How to place a bid on an auction

You can participate in auctions directly through the Marketplace. Follow the steps below to place a bid on a music catalogue in the Primary Market.

1. Go to the Marketplace tab.

2. Browse the active auctions listed in the top banner.

3. Click View Catalogue on the catalogue you’re interested in.

4. Review the information on the Catalogue Page to learn about past royalties, distribution frequency, and rights involved.

5. Click Place a Bid.

   
   
6. Set your bid using ‘Price View’ or ‘Budget View’
   - In ‘Price View’: specify whether to match the highest or the lowest bid. Be mindful that bids may miss out on winning the auction if they get outbid by higher bids.
   
   
   - In ‘Budget View’: specify the total amount of money you are willing to invest, while the platform will calculate how many shares that equals, using the lowest winning bid.
   
7. Click on ‘Place a bid’
8. Review and verify your bid
9. Click ‘Confirm bid’ to finalise placing your bid. 
10. Your bid is now active! You can monitor the auction's progress and allocation status from your Portfolio.
    

Managing your bids

• You can view, update, or cancel your active bids in the Portfolio section at any time before the auction ends.

• If you want to increase your bid, you can cancel the current one and submit a new bid with updated terms.

If you have further questions about placing a bid, contact us at support@anotemusic.com.