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Buying Your Alpaca in the Auction

STEP 1: Click on Enter the Auction and enjoy previewing the alpacas and/or items in the auction. Click on the alpaca for detailed information, and see enlarged pictures or perhaps a video/audio clip as well.

STEP 2: Register and sign up with ID and Password. It is that easy! You will then receive e-mail messages concerning updates and an Alpaca.com® consultant will contact you if you so request.

STEP 3: Understand completely what you are bidding on. If you have questions, click info@Alpaca.com® or call 1-866 - ALPACAS (257-2227) and a consultant will assist you.

STEP 4: Remember that the Alpaca.com® Online Auction is a minimum bid with reserve sale. The reserve price denotes the absolute minimum price the Seller is willing to accept above the minimum bid to insure that he does not undersell his alpaca.

STEP 5: Once you are a registered user, you are ready to select the alpaca or item you are interested in buying. On the alpaca description page is a link titled PLACE BID. This link will take you to the PLACE YOUR BID page.

STEP 6: On the PLACE YOUR BID page, you must select your method of bidding: Manual or PacaBid® (automatic proxy). Simply click the Manual checkbox or the PacaBid® checkbox on the PLACE YOUR BID page. If you choose the PacaBid® option, please determine the maximum amount you are willing to pay for the alpaca you wish to purchase. Your PacaBid® will then automatically bid for you to the preset maximum that you have indicated.
NOTE: Your bid will be recorded but not considered competitive until your registration has been approved by the Alpaca.com® Online Auction. This means that your bid will not take effect online prior to or during the auction unless you have been approved by Alpaca.com® Online Auction for bidding. (For a full description of PacaBid®, see the Question and Answer Section below.) This approval is instant following receipt of your credit card information and verification of your identity. No charge will be billed to your credit card for this verification process.
STEP 7: Enter your numerical bid in either the Manual Bid box or the PacaBid® box. Then, place your bid by clicking the Manual checkbox or the PacaBid® checkbox. This is like raising your bidder paddle on the floor of the auction as the auctioneer calls the bid. If you are the leading bidder, your user name will be displayed on the alpaca's description page and the PLACE YOUR BID page. All bids are to be in U.S. dollars. The initial bid on an alpaca must be equal to or greater than the minimum bid. $100 is the minimum incremental bid acceptable on all lots in the auction.

Please make sure that you are entering the correct price you wish to pay in your bid and that you have selected either Manual or PacaBid® for the alpaca or item you are bidding on. Remember that once your bid is accepted by Alpaca.com® Online Auction, it cannot be reduced or canceled.

QUESTIONS: What is PacaBid® or proxy bidding? Each time you enter a bid, PacaBid®, your automatic proxy, goes to work for you. PacaBid® lets you set an upper bidding limit (this is your maximum bid) while keeping your actual bids as low as possible. Your maximum bid is private; we do not disclose this to anyone. If another party beats your initial bid, PacaBid® raises your bid by one single increment ($100.00) more than the challenging bid. This pattern continues until another bidder exceeds your maximum bid or you win the auction.

EXAMPLE: An alpaca has a current bid of $20,000. You love this particular alpaca and really want to own it. Your initial bid must be at least one bid increment above $20,000, or $100. You decide that the alpaca is worth $22,500 and you enter a $22,500 maximum bid with confidence. Even though you have set your bid at $22,500, PacaBid® holds your actual bid to $20,100. You sit back, sip some coffee, thinking about your beautiful alpaca.

Oh, but the auction is not over! Hmm. This is where it can get exciting. Another alpaca enthusiast sees that your current winning bid is $20,100 making $20,200 the next acceptable bid amount. The competing bidder places a $21,000 maximum bid. Even though you may be sunning yourself by the pool ( we can dream up North, can't we? ), or just catching some much-needed rest, your ever-watchful PacaBid® springs to action, meeting the challenging bid and going head-to-head with the competing PacaBid® until the challenger's maximum is exceeded. When the gavel falls, you are left with a winning bid of $21,100 which is a great deal under your maximum bid of $22,500.
** IMPORTANT: If you are the highest bidder at the end of the auction, meeting or exceeding the applicable minimum bid and reserve price, you are obligated to complete the sale with Alpaca.com® Online Auction and the Seller. By bidding on an item, you are agreeing to be bound by the Terms and Conditions of the auction, the description of the item (as listed or linked to the description), so long as those conditions of sale are not in violation of the Alpaca.com® Online Auction User Agreement or unlawful. Please remember that bids are not retractable once accepted!
STEP 8: You will be notified by e-mail and a personal phone call by Alpaca.com® Online Auction that you are the high bidder and purchaser of your desired alpaca. A Buyer's Agreement specifying the conditions of sale will be faxed or express mailed to you immediately. Your personal Alpaca.com® consultant will work with you as we arrange transportation, paying, insurance, and all necessary paperwork.

STEP 9: Examine the Buyer's Agreement carefully and determine your desired schedule for payment. Most auction alpacas are sold on a cash basis. If you have purchased your alpaca in this manner, please sign the Buyer's Agreement and enclose a cashier's check or money order made payable to Alpaca.com® L.L.C. for either (a) 25% of purchase price to be followed by another payment for the remaining amount within two weeks or (b) 100% of the purchase price. A facsimile copy of your signed Agreement will be considered binding by Alpaca.com® L.L.C. until your original copy and cashier's check or money order arrive at auction headquarters.

If your alpaca was offered by Seller with a financing option and you elect to use this method of purchase, please review the payment plan carefully. It calls for the following:
1. A cashier's check or money order for 50% of purchase price to be made payable to Alpaca.com® and sent immediately with your signed Buyer's Agreement. Again, a facsimile copy of your signed Agreement will suffice until your original Agreement and cashier's check or money order has been received by Alpaca.com® L.L.C.

2. The remaining amount to be paid with interest directly to the Seller in consecutive monthly installments beginning one month after purchase and continuing for a period not to exceed two years
STEP 10: Upon receipt of your Agreement and cashier's check or money order Alpaca.com® L.L.C. will contact you by e-mail and by phone concerning completion of the transaction. Please remember that an Alpaca.com® consultant is always available to assist you throughout the auction to answer any of your questions or help you in any way. Good Luck and Have Fun!
 
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