About eLive Auctions

Here you can find any information about our eLive Auctions offer.

Contents:
1. Your introduction to eLive Auctions
1.1 What do I need to be able to participate?
1.2 What is the cost to attend eLive Auctions?
2. How do Künker eLive Auctions work?
2.1 How do I bid in an eLive Auction? A practical example
2.2 What is what? Your tools for successful auction participation

1. Your introduction to eLive Auctions
With its eLive Auction, Fritz Rudolf Künker GmbH & Co. KG offers you a direct and easy opportunity to participate in regular auctions live via the Internet. From the convenience of your own home or on the go you can submit preliminary bids, and up to that last moment, as in a real auction in bidding competition with others, decide the outcome of the auctions in your favor.

1.1 What do I need to be able to participate?
You probably already have everything you need to start right away. In order to participate in eLive Auction, all you need is an Internet connection along with an active myKünker account to log in. In case you do not yet have a myKünker account, you can register on our website. As a matter of course, our Customer Service Department will be delighted to assist you. Just send us an e-mail to service@kuenker.de.

Please note that new customers can only register during our business hours: Monday through Thursday from 08:30 AM to 05:00 PM and Friday from 08:00 AM to 04:00 PM.

Should you have any problems displaying the auctions, you can use the following links to download an optimal browser free of charge:
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1.2 What is the cost to attend eLive Auctions?
Participation in the eLive Auctions is free of charge. All you need is a free myKünker account. If you successfully bid in an auction, please remember that your coin is subject to the following costs:

On top of the hammer price there is a buyer's premium as specified in our Terms and Conditions. Moreover, all prices are net prices. This means that the statutory VAT has to be paid on the entire amount (incl. premium).

When shipping the items to you, we assume a majority of the packing and shipping costs. Your contribution to these costs is calculated according to the following schedule:

Shipment within Germany:
€ 5.90 per parcel, orders valued € 1,000 and above are shipped free of charge.

Shipment within the EU (including Switzerland and Norway):
€ 9.90 per parcel, orders valued € 2,500 and above are shipped free of charge.

Shipment overseas:
€ 14.90 per parcel, orders valued € 5,000 or above are shipped free of charge.

2. How do Künker eLive Auctions work?
You will find many features here similar to those of a hall auction. Quite a few things will be familiar to you. Initially all the pieces of the auction are presented for a period of two weeks on the auction site to be viewed in detail. During this time, you can submit preliminary bids in any desired amount until the respective item is called up for auction.

After the preview and preliminary bid phase, each piece is called up and auctioned individually, in sequential order, according to its lot number. Now you have the opportunity to join others in live bidding for each piece in the virtual auction hall.

When the bidding starts, you can increase your bids in increments or submit new bids by clicking on the central button “Bid now”.

2.1 How do I bid in an eLive Auction? A practical example

In order to show you how it works, we have put together a simple practical example:

I have heard about the new eLive Auctions and would like to check on a suitable piece for my collection.

As I am already registered at myKünker, I go to the eLive Auctions homepage – the Lobby – and select the option “Participate". In the subsequent window, I enter my login details for myKünker and confirm. On the upper right-hand side, I can now see my bidder number: 329. I select “Participate” once more and enter the hall.

In the center, I see a countdown: The next auction will start in 10 days.

I use the time to have a look around. I select the button “Auction overview” directly below the countdown. A window featuring all the pieces of the auction opens up and I enter “ducat” in the search field and confirm by clicking “submit”. The list displays some interesting items and I believe I found a suitable piece in lot number 1749 at € 100.

I click on the miniature image of the coin and can now see a larger depiction of the coin. The text reveals: “Silver restrike from the dies of the 1616 Sophie ducats. Minted in the 19th century. Magnificent patina, extremely fine - uncirculated.” I hover the mouse over the image and examine the edge and the quality of the coin.

In the field below the description I enter the amount of € 300, as I want to ensure that the coin will be mine. I click on “submit bid” and then “confirm bid”, and my bid appears immediately on the page. Now I am bidding automatically in the eLive Auction.

10 days later I want to watch the auction and log in again. Meanwhile I am not sure whether my bid will be sufficient. I could have simply increased the preliminary bid, but now I also want to join in live.

After a few minutes the silver restrike appears in the preview in the auction hall and starts climbing up. My bid is shown in green behind the coin. The bid price is now at € 290. My bid price. I am still the highest bidder.

