Auction rules

Everything you need to know about registration and the bidding process


Registering to bid

Bidthedream.com is an exclusive auction Website designed by ICAP, Laureus and their respective affiliates.

To be eligible to bid for any Experience on the Website, you must be either an ICAP or Laureus Friend, or have registered to use the Website by completing our short registration process after which we will contact you. This registration process enables us to keep track of the auction and who bids on which items, and to update bidders on the status of their auction item.

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Bidding

The Bid the Dream Website features a wealth of exceptional and unique sporting experiences to raise money for community sports projects around the world.

To bid for an item when the auction is active, choose the Experience from the front page of the Website.

There will be a Starting Price for each auction which will be set by ICAP.

Please note that the minimum bid increment is set by ICAP for each Experience.

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Maximum Auto-Bid

You can also enter a Maximum Auto-Bid to set the highest amount you are willing to pay for the Experience. Should someone outbid you, Bid the Dream will automatically increase your bid by the increment set for that Experience until you are the highest bidder, or until you reach your Maximum Auto-Bid limit.

The system will also send you e-mail notification with a link back to the Website updating you on the progress of the auction of the Experience in question.

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Raising your bid

You really want the Experience but have been outbid?

To raise your bid when the auction is active, simply return to the Experience item on the Bid the Dream Website, go down to the Place Bid input box below the item's description and enter your new, higher bid.

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Auction end

All bidders, including the auction winner, will be notified when each auction has ended and the winning bidder will be contacted directly by the Bid the Dream team.

The Website offers a mechanism designed to protect bidders from a flurry of last minute bids, known as 'sniping'. If two or more users bid on an auction within the last thirty minutes of an auction, the auction will automatically extend for a further 24 hours and e-mail notification will be sent to all the bidders of this extension. The auction shall close after this 24hour extension has elapsed regardless of whether any more bids are received after that time.

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E-mail auction alerts

Our system will automatically send e-mail notification to all bidders at each stage of the auction. This will inform them of the highest bid when each auction will end and/or when it has been extended due to last minute bidding.

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Proceeds from Bid the Dream

Proceeds from Bid the Dream auctions will be distributed by the Laureus Sport for Good Foundation to support a range of community projects around the world. The Global Foundation will be providing details of these projects on the Website.

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Payment for auction items

You have won an Experience on the Website - what happens next?

Firstly, congratulations! A member of the Laureus Sport for Good Foundation will contact you directly to arrange payment, which should be made within seven days of the auction ending. The Global Foundation will liaise with you directly to find a suitable date for you to enjoy your sporting experience. In normal circumstances, this will be within 12 months of your winning bid.

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Contact us

If you would like any further assistance or information about Bid the Dream, please contact the Bid the Dream team at info@bidthedream.com

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