Page 7 - Okaka Angus Sale 2021 ebook

A live screen on the website will show all lots alongside their
current prices and the buyer number of the bidder who holds
that lot.
Bids will be displayed on a computer or smart phone screen in
the following colours: A live screen on the website will show all
lots alongside their current prices and the buyer number of the
bidder who holds that lot.
On-farm attendees will be able to view on a big screen on site.
Bids will be displayed on screen in the following colours
EXAMPLE:
$2500 Displayed in Red denotes the Vendor’s reserve and indi-
cates there has been no bid
$3000 Displayed in Blue means an active bid has been received
$3500 Orange highlight indicates a new Bid has been received
within the last 2 minutes on this lot
$3500 The holder of the leading bid will have the lot number
highlighted in green on their computer or their smart phone

The sale will run until 1.30pm, 11th June 2021. After this time
the sale will conclude once there has been a period of at least
2 minutes without a bid being received on any lot. If another
bid is placed on any lot during the 2-minute period, then time
is extended and bids can be received on all lots for a further 2
minutes.
This process will be repeated until a clear 2 minutes passes
without any bids on any lot at which time the sale will conclude.
Final Time will be called clearly by the commentary team who
will use their discretion to ensure all bidders are satisfied.
All updates will be posted on the website, as will an up-to-date
version of this document.

REBATE PURCHASING COMMISSION
There will be no booking company in attendance and all pur-
chasing companies will be responsible for booking of their own
clients’ purchases.
1. 7% rebate commission paid to the nominated buying com-
pany, provided the vendor is advised of the purchaser’s
intention to buy prior to the commencement of the on-farm
sale, or before the purchaser commences bidding online.
2. 3% rebate commission paid to the nominated buying com-
pany when the vendor has NOT been advised of the pur-
chaser’s intention to buy prior to the commencement of the
on-farm sale, or before the purchaser commences bidding
online.

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