Hofmann Simmental Farms Buy Your Way Bull Sale
2010
SALE FORMAT
Every bull in this catalog is designated for sale in one of two ways:
1) Limited/Silent auction with a beginning floor price, or 2) Private Treaty, on
a first-come, first serve basis at a set price
The sale designation is listed with the beginning auction price (marked
‘auction’) or private treaty price (marked ‘private’). The price
boxes of the private treaty bulls are shaded in gray. Private treaty bulls will
have purple tags; silent auction, orange.
Place your bids by phone, internet/email or in person. No bids will be accepted
before 10:00 am, Saturday, February 27.
Find the auction link on our website at www.honestbulls.com. Registration with
the auction site is required before bidding is allowed. Regardless of how you
place your bid, all bids and private treaty sales will be published online
(anonymously) for official documentation. Online bidding will be conducted
similar to eBay or other online bidding sites, wherein you may place your
maximum bid and allow the software to bid on your behalf up to your maximum
(proxy bidding).
The minimum bid increment is $50.
Internet bidding/buying on all bulls closes Thursday evening at 8:00
pm, CST. (Bids will still be accepted by telephone or in person and
private treaty bulls will still be available for sale after that time) A sale
order for the limited/silent auction closeout will be available, and posted
online, Friday morning. Final closeout beginning at 1:00 Saturday at the farm.
Maximum internet bids will be used against the live crowd on closeout day, so it
is important to note that a high internet bidder could be outbid at closing. To
prevent live sniping, we will always give the contending bidder the option to
increase their bid before selling the bull. If you would like to be on the phone
to bid on particular lots during closeout, please let us know by Friday morning,
if possible, and we will make arrangements.
A bid sheet will be posted for each lot on closeout day with either the base
price or previous (online & live) bids noted. (Proxy bids will remain hidden to
everyone except sale staff who will bid on your behalf) Bulls will be sold
according to our sale order.
At the conclusion of the auction, BIDDING HISTORY WILL BE MADE AVAILABLE TO
BUYERS ON THEIR PURCHASES (upon request) to ensure the integrity of the bidding
process. It is critical to us that buyers know their bids are being handled
honestly and transparently.
Please call us with any questions you may have.
REWARDS FOR EARLY BIDDERS & BUYERS:
In an effort to simplify closing day and avoid some of the frenzy that can occur
with a traditional auction, we are offering a 5% discount* for buyers who place
bids by 2:00 pm, Tuesday, March 2. This discount also applies to the bulls sold
at private treaty
during the first half of the week.
[*Discount is up to 5% of your total bids (highest bids on individual bulls,
combined) made during the first half of the week, but not to exceed 5% of your
total purchase price. Discounts may be transferred to bids placed in the second
half of the week if a bidder’s early choices move above their price range.]
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