participate in the online auction,
you will need to pre-register and obtain a buyer
number. To do this please go to the
LiveAuctions website at
www.LiveAuctions.tv and select the Hasenbeck
Farms Online Auction. After login, the
Buyer Registration Form should pop up
automatically. If it doesn't, there is a
link you can select that says "register For a
Buyer Number." This form requires you to
fill out your bank's name, city, state, phone
number and a contact.
You may register to bid after bidding has
opened, but please remember that authorization
to bid is not instantaneous!
HOW THE AUCTION WORKS
Once you have a username and have received a
buyer number then you are ready. You will
see a screen that is unique to your User ID.
There will be a list containing the sale lots of
the heifers featured in the Online Advantage
Heifer Sale. If you click on the lot
number, the video clip or photo will be
displayed to the right. The next bid,
current price, proxy bid, and manual bid buttons
will be displayed below the video area.
This page will react to your bids by stating
"you are in" or "you are out."
No one else will be able to see your bids - that
data is not accessible to the public. Each
time you login, the auction screen will display
your personal bidding information. Your
auction screen is unique and private -
displaying your activity to only you.
Remember that you must have the lot number that
you are bidding on selected - this is where it
tells you if you are in or out and you can also
see your proxy (automatic) bid settings as
applicable.
WHAT IS A PROXY BID?
With a proxy bid you can enter your maximum bid
and then sit back and watch. When you
enter a proxy bid amount, the LiveAuctions
system automatically bids on your behalf up to
your maximum bid. If the lot closes out
for less than your maximum, that's all you'll
have to pay. This means that you don't
have to keep coming back to re-bid every time
another bid is placed. This makes it more
convenient and less time consuming. Your
maximum amount is kept confidential from other
bidders and the seller. Even though you
can see this amount on your screen, no one else
can.
The LiveAuctions system compares your bid to
those of the other registered bidders and the
system automatically places bids on your behalf,
using only as much of your bid as is necessary
to maintain your high bid position.
The system will bid only up to your maximum
amount as necessary to maintain you as the high
bidder. If another bidder has a higher
maximum, you'll be outbid and the system will
tell you that 'YOU'RE OUT." However, if no
other bidder has a higher maximum, you win the
lot.
|
|
|
       |
 |
|
