ShowCAIS FAQs
Hundreds of CAIS parents, parents of alumni, alumni, and friends were in virtual attendance at ShowCAIS 2021, our glittering auction gala on Saturday, May 8 online. Some questions we often receive about this exciting event include:
General Live Auction Rules
All gifts are final. If a live auction item is cancelled by the contributor after the purchase has been made, the Advancement Office will arrange for a reimbursement.
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To start a bid, go to link provided during the live event in order to access our live stream.
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When a live item is ready to be bid on, you may place a bid on the item they are interested by clicking on/pressing and holding the “Bid” button on your computer or phone.
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The highest bidder acknowledged by the Auctioneer shall be the purchaser. Such acknowledgment shall be legal and binding.
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With the word “SOLD” from the Auctioneer, title to the auction item will pass to the highest bidder, who then assumes full risk and responsibility and will pay full purchase price for the item.
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In the event of a dispute, the Auctioneer shall have the sole and final discretion to determine the successful bidder, or to re-offer and re-sell the item in dispute. If the Auctioneer determines that any opening bid is not commensurate with the value of the item offered, they may reject the bid and withdraw the item from sale.
Group Bidding
Group bidding is permitted and encouraged for large Live Auction items. If you would like to group bid please plan ahead and designate a group leader who will bid on behalf of all group members. When you are ready to close out your purchases, please have the group leader alert the Advancement Office who will be splitting the item and email advancement@cais.org for confirmation. The Advancement Office will follow up for payment the week after ShowCAIS.
Absentee Bidding
If you are unable to attend but would still like to bid on a Live Auction item or participate in Fund-A-Need, please contact Director of Advancement Pamela Winthrop at p_winthrop@cais.org.
Payment
The Advancement Office will reach out to the winning bidders to process payment via credit card the week following our live stream event. If you would like to pay by another means other than credit card such as check, stock, etc. please contact the Advancement Office at advancement@cais.org.
Valuation of Auction Items
All valuations of items are provided by the item’s contributor and reflect the value of the item on the fair market. CAIS has made a good-faith effort to furnish donors with accurate and sufficient information on an item’s value and all values will be listed on your final receipt. CAIS shares this information to fulfill its responsibility to fully inform its supporters, but is not responsible for the tax law consequences of these transactions. Individuals should consult with their own advisors regarding applicable laws.
