How to Bid

  1. The Ozarks Auction presented by KY3 & KSPR 33 commences on Wednesday, September 20 at 11 am and ends on Tuesday, September 26 at 3 pm; starting and ending time is determined by the website clock. Bids will be accepted during this time period only. The Hoosier-Times reserves the right, at its sole discretion and without notice, to extend, terminate or modify The Ozarks Auction presented by KY3 & KSPR 33 in the event of unforeseen technical difficulties that alter the proper functioning of The Ozarks Auction presented by KY3 & KSPR 33.

  2. Bids may be placed online at any time at the website while the auction is active.

  3. The The Ozarks Auction presented by KY3 & KSPR 33 Committee will set a Starting Bid for each item. The Starting Bid is the minimum amount required to participate in the bidding for that item.

  4. Each item has an opening bid amount. Once a bid has been placed, that bidder is required to purchase that item unless a higher bid is placed by another bidder.

  5. The Ozarks Auction presented by KY3 & KSPR 33 operates under a proxy bidding system. Under proxy bidding, you enter the amount you are willing to bid for an item. This is your Maximum Secret Bid and is known only by you and the The Ozarks Auction presented by KY3 & KSPR 33 Committee. You should be sure of your Maximum Secret Bid prior to submission. The Maximum Secret Bid that you submit may not necessarily be the price you pay if you are the successful bidder - you may pay less, but never more. However, choose your maximum carefully, as you will be legally bound to pay up to that price (plus any applicable taxes) if it is the final highest bid.

  6. If previous bids have been placed on an item, then your Maximum Secret Bid must exceed the current leading bid on that item by at least the minimum increment for that item (the increment is $2 for items whose value is $0 - $300, $4 for items whose value is $301 - $500, $5 for items whose value is $501 - $1,000, $10 for items whose value is $1,000 or higher. For example, if the current leading bid is $600 on a $1000 item, then your Maximum Secret Bid must be at least $610.

  7. Based on your Maximum Secret Bid, the bidding software will place bids on your behalf at the lowest amount possible to make you the high bidder for the item. For example, if yours is the first bid on an item, the auction software will place a bid on your behalf equal to the Starting Bid for that item, or if your Maximum Secret Bid is greater than the Opening Price of the item, the auction software will place a bid equal to the Opening Price.

  8. If another bidder places a Maximum Secret bid on an item for which you have placed a bid, and your Maximum Secret Bid on the item is higher than the other bidder's Maximum Secret Bid, the auction software will automatically place a bid on your behalf that is in the amount of the bid increment more than the other bidder's Maximum Secret Bid, to ensure you remain the leading bidder. The auction software will continue bidding in this fashion until one of the following three things happens:

    • No other bids are higher than yours,
    • Your Maximum Secret Bid is reached, or
    • You are declared the highest bidder at the end of The Ozarks Auction presented by KY3 & KSPR 33.

  9. It is your responsibility to monitor the outcome and status of your bids on the The Ozarks Auction presented by KY3 & KSPR 33 website and, in the event that you are outbid by another bidder with a higher Maximum Secret Bid, determine whether to continue bidding on an item. If you are outbid by another bidder with a higher Maximum Secret Bid, you must submit a new Maximum Secret Bid in order to continue your bidding on that item. If you submit a new Maximum Secret Bid, that bid supercedes all your previous bids on that item. The amount of the new bid must be at least the amount of the bid increment more than the current leading bid on the item, and the quantity must be the same or greater than the highest quantity in any of your previous Maximum Secret Bids on that item.

  10. If your Maximum Secret Bid is exactly the same as another bidder's previously-placed Maximum Secret Bid on the same item, the bidder whose bid was placed first shall be declared the leading bidder.

  11. In the event of a dispute between bidders or between bidders and the The Ozarks Auction presented by KY3 & KSPR 33 Committee, or in the event of doubt or dispute as to the validity of any bid, the The Ozarks Auction presented by KY3 & KSPR 33 Committee will have the discretion to determine the successful bidder. All decisions by the The Ozarks Auction presented by KY3 & KSPR 33 Committee are final and binding and not subject to review or appeal.

  12. The Hoosier-Times is not responsible for any bids that are lost, misdirected, incomplete or illegible, or for failed, partial or garbled computer transmissions, or for technical failures of any kind including, but not limited to, malfunctioning of any network, hardware or software, which may limit a bidder's ability to participate in The Ozarks Auction presented by KY3 & KSPR 33. Proof of sending will not be proof of receipt by The Hoosier-Times. The Hoosier-Times is not responsible for any online, long distance telephone, or other charges you may incur in connection with participating in The Ozarks Auction presented by KY3 & KSPR 33.

  13. During and after The Ozarks Auction presented by KY3 & KSPR 33, you may receive emails confirming bids you place, notifying you that you have been outbid by another bidder, or notifying you that you are a winner. These emails are for informational purposes only. Their transmission or omission does not constitute any change in the status of your bid or those of other bidders. Only the record of bids in the The Ozarks Auction presented by KY3 & KSPR 33 system, as represented on the website, constitutes the true bid record, as used by the The Ozarks Auction presented by KY3 & KSPR 33 Committee to determine the winning bidder at the close of The Ozarks Auction presented by KY3 & KSPR 33.