- I must receive your BOOMERANG
AUCTION BID SHEET by
midnight on 1 November 2008. The earliest bid
(based on email or postmark date) breaks all ties. I
will mail out summaries of current winning bids up to,
but not including the final bid date of 1 November
2008. You are expected to purchase the auction items
that you win and to make payment within two weeks
after receiving your invoice or the boomerangs you won
will be offered to the other auction participants.
Please use conditional bidding to make choices and to
set spending limits.
How To Bid on Auction
Items
-
- If you plan to bid on only a few auction
items, please make up a small list of item numbers,
bids, and conditions and email your list to: Ted
Bailey. I would prefer that your bids be part of
the body of the email, rather than in an attached MS
Word document. If you plan on submitting lots of bids,
it is OK to attached a document with your bid sheet or
you can print out and mail a copy of the INTERNET
BOOMERANG AUCTION BID SHEET by postal mail to the
address at the bottom of this web page.
-
- You may make up to three bids per
boomerang. Your lowest bid that exceeds any other
bidder's highest bid wins. All bids must be to the
nearest whole dollar.
Example: There are four bidders for boomerang #39. The
low, middle and high bids for each are:
Bidder #1: $5 $11 $15
Bidder #2: $10 $16 $22
Bidder #3: $2 $5 $8
Bidder #4: $3 $8 $12
-
- The middle bid for bidder #2 is $16. This
is more than bidder #1's highest bid of $15.
Therefore, bidder #2 wins with his middle bid of $16.
This method of bidding provides each bidder with an
opportunity to obtain the boomerangs he/she wants
without overbidding on anything.
You may also bid conditionally, such as: "only one of
either item XX or YY" or you can set a dollar limit
for all of your bids and specify an order or priority.
I will let you know if your conditions are too
complicated for me to follow. In addition, you will
have an extra safeguard such that your winning bid
cannot exceed the next highest bid by more than 10%.
Therefore, if you bid $200 on a really nice boomerang
and the next highest bid is $100, then you win the
bid, but you only owe $110.
-
- During the bidding period (1 September
-> 1 November), I will email periodic (weekly?) bid
updates to current high bidders. The last email update
will be on 31 October 2008. The last day of bidding (1
November 2008) will be silent. I will get up early on
the morning of 2 November and retrieve all final bids
from my email. You may adjust your bids as often as
you like until bidding is complete.
-
- Bid what you are willing to pay for an
item. The most successful bidders use conditional
bidding. Conditional bidding allows a bidder to win
one or two items from a group of several boomerangs,
then their remaining bids drop out for others to win.
You can also set a total spending limit and list an
order of preference for the boomerangs that you wish
to win. This allow you to bid on a large number of
boomerangs without worrying that you will win too
much. You may not change your conditions or bid limits
after the bidding has ended. You may not set a
condition that you will choose among the boomerangs
that you won after the auction has ended. If you use a
condition that you want X number of boomerangs from a
select group and you do not specify the specific
order, then the choice of which items you win will be
that of the auction management.
-
- If you see a boomerang with a bid that
exceeds the price that you are willing to pay, you can
still place a bid on it and have a chance at winning
that item. In each auction, there are a lot of
conditional bids that drop out at the end of the
auction. Sometimes several bids drop out and a lucky
bidder wins a great boomerang at a bargain basement
price.
-
- Some of the auction numbers may have
multiple identical items. At the end of the auction,
the winning bidder has the option to purchase as many
of the items as he wishes, each at the winning bid
price. If the winner does not choose all of the items
then the second place bidder wins the next entry at
his/her winning bid price and so on until all items
have been sold.
-
- All bidding must be in USA currency in
whole dollar units (no cents). If you do not live in
the USA, then payment must be in USA currency and
payment must be by international postal money order
negotiable in a USA bank or a certified check drafted
on a USA bank. I will try to arrange for you to make
payment to someone in your own country to save you
both time and money. Personal checks from Canada (in
USD) will require a $1 surcharge. If you have any
questions about how to make payment, contact:
Ted
Bailey or visit:
-
- http://www.flight-toys.com/how_to_order.htm
-
- You will be expected
to pay the actual shipping charges for all boomerangs
that you win. The flat $5 shipping charge for
catalog sales to a USA address is not valid for
auction sales. If you want guaranteed shipping, I
recommend that you pay for postal insurance if sent to
a USA address or package registration if sent to an
overseas address. Payment must be recieved before
shipping. Please plan on shipping costs when you bid,
especially from an overseas address.
-
- All bids must be emailed to: Ted
Bailey or sent by postal mail to the following
address:
-
- Ted
Bailey
- 3245 Edgewood
Drive
- Ann Arbor, MI
48104
-
- You may email or call Ted
Bailey with questions at reasonable hours on
weekdays or weekends at: (734)-971-2970
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