On Saturday, 10th May at 3pm Eastern, the representatives of the King's Council will be holding a shard public auction in order to give the people of Siege an opprtunity to trade goods, promote shard interaction, and raise money for town treasuries. If successful, the event could become a biannual event at the start of each governorship term of office (or conceivably even twice per term). This thread is intended to give advance notice of the auction; further details and the official list of lots for sale will come in May. Venue & auctioneer The auction will take place at Gilfane Arena and I will be acting as auctioneer. Kattasrophe is working as chief assistant and will be organizing complementary activities. Commission & donations The auctioneer will levy a charge of 5% on all lots sold and the money so raised [the “Town Fund”] will be split equally between the seven towns involved (Jhelom, Minoc, Moonglow, New Magincia, Skara Brae, Trinsic, Vesper). If any member of the public wishes to contribute further, then they are welcome to make additional contributions in four possible ways: a) By donating an item(s) entirely to the Town Fund, in which case 100% of the auction sale price will go into the fund. b) By donating an item(s) to ONE particular town, in which case the remaining 95% of the sale price will go directly to the specified town. c) By donating an item to York's new player vendor subsidy program, in which case the remaining 95% of the sale price will go directly to this cause. d) By donating a lump some of cash to the Town Fund or to specified town(s). This is no different than giving cash directly to the town heralds, except that your donation will appear in the official accounts and will therefore be recorded for posterity. Reserve Price Items submitted for sale may be assigned a minimum price that the seller is willing to accept, although items may be rejected if the auctioneer views the reserve as unreasonably high and unlikely to lead to a sale. Advanced bids To aid those unable to attend the live event or find a suitable proxy, the auctioneer will take private bids in advance of the sale. Further details on this service will be posted nearer the event. Submitting items for sale To raise interest and awareness for the auction, the public is encouraged to announce items for sale as soon as possible. However, as the auction house will not be taking receipt of goods until May, anything so announced/listed is not final and could be withdrawn by the seller. To submit your items, PM me here. Be sure to include any reserve prices you wish to assign the goods, although these could be changed later. All items are presumed to be for the benefit of the seller unless otherwise stated. If you wish to donate the entire proceeds of an item to one of the causes (Town Fund, individual town, subsidy program), please clearly state this. Items donated to a cause will state the name of the donor unless anonymity is specifically requested. General items for sale will not list the name of the seller unless it is necessary to do so. If you are intending to sell low-priced items, please try and group them together where possible. What constitutes a “low price” is unclear at this point. Once official submissions are taken in May, we should have a better idea of the amount of items that are likely to be for sale and what to set the minimum requirements at. Of course, the public is welcome to discuss items they may sell in this thread. Official accounts A record of sale prices and all monies raised will be published after the auction. The auctioneer will deposit the money raised for each town directly with the heralds in the presence of Kattasrophe and/or another creditable witness. Confidentiality & liability All reserve prices, advance bids and other privileged information from sellers will be kept in confidence by the auctioneer except in the event of a new auctioneer having to be appointed due to illness or force majeure. Final responsibility for items being sold, monies raised thereon, and the conduct of the auction, lies with the auctioneer and not the members of the King's Council.