What is the cost to consign to the auction?
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There is no charge to enter an animal/item in the sale. 10% of the sale price is charged as commission on all sold animals/items. There
are no entry fees on animals/items. There are no fees on animals/items that didn't sell before, during, or after the sale ended or from not being discovered
at LivestockCity.
What methods of payment are accepted for purchases?
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All payments are made through Stripe payments and there is a 3% processing fee on all purchases. Stripe accepts all credit cards.
Are there any guarantees for the animals or items in the sales?
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It's impossible for LivestockCity to offer
guarantees on animals/items in the sales.
Bidders are strongly encouraged to do research
on the animal/items that interest them, ask
the seller questions, etc.
My animal/item didn't sell during the auction,
but one week later, I was contacted by someone that
said they saw the animal/item on LivestockCity
website or content post, and they purchased the
animal/item. Is commission due?
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In this case, yes, because the sale occurred
as a result of being in our sale, per our Terms And
Agreement. Any sale that happens from exposure
that LivestockCity provided would constitute
commission due.
What is a proxy bid?
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A proxy bid is a maximum price you are willing
to pay that you can enter in advance. The
auction platform will bid on your behalf, using the
minimum amount needed to win. Once the amount
is reached, your bids will end.
What is a reserve price?
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A reserve price is the minimum price a seller
will sell an animal/item. They are not required,
but they do protect the seller from selling an
animal/item too cheaply.
How do proxy bids work when there are reserve prices?
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When a buyer enters a proxy bid, they are
willing to bid up to that amount. When a seller
enters a reserve price, that is the minimum price
required to win. During the auction, if the
bidder enters a proxy bid, (an amount higher than the
current bid, if any), that amount is compared to the
reserve price. If the reserve price has already been
reached, the minimum amount required to win will automatically
bid on buyer's behalf. If there reserve has not been
reached and the proxy bid is lover than the
reserve, the entire proxy amount will be bid.
With one minute left in the auction,
I placed a winning bid. When the timer
ran out, the auction did not end-it
extended-why is that?
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Any time there is a bid submitted
in the final few minutes, the auction
automatically extends for 5 more
minutes. The reason is to prevent
"sniping", where bidders wait until the
last second to submit a bid in hopes of winning
without a bidding war. We don't believe
the winner should be determined by who
has the faster click, but by who wants
the animal/item the most.
Can I bid on my own animal/ item?
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Sorry, you cannot bid on your own
consignments. The auction site is set up
to prevent this.
I won but didn't
pay fast enough and now the payment period has ended.
I can't send payment. What can I do?
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If you missed the 48 hour payment period, you are NOT necessarily free of obligation to buy, as it is a legally binding agreement.
The seller would have options: 1) They have the right to legally enforce the purchase 2) They can allow you more time to pay (commission would still be
charged to the seller), or 3) The seller can free of you obligation and consider another buyer's offer.
Where can I see the auction rules?
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The auction rules are included in the
Terms and Conditions for the site. There are terms specific to the
auction in a separate section for auctions.