- Consignor submits an item for BWIC Auctions.
- Bidders submit 1 discreet, binding, non-cancellable bid during the 7-day Qualifying Round.
- The top 3 bids in the Qualifying Round advance to Extended Bidding.
- The top 3 Bidders submit 1 more discreet, binding, non-cancellable bid in the 3-day Extended Bidding Round.
- The top individual bid is submitted to the consignor for consideration.
- During the entire 10-day process, a fractional “Group Bid” opportunity is available to verified accredited investors on select assets. Bidders can contribute to a fractional bid to own a percentage of the asset, rather than buying the asset outright.
- At the conclusion of the 10-day BWIC Auction, consignors will receive an individual buyer bid AND the potential for a bid from a group of verified accredited fractional investors.
