gaurav92 Posted March 12, 2014 Share Posted March 12, 2014 Hello everyone, finally after all the formalities, we have 5 owners ready to take on the auction challenge. This is going to be fun for one and all. Team Owners Lord & LeoRahi gaurav92 & Sachin=God chammakchallo & 30markhanreturn Forever Indian adi b & Sidhoni The ICF Players Auction List The list contains all the players put up in auction with their base prices for users to see and make strategies whom to buy and whom to avoid. Rules of Auction 1. There will be an auctioneer to hold that event (not decided yet). 2. Purchase purse is of 500 bn ICF$ for each team. 3. Once a bid is placed, it cannot be withdrawn. 4. The bidding will be between the first two teams to bid for a player ,and the third team cannot enter the bid before any of the tams have walked out of the bet. 5. The bid will start with base price and go up by 5 billion ICF$ with every bid for "Star Players", 2 bn ICF$ for every bid on "Overseas Magic" and 1 bn ICF$ for every bid on "Home Performers" category. 6. The maximum minimum and total player rules are : Minimum 6 from "Home Performers", Maximum 5 from "Star Players" and Maximum 5 from "Overseas Magic" categories. Also maximum number of players in the squad for a team can be 15. 7. Team owners are requested to decide amongst themselves who will bid in the auction as bids from only one member (in case of joint ownership) will be accepted. Also, in case of joint ownership if a wrong bid is placed by a bidder, the other person may object and use "Strike Out" option to take back his partner's call on any play (his bid). Every team has two strike outs (only available for team with multiple owners). 8. The auction will be held on Saturday 15th March 2014. Time is not yet decided, it will be decided with consensus of all the owners. Any other question can be posted in the thread :nice: Good luck and hope you all enjoy the tournament :icflove: Link to comment Share on other sites More sharing options...
Lord Posted March 12, 2014 Share Posted March 12, 2014 didnt understand point 4 Link to comment Share on other sites More sharing options...
BlueBee Posted March 12, 2014 Share Posted March 12, 2014 Will the Auction be finished on 15th or it'll take some days? Link to comment Share on other sites More sharing options...
BlueBee Posted March 12, 2014 Share Posted March 12, 2014 didnt understand point 4 ++ Link to comment Share on other sites More sharing options...
Lord Posted March 12, 2014 Share Posted March 12, 2014 Will the Auction be finished on 15th or it'll take some days? on 15th I think Link to comment Share on other sites More sharing options...
Lord Posted March 12, 2014 Share Posted March 12, 2014 12 noon IST would be fine for me :nice: Link to comment Share on other sites More sharing options...
BlueBee Posted March 12, 2014 Share Posted March 12, 2014 12 noon IST would be fine for me :nice: My exams are over, So anytime :yay: Link to comment Share on other sites More sharing options...
gaurav92 Posted March 12, 2014 Author Share Posted March 12, 2014 Here is clarification on Point 4, If Chris Gayles name is up in auction, there will be all 5 of us bidding right away at the base price. But the two bidders who posts their bid first will get to fight first, and unless someone has dropped out say after making bids till 70 bn $, team 2 drops out, then only the third team (any team) gets a chance to bid further if they want. This is the same that happens in real auction. Link to comment Share on other sites More sharing options...
BlueBee Posted March 12, 2014 Share Posted March 12, 2014 Here is clarification on Point 4, If Chris Gayles name is up in auction, there will be all 5 of us bidding right away at the base price. But the two bidders who posts their bid first will get to fight first, and unless someone has dropped out say after making bids till 70 bn $, team 2 drops out, then only the third team (any team) gets a chance to bid further if they want. This is the same that happens in real auction. Thanks :nice: Link to comment Share on other sites More sharing options...
Lord Posted March 12, 2014 Share Posted March 12, 2014 Here is clarification on Point 4, If Chris Gayles name is up in auction, there will be all 5 of us bidding right away at the base price. But the two bidders who posts their bid first will get to fight first, and unless someone has dropped out say after making bids till 70 bn $, team 2 drops out, then only the third team (any team) gets a chance to bid further if they want. This is the same that happens in real auction. so people will faster connection will have an advantage:(( Link to comment Share on other sites More sharing options...
gaurav92 Posted March 12, 2014 Author Share Posted March 12, 2014 so people will faster connection will have an advantage:(( Aapke paas BSNL hai ? :(( Link to comment Share on other sites More sharing options...
Lord Posted March 12, 2014 Share Posted March 12, 2014 Aapke paas BSNL hai ? :(( haan :(( chalo dekha jayega :ohyeah: Link to comment Share on other sites More sharing options...
Lord Posted March 12, 2014 Share Posted March 12, 2014 I will represent my team at the auctions :nice: Link to comment Share on other sites More sharing options...
BlueBee Posted March 12, 2014 Share Posted March 12, 2014 I've a moderate connection. But BB users will be benifited Link to comment Share on other sites More sharing options...
gaurav92 Posted March 12, 2014 Author Share Posted March 12, 2014 I will represent my team at the auctions :nice: Ok. So bids from LeoRahi will not be entertained :nice: Link to comment Share on other sites More sharing options...
Lord Posted March 12, 2014 Share Posted March 12, 2014 I've a moderate connection. But BB users will be benifited I've BSNL BB.quite good speed but these forun guys have 20mbps or more Link to comment Share on other sites More sharing options...
BlueBee Posted March 12, 2014 Share Posted March 12, 2014 I've BSNL BB.quite good speed but these forun gus have 20mbps or more :omg: Link to comment Share on other sites More sharing options...
India-KXIP fan Posted March 12, 2014 Share Posted March 12, 2014 Team Owners Lord & LeoRahi gaurav92 & Sachin=God chammakchallo & 30markhanreturn Forever Indian adi b & Sidhoni Oh of course just good luck there to win lottery :two_thumbs_up: Nothing to do with 2 multi trillionaire mods influencing the outcome of lottery :two_thumbs_up: :vroam: Link to comment Share on other sites More sharing options...
nanda14792 Posted March 12, 2014 Share Posted March 12, 2014 Gaurav please include in OP that in case of controversial bids my decision will be final and binding on all. Link to comment Share on other sites More sharing options...
Lord Posted March 12, 2014 Share Posted March 12, 2014 Gaurav please include in OP that in case of controversial bids my decision will be final and binding on all. you are gonna do the auction?:two_thumbs_up: since price gaps are already decided,We should use some codes like 'yes','pass' 'out' etc imo decide on that:two_thumbs_up: Link to comment Share on other sites More sharing options...
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