The e-auction is a way of selling, as explained here by cgb.fr.
The purpose of this way of selling is to enable the price of the item to be sold to be determined by the participants.
Each participant makes a bid for the item by stating the price that he or she wishes to pay.
The person who makes the highest bid is the winner and only pays the amount of the bid that is lower than his or her bid increased by the amount of a single incremental bid.
For example: if two participants make a bid for the same item and the first one bids 170 euros and the second one bids 110 euros, then the first participant will obtain the item for 115 euros (110 euros plus the incremental step of 5 euros).
You can access the current e-auction by clicking on the following link:
http://www.cgbfr.com/eauctions.html
If you do not have an account, you will need to create it by following this link: http://www.cgbfr.com/acces_compte.html
You will then need to wait for us to validate your account (expect to wait for a maximum period of 48 hours so do not wait for the last days of an e-auction sale before registering).
When you have connected to your cgb.fr account, all you have to do is go to the e-auction section at http://www.cgb.fr/eauctions.html and click on the information sheet for the item that you are interested in, enter the amount that you are prepared to pay for the item and click on bid.
A validation window will then appear requesting that you confirm your bid by clicking OK.
Check the amount carefully because once you have confirmed it your bid cannot be withdrawn and you will be contractually committed to buying the item if you are the winner of the auction sale.
We advise you to enter the maximum amount that you are prepared to pay for the item. The e-auction system at cgb.fr will compare your bid with the other bids throughout the auction sale and will continue the bidding process on your behalf.
If another participant makes the same bid as yours but yours is made first, you will be the winner. You therefore have an advantage if you enter the amount that you would be prepared to pay for the item at the very start of the auction.
If another participant makes an offer higher than yours during the auction sale, and if you have not deactivated the e-auction email alerts, you will receive an email to inform you that your bid is no longer the highest and you will then be able to make a higher bid, if you wish.
You can bid either by using the information sheet for the article or your e-auction dashboard.
The e-auction system at cgb.fr makes bids automatically to ensure that your bid is always the highest until your maximum bid price is reached.
Therefore, if no other participant makes a bid that is higher than yours, you will obtain the item for a price that may be much lower than your maximum offer.
When you use the maximum bid process you are not obliged to remain connected to the cgb.fr site.
http://www.cgbfr.com/mes_eauctions.html
When you bid on an item it will automatically be added to your dashboard.
You can stop email alerts by going to your account at:
http://www.cgbfr.com/compte.html
Tick the box: I do not wish to receive email alerts.
| From | To | Incremental Step |
|---|---|---|
| 1 | 49 | 1 |
| 50 | 99 | 2 |
| 100 | 199 | 5 |
| 200 | 499 | 10 |
| 500 | 999 | 20 |
| 1 000 | 2 999 | 50 |
| 3 000 | 4 999 | 100 |
| 5 000 | 9 999 | 200 |
| 10 000 | 19 999 | 500 |
| 20 000 | 49 999 | 1 000 |
| 50 000 | 99 999 | 2 000 |
| 100 000 | 199 999 | 5 000 |
| 200 000 | 499 999 | 10 000 |
In order to be successful, your maximum bid only has to be one euro higher than the maximum offer of the other participant who has made the next highest bid. Therefore, the incremental step is therefore not systematically fully added to the next highest bid when the two participants concerned use the maximum bid process.
The item description shows the current price reached, but never the maximum bid of the current winner.
Choose your username carefully. It will appear on the item information sheets when you have made a successful bid.
As soon as we receive payment, we will dispatch your purchases.
The only charge made after the sale is 9 euros for postage to an address in mainland France and 18 euros for postage to a foreign country.
This charge is only included once for each sale, so if you obtain several items in the same sale you will only pay one postage charge, as you would for a shop order.
For e-auctions there are no hidden charges for the buyer to add on the final sale price.
18% buyer's fees are added to the final amount only for Live Auctions and internet Auctions.
Once you have placed your order, send an email to contact@cgb.fr
indicating the number of your order and asking to group it with your e-auction order .
cgbfr.com numismatists
