Dutch auctions are new to the violin market so we’ve put together a short video tutorial to guide bidders through the Dutch auction process. With our video tutorial you can:
• Learn how to request pre-approval to bid on Dutch lots
• Watch a tutorial Dutch auction
• Learn how to place your bid
FAQs
What happens after the first bid is placed?
The descending price freezes and no more bids are accepted. It is sold for the amount of the first bid.
How will I know when to bid?
When the price reaches the amount you want to bid, click “Place a bid” to enter your Bidder ID and Password. The price will continue to descend until you click “submit.” Beware of waiting too long, though; it can be sold at any moment!
Is there a Buyer’s Premium in a Dutch auction?
Yes, the normal buyer’s premium applies to dutch auctions.
Is Pre-approval Required?
Yes. And to allow us time to process your request, please submit pre-approval as far in advance in possible, even if you won’t be interested in bidding until the price gets low.
How can I be sure I am the high bidder?
Your Bidder ID will appear on screen and you will receive a confirmation email from Tarisio.
How will the price descend?
The price will descend at a continuous and constant rate until the lot is purchased. The speed will be unknown until it begins, but it will be slow enough to make the process interesting!
