HELMSMAN AUCTION SYSTEM

Helmsman Auction System

This method of buying rams combines the good features of both the auction system and sale by private treaty. You get the opportunity to bid on and buy any ram in the offering and you pay competitive market value without any pressure.

How It Works

  • On arrival, the intending purchasers register at the bid table and receive a buyer number. All rams are displayed for inspection as usual, with relevant information provided in the catalogue. When the sale commences, all rams are on the market simultaneously. Your may bid on any ram, regardless of lot number, by filling a card and handing it to a ‘runner’.
  • You may open the bidding according to the opening pen price as displayed and further bids in multiples of $50 will be accepted. There is no upper limit on the size of bid.
  • Bids are recorded with the buyer's number on a large board adjacent to the ram display area. You can bid on any number of rams at once and can see at a glance whether your bid still stands or has been overbid.
  • There is no pressure to commit yourself to another bid. If your first choice ram goes over the limit you can still bid on all other rams in the sale.
  • A bid once submitted and recorded cannot be retracted and the person responsible for submitting such a bid will be responsible for it until it is overbid.
  • The sale will remain open for a minimum of one hour. A bid registered in the last three minutes will result in a three minute time extension.
  • Further bids would trigger the same process until no more bids are received in a specified period, which would signify the end of the sale. (Note that the bidding interval may remain at three minutes throughout or may be shortened progressively to help conclude the sale).

The Benefits

  • You have more time to consider lodging a bid. You can place genuine bids on any ram of your choice at any time during the sale period.
  • You have the opportunity to re-assess each lot during the sale period without any pressure to make an instant decision.
  • You have the opportunity to take home the rams you want, irrespective of lot order. For example, having been out-bid on lot 26, your first choice, you can move back to your second choice ram earlier in the catalogue, for example lot 7.
  • When you are buying multiples or groups of rams, Helmsman gives you flexibility and time to average your purchase costs.

Share by: