Auction
1. Eligibility to Bid
* Only registered and verified users are allowed to participate in bidding.
* By placing a bid, you agree to comply with all auction rules and terms of use.
2. Bid Increments
* All bids must follow the minimum increment structure:
¥10,000 increments for bids up to ¥1,000,000
* ¥100,000 increments for bids between ¥1,000,000 and ¥10,000,000
* ¥1,000,000 increments for bids above ¥10,000,000
3. Bidding Amount (Jump Bids)
* The amount you submit will be placed as your bid, even if it exceeds the required minimum increment (i.e., jump bidding is allowed).
* Please verify your bid before confirming. All bids are final.
4. Time Extension Rule (Anti-Sniping)
* If a new bid is placed within the last 5 minutes of the auction, the end time will be extended by 5 minutes.
* This extension may occur multiple times until no new bids are placed in the final 5-minute window.
5. Winning Bid and Payment
* The highest valid bid at the time of auction close will be considered the winner.
* Failure to pay may result in cancellation, account suspension, or a permanent ban from future auctions.
6. No Bid Cancellations
* Bids cannot be cancelled under any circumstances once submitted.
* Please bid responsibly.
7. Bidder Responsibility
* Bidders are responsible for:
* Ensuring they have sufficient funds
* Understanding the item details, conditions, and auction terms before placing a bid
* No refunds or cancellations will be granted due to bidder oversight.
8. Tie Bids
* In the event of two or more identical highest bids, priority will be given to the earliest bid placed.
9. Auctioneer Rights
* We reserve the right to:
* Cancel, suspend, or restart any auction due to technical errors or suspicious activity
* Reject or remove bids that violate auction rules
* Take necessary actions to ensure fair participation
TERMS AND CONDITION
1. Payments
* Customers must complete payment within 15 days after the auction concludes.
* Dealers must complete payment within 30 days after the auction concludes.
* Late payments may result in order cancellation, forfeiture of winnings, or suspension of bidding privileges.
2. Koi Guarantees
* Gender is not Guaranteed. All koi are Female as of End of May.
* Nishikigoi Alliance offers credit guarantees for the following cases:
* Death during Azukari Period
* Severe physical deformation during Azukari Period
* Major color disappearance during Azukari Period
* The final decision will be made by Nishikigoi Alliance's quality control team.
3. Shipping Deadline
* All koi must be shipped no later than December 31, 2025, unless otherwise agreed.
* Shipping arrangements must be made in advance with sufficient notice to avoid delays.
* Nishikigoi Alliance's reserves the right to charge holding or care fees for koi not shipped by the deadline.
4. Dealer Commission & Shipping Fees
* Dealers will charge a commission fee for each koi won by their registered customers.
* Dealers are also responsible for collecting shipping costs from their customers.
* Shipping costs will be charged upon shipment by the dealers and are determined based on destination, size, and number of koi.
* Dealers must coordinate payments and shipping arrangements on behalf of their customers, unless otherwise agreed with Nishikigoi Alliance.
5. Ownership & Risk Transfer
* Ownership of the koi transfers to the buyer only after full payment has been received.
* All risk (e.g., illness, injury) remains with Nishikigoi Alliance until the judging day.
6. Health & Quarantine
* All koi are sold in healthy condition and have undergone standard quarantine procedures.
* Nishikigoi Alliance is not responsible for health issues arising after shipment or due to improper acclimation by the buyer.
7. Auction Integrity
* Bidders and dealers agree not to engage in bid manipulation, collusion, or any unfair bidding practices.
* Nishikigoi Alliance reserves the right to cancel any suspicious bids or accounts.
8. Changes & Amendments
* Nishikigoi Alliance reserves the right to modify these Terms & Conditions at any time.
* Updated terms will be communicated via email or published on the official auction platform.
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