Our very rare and very exotic Auctioned Edition Corals are
distributed on an auction basis only. Typically these rare organisms produce an unknown
quantity of offspring per year. Many are new to captivity and their growth rates and
captive care requirements are not fully known. The scheduled auctions for each captive
grown fragment are listed on the corals web page linked below. All of Reeffarmers
auctions are being run through the CFM Auctions web site linked in the tables below.
All winning auction bidders are bound to the auction restrictions displayed on the
corals CFM Auctions page and at the bottom of this page.
Reeffarmers Auction Policy - The Auction transaction occurs between Reeffarmers
and the winning auction bidder. Winning bids need to be fully paid to Reeffarmers
within 48 hours of auction closing. Reeffarmers will ship the coral as required by
the auction agreement stated on corals auction page. Coral delivery must be accepted
within 7 days of full payment being recieved. The following people and their relatives
will be barred from all auctions: All Employees of Reeffarmers; Steve Tyree; and the
reef farmer who will get ~ 50 % of any First Edition Auctions. Auctions will either be
public or semi-private. Auction sales are final when the winning bidder accepts shipment
of the live auction item. If the auction item is dead in the shipping container the
winning bidder must provide a photo of the dead coral and its bag water to Reeffarmers
(Email reeffarmersauctions@ispwest.com) within 24 hours of accepting the shipment.
Failure to do so will demonstrate full acceptance of the auction delivery. If a proper
DOA claim was filed with reeffarmers, winning bidder is granted full refund within 10
days of the DOA claim or will accept a second attempt of delivery. If for some reason
Reeffarmers cannot deliver the auction item to the winning bidder, Reeffarmers will
fully refund the auction winning bid amount within 10 days of the winning bidder paying
Reeffarmers. Reeffarmers.com reserves the right to cancell any and all auctions prior
to their start. This will primarily be due to the loss of the parent colony, slow growth
or can be for any reason deemed appropriate by Reeffarmers.
Reeffarmers.com will ship all Auctioned Edition Fragments within Igloo
Coolers to help ensure their safe arrival. Orders must be either delivered by hand
locally or shipped via Federal Express next day hold for pickup.
You can request a subscription to our auction email list by sending email
to reeffarmersauctions@aceweb.com .
Our auction email list is notified when new auctions become scheduled and when they become
active. We currently schedule auctions to run from the 1st to the 8th of every month or
during a scheduled Coral Farmers market event.
Auction Pricing Polcy - We are currently reevaluating our auction pricing policy. We have
left Ebay auctions due to the following reasons: Ebays failure to support intellectual property
rights; Ebays failure to enforce its own rules against specific sellers; Ebays failure to allow
Reeffarmers to link to external web pages; and due to EBays very unpredictable high and low end
bids. Suffice it to say, there are numerous sellers on Ebay who are utilizing images they do not
own nor do they even possess the coral in the image. Nothing can be done to stop them. Buyers
need to be aware that Ebay is not policing its best sellers properly. We will temporarily be
utilizing the Corals Farmer Markets discussion forums to handle auction bid postings. The
starting minimum bid price are an estimate for the going rate of corals in the spot market.
This price will be raised and lowered depending on the previous auction bid history.
For example - If a coral does not get a bid at the minimum bid price, that minimum price will be
lowered for the next auction of this coral. The next auction will typically occur in two months
and the minimum bids will be typically lowered by $25 if there was no bid on the previous auction.
Reeffarmers reserves the right to distribute Auctioned Edition corals that did not recieve
a bid to our private customer base. We also reserve the right to raise minimum bids for
corals that frequently sell for amounts that are significantly higher then the auctioned
corals minimum bid amount. The minimum bid price will be set 1 to 2 weeks before each
auction and will not change until after each auction completes.
