How our Mail Bid Sales Work

 

We hold a Mail Bid Sale each week. We print a catalogue and also show the lots on this site.

 

Every lot is guaranteed. We don’t quibble, if you don’t like it please send it back (see our Mail Bid Sale T&Cs for time limits and other helpful information)

 

Each lot is sold with a 17% Buyers Premium which is inclusive of an amount in lieu of VAT. Please note that this is lower than the 22% buyers premium in our Public Auctions.

 

Our weekly Mail Bid Sales do not have a room with bidders like our Public Auction; instead we accept bids by mail, email, fax, telephone or online and it's all administered from our offices with lots being mailed to the winners from all over the world quickly and efficiently (we think we have the best shipping department of any stamp auction firm, anywhere)

 

At the sale close time the highest bid is reduced to one bidding step above the next highest bid, or if there are no other bids the lot is sold at the reserve price. The same principles that a regular public 'room' auction is based upon.

 

Here are 3 typical examples of how the bidding works:

 

1) Your bid is £100 on a lot which we've estimated at £100 - £120

The lot has a reserve price of £80

2) Another bidder bids £90

3) You win the lot for £91.

 

Another example:

1) Your bid is £100 on a lot which we've estimated at £100 -£120

The lot has a reserve price of £80

2) Another bidder bids £200

3) That other bidder wins the lot at £105. So you don't win the lot, better luck next time.

 

Another example:

1) Your bid is £100 on a lot which we've estimated at £100 -£120

The lot has a reserve price of £80.

2) There are no other bids.

3) You win the lot for £80.

 

The selling is achieved using a program and the only interventions made by us is if we are undertaking any special instructions on behalf of a bidder (see below).

Unlike other sales which are totally online (we also publish a matching printed sale catalogue) we do not show ‘live’ bidding online nor do we disclose current bids to third parties for the following reasons:

-It allows you to give us complex instructions regarding your total spending limit in one Mail Bid Sale

-If your spending limit is reached you can tell us the order in which you would like your bids applied so you have a better chance at winning your favourites

-It allows you to bid on two or more similar lots but to give us an ‘either / or’ instruction, so you only win one lot.

-It allows you to cancel your bids at any time prior to the auction close.

-It maintains the confidentiality of your bids and purchases

-Also our many non-web clients (clients who still bid by post, telephone or fax) would be disadvantaged compared to web clients if we posted current bids online.

 

If you have authorised us to charge your credit card number we will despatch your lots within 48 hours of the sale close time. If not, we will send your invoice including the buyers premium and shipping charge within a few hours of the sale close time.

 

We will not publish details what was paid for a lot to any third party unless that party also bid on the lot (succesfully or otherwise) or we have obtained permission from the winning bidder to release that information.

 

 

 

 

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