Bidding continues. The coin appears on the upper left-hand side and in the middle it says, “You are the highest bidder.” The bidding history is displayed on the right: "18:16:02 € 250 bidder 329". The clock is running in my favor. But suddenly the clock restarts, my button turns red and it says: “Bid € 300 now.” The button immediately turns green again: Highest bidder. Now I am bidding automatically. And again the button says: “Bid € 320 now.” I think about it and make my move. One click on the button again makes me the highest bidder, and this time until the final strike of the gavel.

My bid slowly moves through the auction history to the bottom and I look at “Your current auction.” There it is: € 320. I have actually bought my first coin in an online auction.

2.2 What is what? Your tools for successful auction participation

Elements of the website: The Lobby
Here you will receive a quick overview of all dates and essential information on the auctions. Select “Log in” (upper right) or “Participate” (in the center of the page) in order to sign up for the auction, using the details of your myKünker account. Upon initial registration, you will receive a bidder number for the current auction, which will be displayed on the upper right-hand side of the page.
When you are logged in, you can enter the auction hall by clicking on the button “Participate”. Should you simply wish to collect some information on the auction, you can immediately click on “Visit” and proceed to the auction hall without logging in. All of the elements that serve to submit bids are inactive in this case.

Elements of the website: The auction hall
Here you will find, clearly arranged, all the key elements you need to participate in the auction.

The Preview List
Here you will see the upcoming pieces in the auction, so you will never be surprised when a certain piece is called up. If you have already submitted a bid, or you have marked a piece in your wish list, you will recognize this by the color coding next to the coin description. A number on green background stands for a current highest bid, red indicates that you have been outbid at the moment. Yellow tells you that the piece is on your wish list.

The Current Lot
You will find the lot that is currently being sold in the live auction directly above the preview list. A larger image and a more detailed description once again provide you with all the key information for making a bidding decision.

The Virtual Auctioneer
Right left to the current lot you will find the current price, a clock showing the time remaining until the item is sold, as well as the central button “Bid now”.

The “Bid now” Button
Here you can see whether you are the highest bidder at the moment. If you are not, the button will display the amount of the next possible bid. If you would like to submit a bid, simply click on the button at the right moment.

Other Elements
All other elements inform you about the short and medium-term results of the auction. The auction history shows you the current bids for the current lot. The most recent sales are documented in the auction history. The window “Your current auction” shows the key figures on your own auction, your bids and purchases.

"Auction Overview” Button
The central grey button opens your auction records. If you would like to know more about individual pieces or all the lots of the auction, click here. Here you will find all results of the current auction as well as your past activities.

If you want to speed things up a bit, we have another helpful hint for you:

Each element in the auction hall offers you direct access to your various records. Each image of a coin leads to the relevant details. The overview of the auction results opens up the list of overall results and a click on “your current auction” takes you directly to the key information of your auction history thus far and several key figures. So you always know what is going on.

Elements of the website: The Auction Records

If you click on the button “Auction Overview”, a window pops up in which you can query all the auction details. You can choose the individual functions by using the red highlighted buttons in the upper right-hand corner:

Auction Overview
Here you’ll find all the auction pieces that have not been sold yet. The sequence of the lots corresponds to the order in which they are called up for auction. For each piece you will find the price at which bidding starts and a symbol denoting whether you have already submitted a preliminary bid or whether a lot is on your wish list. A number on green background stands for a current highest bid. Red indicates that you’ve been outbid at the moment. Yellow tells you that the piece is on your wish list. In order to provide you with a quick overview, you will find various search and filter options on the upper part of the page. One click on the box behind the coin description adds a piece to your wish list. One click on the image of an interesting item takes you directly to its detailed description.

Coin Details
This page shows you all the information on a particular piece. You can mark a particular lot and print out the description by using the corresponding buttons on the lower left-hand side. The free field on the lower right-hand side allows you to submit a preliminary bid. Please note: once you have made an entry, you are asked to confirm your bid again.

My Auction
Here you will find all the information personally pertaining to you in an auction. In the upper area you have an overview of the distribution of your auction budget. For example, the maximum highest bid indicates which bid amount is capable of becoming the highest bid at the moment. The corresponding codings show you the pieces on which you have already been outbid. This allows you to easily decide on which piece you would like to submit an additional bid. In the upper area you can also select whether you would like to have all your auction purchases, bids or coins on your wish list displayed.