Toad Town Live Auction General Information Guide

[Alexander of ATL.]

The Toad Town Live Auction House
Atlantic



Thank you for taking the time to read over the Toad Town Live Auction's General Information Guide. This guide will help you learn the week-to-week functions of the live auction.
The Auction House, located outside the Luna North Gate, is part of a growing township that has a history spanning from 2010 to the present day.
If there are any questions, feel free to reach me at any of the following:

Discord: alexanderofatl.
Stratics PM: Alexander of ATL.






Toad Town Auction House Rules & Information

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Expectations for Auction House Guests

Bidding

• No False Bidding! If A Bid Is Placed And That Bid Is The Winning Bid, You Are Expected To Pay For That Winning Bid!!
• After Winning A Bid, Open A Trade Window With The Auctioneer To Pay For And Receive The Item(s)
• Bid Increments Are:
  • 0-20M = 1M increments
  • 20-200M = 5M increments
  • 200M+ = 10M increments

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Lottery

• The Item For That Weeks Lottery Is Displayed On The Table In Front Of The Lottery Vendor
• Tickets Are Available On The Vendor Next To The Lottery Item. Tickets Can Be Purchased During The Duration of the Auction.
• Fifty (50) Possible Tickets Will Be Available For Purchase. These Tickets Can Be Found On The 'Lottery Vendor' Inside The Auction Floor
• Five (5) Additional Tickets Will Be Distributed As Give-Aways Goodie Bags During The Live Auction
• A Winning Lottery Number Will Be Generated By A Lucky Dealer! The Person With The Correct Winning Number MUST Be Present To Win
• More Information Available (white book): Lottery Game Information & Helpful Guide

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Trivia

• There Will Be Three (3) Opportunities For Trivia At Each Auction.
• Trivia Questions Will ONLY Include Ultima Online Topics
• The Winner of Each Trivia Question Will Be Presented An Option Between Multiple Chests.
• The Content of Each Chest Is Unknown. The Chest Chosen By The Trivia Winner Will Be Entitled To Its Contents.

Item List Distribution

• Item Lists Are Available To All Participants Via The 'Book' Steward! Simply Say 'book' And One Will Be Placed In Your Backpack

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Casino

• Available Thirty (30) Minutes Prior To The Scheduled Auction Time
• More Information Available (white book): Casino Information & Guide

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Darts

• Available Thirty (30) Minutes Prior To The Scheduled Auction Time
• More Information Available (white book): Casino Information & Guide

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Early Bird Specials!

• Begins Thirty (30) Minutes Prior To The Scheduled Auction Time
• Items Auctioned Are Not Part Of The Scheduled Auction List Program
• Item Submitted Past The Cutoff Time May Be Auctioned Here. There Are No Guarantees Your Item Will Be Auctioned

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Auction Frequency

• Auctions Are Every Sunday Unless Otherwise Stated And Submission Cutoff Time Is That Thursday Or Three Days Before The Scheduled Auction Date
• Auction Starts At 3PM Eastern. Gates Will Be Provided In Luna Starting At 2PM Eastern
• On Occasions That The Auction Schedule Conflicts With A National Holiday - There Will Be No Auction That Day

Trolling & Banishments

• No Tolerance For Trolling! Anyone Found To Be Trolling Will Result In Immediate And Permanent Banishment From The Auction House
• Temporary Banishment Will Be Given On First Offense Violations Unless Otherwise Stated. Temporary Banishments Will Last One Month
• Secondary Offense Violations Will Result In Permanent Banishments! Permanent Banishments Are Indefinite
• In Times of Special Events That The Toad Town Auction House Is Affiliated With, Banishments Will Remain And No Pardons Given

Proxy Bidding

• Auction House Guests Who Cannot Make The Scheduled Time of the Auction Can Request A Proxy Bidder Through The Auction House.
• Proxy Requests Must Be Made Within 24 Hours of the Scheduled Auction Time
• Auction Guests Who Utilize The Proxy Bidding Tool Are Expected & Required To Pay For Any Won Items. Not Doing So Will Result In An Immediate Termination From The Auction House
• If There Is Not An Established Financial Relationship Between The Guest and the Auction House, The Guest Must Pay Their Proxy In Advance. If The Proxy Does NOT Win The Item Lot For The Guest, All Funds Will Be Returned

Expectations for Auction House Patrons

Submitting

• There Is An Item Limit Of 50 Items Per Auction. To Minimize Time, No Submissions Are Allowed After Such Limit Has Been Reached
• Submitting Item(s) Should Follow The Guide Placed In The South East Corner of the Auction House. (purple round bag)

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• To Submit An Item To The Auction House, Hand Item(s) ONLY To Alexander (Toad) Or Simply Place The Item(s) In The Auction House Mailbox

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• If A Submission Is Made To The Mailbox, It Is Understood That The Submitter Has Read And Understands All Expectations From The Auction House.

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• If A Submission Does Not Have A Start Bid Or Indication Of A Start Bid, The Item Will Be Returned And Not Be Auctioned
• Individuals Are Allowed A Default of 5 Entries Into the Live Auction. This Is To Make Sure Everyone Has An Equal Opportunity To Auction Items
• A Person May Submit Additional Item Lots Past The Allowed Five With Additional Commission Applied
  • 6-7 Items Submitted: +1% = Total: 8% Commission
  • 8-9 Items Submitted: +3% = Total: 10% Commission
• The Live Auction House May Facilitate Larger Sales or Estate Sales
  • 10-15 Item Submitted: +5% = 13% Commission
  • 16+ Items Submitted: +8% = 15% Commission
• Auction House Patrons Are NOT Allowed To Bid On Their Own Items. Doing So Will Result In The Item Lots Being Returned & The Owner Refused Service At Future Auctions
• As Auctioneer, I Reserve The Right To Reach Out To Patrons If I Feel An Item Is At Risk Of A No Sale
• For An Item Lot To Be Submitted, The Value of The Item or Item Lot Must Be At Least 100M. If The Item Lot Does Not Meet This Value Requirement, The Item lot Will Be Returned. Per Discretion of the Auctioneer.
• If An Item Does Not Meet The Required Value of 100M, It Can Be Grouped With Other Items Until Such Value Has Been Achieved
• The Auction House Will Take A 7% Commission Charge On All Sold Items

AUCTIONS ARE EVERY SUNDAY AT 3 PM EASTERN TIME
GATES WILL BE PROVIDED FROM LUNA STARTING AT 2 PM EASTERN​