Bidding and Purchasing. 2.1. There are two types of lots, Unreserved units and Reserved units. The Unreserved listed units will start with a minimum bid price (Opening Price) decided by X.X.X. If there are no bids made at minimum bid price, then T.H.I. conductor shall reduce the minimum bid price until a bid has been made. Units listed in the Reserved section have a minimum bid price decided by the consignor and are started below the minimum bid price. The highest bidder will be the winner for the both types of auction.. The lowest start price at this auction is JPY 50,000.- .The unit will be considered unsold if no bids are received at this price. 2.2 All bid amounts are indicated in Japanese yen. Japanese yen is the only acceptable currency for bidding. 2.3 The risk and title to the machine will be transferred to the winning bidder (Buyer) after confirming receipt of the full payment amount.
Bidding and Purchasing. 2.1. There are two types of lots, Unreserved units and Reserved units. The Unreserved listed units will start with a minimum bid price (Opening Price) decided by X.X.X. If there are no bids made at minimum bid price, then T.H.I. conductor shall reduce the minimum bid price until a bid has been made. Units listed in the Reserved section have a minimum bid price decided by the consigner and are started below the minimum bid price. The highest bidder will be the winner for the both types of auction. 2.2 All bid amounts are indicated in Japanese yen. Japanese yen is the only acceptable currency for bidding. 2.3 The risk and title to the machine will be transferred to the winning bidder (Buyer) after confirming receipt of the full payment amount.