PVRI AuctionRead more ...
Raising funds for the Pulmonary Vascular Research Institute (PVRI). This auction will be completed at the Gala Dinner being held at the Foundling Museum, London on 19th April 2016. A few items (marked with a *) will be auctioned live on the night but you can submit a proxy bid, the highest amount that you are prepared to pay. If the items does not attain your proxy bid, you will win it at the increment above the highest bid received on the night. Online bidding will remain open until 10.30 pm on the 19th.
Pulmonary hypertension is high blood pressure in the lungs. This puts pressure on the heart and eventually results in heart failure. There is currently no cure for this fatal disease but recent research has led to improved therapies and a cure is the ultimate goal of the PVRI. For more information, please see www.pvri.infoClose.
1. You enter the absolute maximum that you are willing to bid for an item.
2. jumblebee places a bid on your behalf, using the minimum amount required to make you the highest bidder, i.e. current bid price plus bid increment OR the reserve price, if there is one and it can be covered by your proxy bid.
3. jumblebee continues to bid on your behalf, whenever you are outbid by another member's bid, until your maximum bid is exceeded or the auction is won.
4. jumblebee will notify you by email if your maximum bid is outbid by another member and provided the auction is still running, you will then have a chance to enter a new maximum bid if you wish.
The current bid on an auction item is £100. The minimum increment is £10. You enter a bid of £150 (your maximum bid).
Using your bid, but increasing only by the minimum increment, jumblebee sets the current bid to £110.
Another person bids £130 but they are immediately outbid by jumblebee bidding on your behalf and the current bid goes up to £140.
The auction finishes and you have won the auction item at a price of £140.