1. There are two was you can bid for the featured items using both Instagram and Facebook Channels
  2. Using the comment/ reply
  3. Using the Direct Message-Secret Bid (we will place bid on behalf of you and you can be anonymous)
  4. 2. Starting and ending time is determined by Pradon Silks Inc. Bids will be accepted during this time period only. We have the right, at its sole discretion and without notice, to extend, terminate or modify the auction in the event of unforeseen technical difficulties that alter the proper functioning of the auction.
  5. 3. Bids may be placed online 24 hours per day via Facebook/ Instagram.

4.Pradon Silks Inc. will set a Starting Bid for each item. The Starting Bid is the minimum amount required to participate in the bidding for that item. 

  1. Each item has a Reserve Value. The Reserve Values are usually 50% of the ordinary selling price of the item, except in the case of items such as jewellery or accessories, where the Reserve Value may be higher. 
  2. Each item has a Reserve Status, which indicates one of two values:
    • Reserve not met.The amount of the highest Maximum Secret Bid is less than the Reserve Value and the item will not sell.
    • Reserve met.The amount of the highest Maximum Secret Bid is at least as much as the Reserve Value and the item will be sold to the highest bidder.
  1. 7. If your Maximum Secret Bid is the first bid on an item, it must be at least as much as the Starting Bid for the item. If previous bids have been placed on all available quantities of the item, then your Maximum Secret Bid must exceed the current leading bid on that item by at least the minimum increment for that item (where the increment is $5 for items whose value is $100 or more.
  2. 8. Based on your Bid, We will place bids on your behalf at the lowest amount possible to make you the high bidder for the item. For example, if yours is the first bid on an item, we will place a bid on your behalf equal to the Starting Bid for that item, or if your Maximum Secret Bid is greater than the Reserve Price of the item, then we will place a bid equal to the Reserve Price (and declare Reserve Met).

8A.If another bidder places a Maximum Secret bid on an item for which you have placed a bid, and your Maximum Secret Bid on that item is higher than the other bidder's Maximum Secret Bid, the Bidder Pradon Silks Inc. will automatically place a bid on your behalf that is $10 more than the current leading bid,

 

  1. It is your responsibility to monitor the outcome and status of your bids on the online pardon silks Facebook/ Instagram page and, in the event that you are outbid by another bidder with a higher Maximum Secret Bid, determine whether to continue bidding on an item. If you are outbid by another bidder with a higher Bid, you must submit a new Bid in order to continue your bidding on that item. If you submit a new Maximum Secret Bid, that bid supersedes all your previous bids on that item. The amount of the new bid must be at least $10 more than the current leading bid on the
  2. 10. If your Maximum Secret Bid is exactly the same as another bidder's previously-placed Maximum Secret Bid on the same item, the bidder whose bid was placed first shall be declared the leading bidder.
  3. In the event of a dispute between bidders, or in the event of doubt or dispute as to the validity of any bid, the Pradon Silks inc. will have the discretion to determine the successful bidder. All decisions by the Pradon Silks Inc. is final and binding.
  4. Pradon Silks Inc. is not responsible for any bids that are lost, misdirected, incomplete or illegible, or for failed, partial or garbled computer transmissions, or for technical failures of any kind including, but not limited to, malfunctioning of any network, hardware or software, which may limit a bidder's ability to participate in the online marketplace. Proof of sending will not be proof of receipt by Pradon Silks Inc. We are not responsible for any online, long distance telephone, or other charges you may incur in connection with participating in the online bidding.



Payment Rules

  1. At the close of the auction, the Pradon Silks Inc. will determine the winning bidder (the buyer) for each item and will contact that bidder by email and/or phone within five days to notify him/her of his/her winning status and request payment. As the buyer, you may not retract your bid and are obligated to make full payment of the total purchase price within three days of notification being initiated by the Bidder Trust Committee. If a buyer cannot be contacted, or if payment is not received in full, within three days of contact first being initiated, Pradon Silks Inc.  reserves the right to disqualify that buyer and deem the next highest bidder on the item to be the buyer. As the new buyer, you may not retract your bid and are obligated to make full payment of the total purchase price within two days of notification being initiated by the Bidder Trust Committee. If a buyer cannot be contacted, or if payment is not received in full, within two days of contact first being initiated, Pradon Silks Inc.  reserves the right to continue the process of disqualification and notification of subsequent bidders, or to remove the item from sale.
  2. The total purchase price of an item for each winning bidder is defined as the leading bid for the item at the close of the auction, for each winning bidder, multiplied by the quantity allocated to the bidder. In the event that a bidder is disqualified and the item offered to the next highest bidder, the total purchase price shall be the next highest bidder's Maximum Secret Bid, multiplied by the quantity allocated to the bidder, plus any applicable transaction taxes required by law to be collected and remitted. 
  3. For most items, the buyer shall pay the total purchase price to Pradon Silks Inc

If the buyer fails to comply with these rules, including the obligation to make full payment of the total purchase price within the time limits and terms set out herein, in addition to other remedies available to Pradon Silks Inc. you not only will remain obligated for your leading bid amount, you also will be responsible for an additional 20% of the leading bid amount, and you will be obligated to pay all attorney's fees and costs

As stated in these rules, all sales are final. However, in the event that an item you won and paid for was not fairly represented on the Pradon Silks Inc. website, an exchange will be considered. To be eligible for an exchange , you must submit your request within twenty four (24) hours of completing payment . Please see the Contact Us page for contact information to which you must submit your request. We'll notify you via e-mail of the status once we've received, reviewed and processed your request. You may obtain the exchange at our boutique or our online store www.pradonsilks.com once we authorize the exchange

  1. There are two was you can bid for the featured items using both Instagram and Facebook Channels
  2. Using the comment/ reply
  3. Using the Direct Message-Secret Bid (we will place bid on behalf of you and you can be anonymous)
  4. 2. Starting and ending time is determined by Pradon Silks Inc. Bids will be accepted during this time period only. We have the right, at its sole discretion and without notice, to extend, terminate or modify the auction in the event of unforeseen technical difficulties that alter the proper functioning of the auction.
  5. 3. Bids may be placed online 24 hours per day via Facebook/ Instagram.

