Bid price

Bidding starts at 50% of the wholesale value of the item. Bidding increases in increments equal to 10% of the value . If someone bids the “guaranteed bid price” which is 75% of the estimated retail price the bidding stops and that bidder wins the bid (guaranteed 25% savings off retail!!). THE AUCTION BEGINNING AND STARTING TIMES ARE 10am Eastern Standard time AND DATES WILL VARY FOR EACH ITEM

Example:

Starts: March 1st 2007 10am est

Ends: March 5th 2007 between 10am & 11am est at sellers discretion

Item description: Remora Shark 20"

Estimated retail value (200% to 300% of wholesale): $200

Estimated wholesale value: $100

Minimum bid (50% of wholesale /75% of retail): $50.00

Bid increments (10% of retail) : $20

*Guaranteed bid price (75% of retail value, guaranteed savings 25%): $150

Item description: _____________________________________________

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Estimated retail value: $________________ (200% of wholesale)

Estimated wholesale value: $_________________

Minimum Bid: $______________ (50% of wholesale)

Bids increments: Minimum increase of $ __________ (10% of retail)

* Guaranteed Bid Price: $_________________ (75% of retail value)

*When you email your bid you will receive a unique CONFIRMATION CODE to TRACK your bid status on-line