Internet & Live Auctions
The live-auction is a new way of selling, as explained here by cgb.fr.
The purpose of this way of selling is to enable the price for 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 last bid that is lower than his or her bid plus 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).
At the end of the sale an item will close every 20 seconds. Every bid recorded during the last 15 seconds will set the timer at another 15 seconds offering collectors a last chance to raise their bids. You can access the current e-auction by clicking on the following link:
http://www.cgbfr.com/live_auctions.html
In order to participate in the live auctions, if you already have an account and have already made purchases from our e-shops, all you have to do is add a username to your account. Choose your username carefully. You can only have one username.
If you do not have an account, you will need to create one by following this link: http://www.cgbfr.com/acces_compte.html
You will then need to wait for us to validate your account , which could take up to 48 hours. (Do not register your account during the last few days of a live auction sale because you may risk not having your account validated on time). Do not hesitate to contact us at live@cgb.fr if you need help participating.
When you have connected to your cgb.fr account, all you have to do is go to the live auction section at http://www.cgb.fr/live_auctions.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Check the amount carefully because once you have confirmed it your bid cannot be withdrawn and you will be contractually committed to buying the item if you are the winner of the auction sale.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.
http://www.cgbfr.com/mes_live-auctions.html
At the end of the sale, the live auction will begin and you can bid on the items you are interested in if you are outbid by another buyer.
The live 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_live-auctions.html
When you bid for 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 participant who has made the next highest bid. The incremental step is therefore not systematically 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.
When the sale starts closing you will have access to the live mode. Each item will be presented for 20 seconds and you can start biding on the item that you want. If a bid is placed in the last ten seconds , the sale is restarted for another 15 seconds giving everyone the chance to bet again.
Bidding at the last moment of an auction sale is risky because the time it takes for bids to be recorded can vary, depending on the number of participants, and therefore you may lose because your offer is not received quick enough.
If you wish to obtain an item, we advise you to use the maximum bid process and bid the maximum amount that you wish to pay for the item as early as possible.
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.
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.
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 live auction order .
cgbfr.com numismatists