4.Pradon Silks Inc. will set a Starting Bid for each item. The Starting Bid is the minimum amount required to participate in the bidding for that item. 

  1. Each item has a Reserve Value. The Reserve Values are usually 50% of the ordinary selling price of the item, except in the case of items such as jewellery or accessories, where the Reserve Value may be higher. 
  2. Each item has a Reserve Status, which indicates one of two values:
    • Reserve not met.The amount of the highest Maximum Secret Bid is less than the Reserve Value and the item will not sell.
    • Reserve met.The amount of the highest Maximum Secret Bid is at least as much as the Reserve Value and the item will be sold to the highest bidder.
  1. 7. If your Maximum Secret Bid is the first bid on an item, it must be at least as much as the Starting Bid for the item. If previous bids have been placed on all available quantities of the item, then your Maximum Secret Bid must exceed the current leading bid on that item by at least the minimum increment for that item (where the increment is $5 for items whose value is $100 or more.
  2. 8. Based on your Bid, We will place bids on your behalf at the lowest amount possible to make you the high bidder for the item. For example, if yours is the first bid on an item, we will place a bid on your behalf equal to the Starting Bid for that item, or if your Maximum Secret Bid is greater than the Reserve Price of the item, then we will place a bid equal to the Reserve Price (and declare Reserve Met).

8A.If another bidder places a Maximum Secret bid on an item for which you have placed a bid, and your Maximum Secret Bid on that item is higher than the other bidder's Maximum Secret Bid, the Bidder Pradon Silks Inc. will automatically place a bid on your behalf that is $10 more than the current leading bid,

 

  1. It is your responsibility to monitor the outcome and status of your bids on the online pardon silks Facebook/ Instagram page and, in the event that you are outbid by another bidder with a higher Maximum Secret Bid, determine whether to continue bidding on an item. If you are outbid by another bidder with a higher Bid, you must submit a new Bid in order to continue your bidding on that item. If you submit a new Maximum Secret Bid, that bid supersedes all your previous bids on that item. The amount of the new bid must be at least $10 more than the current leading bid on the
  2. 10. If your Maximum Secret Bid is exactly the same as another bidder's previously-placed Maximum Secret Bid on the same item, the bidder whose bid was placed first shall be declared the leading bidder.
  3. In the event of a dispute between bidders, or in the event of doubt or dispute as to the validity of any bid, the Pradon Silks inc. will have the discretion to determine the successful bidder. All decisions by the Pradon Silks Inc. is final and binding.
  4. Pradon Silks Inc. is not responsible for any bids that are lost, misdirected, incomplete or illegible, or for failed, partial or garbled computer transmissions, or for technical failures of any kind including, but not limited to, malfunctioning of any network, hardware or software, which may limit a bidder's ability to participate in the online marketplace. Proof of sending will not be proof of receipt by Pradon Silks Inc. We are not responsible for any online, long distance telephone, or other charges you may incur in connection with participating in the online bidding.



Payment Rules

  1. At the close of the auction, the Pradon Silks Inc. will determine the winning bidder (the buyer) for each item and will contact that bidder by email and/or phone within five days to notify him/her of his/her winning status and request payment. As the buyer, you may not retract your bid and are obligated to make full payment of the total purchase price within three days of notification being initiated by the Bidder Trust Committee. If a buyer cannot be contacted, or if payment is not received in full, within three days of contact first being initiated, Pradon Silks Inc.  reserves the right to disqualify that buyer and deem the next highest bidder on the item to be the buyer. As the new buyer, you may not retract your bid and are obligated to make full payment of the total purchase price within two days of notification being initiated by the Bidder Trust Committee. If a buyer cannot be contacted, or if payment is not received in full, within two days of contact first being initiated, Pradon Silks Inc.  reserves the right to continue the process of disqualification and notification of subsequent bidders, or to remove the item from sale.
  2. The total purchase price of an item for each winning bidder is defined as the leading bid for the item at the close of the auction, for each winning bidder, multiplied by the quantity allocated to the bidder. In the event that a bidder is disqualified and the item offered to the next highest bidder, the total purchase price shall be the next highest bidder's Maximum Secret Bid, multiplied by the quantity allocated to the bidder, plus any applicable transaction taxes required by law to be collected and remitted. 
  3. For most items, the buyer shall pay the total purchase price to Pradon Silks Inc

If the buyer fails to comply with these rules, including the obligation to make full payment of the total purchase price within the time limits and terms set out herein, in addition to other remedies available to Pradon Silks Inc. you not only will remain obligated for your leading bid amount, you also will be responsible for an additional 20% of the leading bid amount, and you will be obligated to pay all attorney's fees and costs

As stated in these rules, all sales are final. However, in the event that an item you won and paid for was not fairly represented on the Pradon Silks Inc. website, an exchange will be considered. To be eligible for an exchange , you must submit your request within twenty four (24) hours of completing payment . Please see the Contact Us page for contact information to which you must submit your request. We'll notify you via e-mail of the status once we've received, reviewed and processed your request. You may obtain the exchange at our boutique or our online store www.pradonsilks.com once we authorize the exchange