- It’s a Silent, Sealed Bid Auction: Consignors are looking to sell investment grade collectibles through an institutional and time honored process. Bids are sealed and not disclosed publicly.
- It’s Competitive: Bidders are competing against other bidders for the right to own these grails outright. Just like any other auction.
- Extended Bidding: Only the top 3 bids at the end of the first round advance to Extended Bidding. Make sure to bid competitively for a chance to advance. In Extended Bidding, bidders are then prompted to submit one more “best and final” bid to present to asset sellers.
- Sellers can elect to accept or reject: Sellers retain the option to sell the piece, based on the competitiveness of the bids received. Sellers, and prospective sales prices, are vetted to ensure their asks are reasonable and their intentions are to sell.
Group Bidding: On select items, Collectable will enable Group Bidding, a unique tool which allows verified accredited investors to pool their bids together to own fractional interests in the piece.