Page 2 - Stern Angus ebook

Bid on-farm or bid on-line

Introducing the bidr Hybrid Auction

Our on-farm sale will be held in conjunction with bidr as a Hybrid auction. Hybrid auctions allow an auctioneer to have
full control of the sale - with bidr® acting as an online bidding clerk. With our livestream video link, online bidders will
be able to watch and hear the action from the rostrum.
To find out more, go to www.bidr.co.nz/content/auction-formats

How does it work?

step The auctioneer will instruct bidr step The bidr “Market Operator” will call
1 to open the lot for online bids to 4 all online bids to the auctioneer as

they are received
be placed

step The bidr “Market Operator” will step When no more bids are received, the
2 update all bid increments, as 5 the sale, and move onto the next lot in
auctioneer will close the lot to confirm
determined by the auctioneer
the sale catalogue

step An on-site “bidspotter” will place
3 all on-site bids in bidr to ensure NZ’s VIRTUAL SALEYARD
that remote bidders are seeing the
current price in real-time www.bidr.co.nz | 0800 TO BIDR

Why use a Hybrid auction

for an on-farm sale?

To find out more,
Maximise buyer reach go to www.bidr.co.nz
Allows buyers the ability to attend the auction on-site or or contact the bidr team
bid from the comfort of their own home. on 0800 TO BIDR
(0800 86 2437)
Real-time bidding

Have confidence in knowing that all bids are placed
through our real-time auction platform – no long delays fb.com/bidrnz
or latency. instagram.com/bidrnz

NZ’s VIRTUAL SALEYARD | www.bidr.co.nz | 0800 TO BIDR

2

BIDR (0800 86 2437)