Your bid is a contract

All bids placed on the charitybuzz® Auctions website are legally binding. If you are the successful bidder, you will enter into a legal contract to purchase the item and will be considered the buyer of the lot.

Steps to take before you place a bid:

• If you haven't already, register for an account.
• Browse the website for items of interest.
• Once you have clicked into the lot description page, the "Place a Bid" box will appear on your right.
• You must be logged into charitybuzz.com in order to bid. You will see the Current Bid and the Minimum Next Bid. To bid this amount, simply click the "Bid Now" button. A "Confirm Your Bid" box will appear confirming the Bid Price. If okay, hit Confirm. From here you can Return to Auction, check Your Active Lots, or Log-Out.
• Due to the charitable nature of this auction, charitybuzz® has waived all buyer's premiums, commissions and fees.
• If you have been Outbid, you have the opportunity to continue bidding. You will also be notified by email.
• Overtime or "Popcorn" Bidding: Bids placed within 10 minutes prior to a lot's scheduled closing time will extend the closing time on that lot an additional 10 minutes. All lots will close when there have been no bids placed within the last remaining 10 minutes.

Bids are a binding contract. If you have any questions on any terms and conditions, we encourage you to email info@charitybuzz.com or call (212) 243-3900 and speak with one of our auction specialists before you place a bid.

Why did the auction closing time extend by 10 minutes after I placed my bid? This is called "Popcorn" Bidding: Bids placed within 10 minutes prior to a lot's scheduled closing time will extend the closing time on that lot an additional 10 minutes. This gives all bidders an opportunity to place a competing bid. All lots will close when there have been no bids placed within the last remaining 10 minutes.

Max bidding allows you to bid the maximum amount you wish to bid for an auction lot. Your maximum bid won't be displayed to other bidders, but will be displayed as the current bid based on the bidding increment. The following example illustrates max bidding:

1. Auction Lot 1000 has a current bid of $0. The minimum bid is $250.
2. Juan places and confirms a maximum bid of $500. Juan's bid is displayed as $250.
3. Sally places a bid of $300 and is notified that the bid was not accepted because it did not exceed the maximum bid.
4. Juan's next bid is automatically increased to the next bidding increment of $350.
5. If no other bids are placed, Juan is the winner at $350.
6. If Juan's $500 max bid is overtaken by another bidder, he will receive an outbid notice.

For further clarification please email info@charitybuzz.com with any questions.

What does liveBID mean in the auction title and description?

In addition to an online auction, charities frequently conduct live galas and feature a live auction at the event. For the auction lots that are included in the online auction and the live auction, we note them with "liveBID" in the lot description, and we close the online bidding the day of the live auction. We contact the highest bidders on those liveBID lots by phone to see if the bidders want us to continue bidding on their behalf at the live auction.

In addition, a live gala may also include a silent auction. In these cases, charitybuzz bidders can bid online for silent auction items along with the guests at the event. These items remain open online until they close at the event. Winning bidders will be notified via email when credit card charges are processed. Please note that silent auction items do not support the Max Bid feature. The amount you bid will be registered as the next bid regardless of increment, so please bid carefully.

Please email info@charitybuzz.com with any questions.

ReserveBID is a way for donors/charities to ensure that items do not sell below their value. Some items will start at a lower opening bid price to encourage bidding; however items that display "ReserveBID not met" below the current bid are not obligated to be sold to the highest bidder. Bidding must surpass the set reserve price in order to sell; therefore once "ReserveBID not met" disappears, the item is valid for sale at the current bid posted. Reserve prices are confidential and will not be revealed to bidders.

If you have questions please contact us:

By email:

info@charitybuzz.com

By phone:

(212) 243-3900

By fax:

(212) 937-3358

By mail:

charitybuzz®
437 Fifth Avenue
11th Floor
New York, NY 10016