Page 6 - tn8001

The Rules Of_T_Ja_e_A_u_c_t_io_n _____ _

Live Auction Silent Auction General Rules

l . The live auction will begin at 9:00 p.m. and will run l The silent auction will begin at 6:00 p.m. and will l . The Boys' & Girls' Club requires that all prizes be
to approximately 11 :00 p.m . It will consist of the consist of written bidding on approximately 400 paid for in full at the auction. Payment may be
voice auctioning of Items I through 35 in the order items posted on the bid boards along the walls. Ten made by cash, check, BankAmericard, VI SA, or
they appear in this catalogue and in the addendum. groups of bid board items are listed in this Master Charge.
2. All bidding at the auction will require a bid number. catalogue. Additional items will be added to group 2. Unless otherwise specified, all auction items and
Your persona I bid number is located on the back of 10 and w ill be listed in the addendum, published just services must be used within one year from June 14,
your catalogue along with your registration cer - before the auction. 1980. Unless otherwise specified or stated by donor, ·
tificate. Fill out your registration card in advance to 2. Each item can be located according to its group all items are transferrable from the winner to
avoid congestion at the entrance on the auction number. Bids will be accepted on each item until the another person.
evening. A bid card is required for all bidding and board closes. The following are the closing times : 3. According to the Internal Revenue Service, only the
purchasing of items. Group l Items 101-136 Closes 7:20 amount paid for an auction prize "in excess of the
3. During the live auction, when you want to bid on an Group 2 Items 201 -236 Closes 7:40 actual cash value of that prize" is tax deductible. A
item, wave your pom-pom as frantically as possible Group 3 Items 301 -336 Closes 8:00 written receipt indicating such an amount, for tax -
to attract the auctioneer's or spotter's attention . If Group4 ltems401 -436 Closes8:20 purposes, will be issued to you after the auction at
you win an item, immediately announce your bid Group 5 Items 501 -536 Closes 8:40 your request. i
number to the auctioneer or spotter and remain in Group 6 Items 601 -636 Closes 9:00 4. All sales are final. However, the Boys' & Girls' Club
your seat. Group 7 Items 701 -736 Closes 9:20 will refund the full purchase price of any item where
4. A "runner" will bring a sales slip directly to you-, in'- Group 8 Items 801-836 Closes 9:40 there is a failure of performance either on the part
dicating the prize you have purchased and the Group9 ltems901 -936 Closesl0 :00 of the Boys' & Girls' Club or on the part of the donor.
amount of your winning bid . You may wait until the Group 10 Items 1001 -1036 Closes 10: 20 5. All winning bidders are to report to the cashier's
ehd of the evening and pay for all your purchases at Group 11 Items 1101 & Up Closes 10 :40 table to pay for the items and to claim their prizes. -
one time at the cash table. Any bidder not making arrangements for payment
5. All items are subject to the 6% California sales tax 3. All items in the silent auction have bid sheets at- at the cashier's table by 12:30 a.m. may, at the
which will be added to the amount of your purchase. tached or affixed nearby . Persons desiring to bid discretion of the Boys & Girls Club, forfeit his right
must do so by legibly writing their name, bid card to purchase the item and it will be made available to
number, and the amount of the bid on the bid sheet. the next highest bidder.
Any bid without a bid card number wil! be
automatically disqualified. At the time of the 6. All items should be removed from the premises on
the night of the auction . In the event you cannot
c I osi ng of the pa rticu I ar group of si I ent auction
remove your purchases that evening, then you must
item s, there may be held a mini -live auction in the
do so between 12 noon and 5 p.m . on Sunday , June
event t hat two or more persons are bidding on an
item, see below. 15, 1980. If you wish to do otherwise, prior arrange-
ments must be made by either the purchaser or the
4. Each bid sheet notes a minimum value by which the donor.
existing bid must be increased in order to constitute
a higher valid bid .'Each new bid must be written on
the uppermost blank line available on the bid sheet.
5. All bids must be in even dollar amounts (no cents) .
Any bid which includes cents w ill be automatically
disqualified. Additions
6. The bid boards will be closed approximately at the
times stated here in the catalogue. However, the of-
ficial closing w i ll be that time when the Boys' & and
Girls' Club Official actually removes the bid sheet
from the board . Corrections
7. In the event that bidding is still in progress when the
Boys' & Girls' Club Official attempts to close the
board , the Official shall conduct a mini-live auction
on the spot allowing all persons wishing to bid to do
VISA& so and shall determine the w inning bidder, subject This catalogue contains only those items available
to rule 8 below. at the time of publication. A special addendum , The
Captain's Dinghy, to be published and given to each
8. After the bid board is closed, the bid sheet w i II be
MasterCharge Accepted taken to the item verification table. At this time, the guest at the auction, will list an additional group of
validity of all bids will be verified (bid number, even bid board items. The addendum will also list all
corrections and deletions necessary for any item
dollar bids, minimum increase, etc .) The highest published in this catalogue.
Master Charge, VI SA, BankAmericard cards wi II be valid bid will be declared the winner and the
accepted at the auction for all expenses and purchases, decision of the official will be final. Shortly after the
including admission catalogues, bar and raffle tickets, board is closed, an official shall post the bid number
and for the purchasing of all auction prizes. of the winning bidder on the board.