Depicting artworks by Winold Reiss, W. Seaton, and an unknown artist.
Framed Original Newspaper Two-toned Black and Mahogany frame with gold detailing
The Toronto Star Weekly
Saturday November 14th, 1931.
26 ¼" x 22”
First newspaper in Canada to use this colour printing method.
Note: Scratches and knicks on frame
Slight tears in framing paper on back of frame
*Lot #5.26 - #5.28 Frames are the same
Sold in as is condition
Payment
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Tax Information
Any item(s) purchased at the Together Local Auction in support of The Toronto Star Santa Claus Fund do not qualify for a charitable tax receipt. The Canada Revenue Agency (CRA) does not permit tax donation receipts to be issued for the purchase of goods in exchange for a cash donation to a charity.
Fulfillment
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Dutch Auction
In a Dutch auction the seller offers more than one identical item for sale, so that there may be more than one winning bidder. Each bidder can bid for all the items or only some of them. However, all winning bidders need to pay only the lowest qualifying (successful) bid. If there are more successful bids than items available, priority goes to bidder with the highest bid. If bidders have the same highest bid, priority goes to the bidder who submitted their bid first.
In order to beat a competing bidder, one must bid a higher price per item than that competitor, regardless of the number of items that are being bid for. Here is an example of how this might work:
The seller auctions 5 identical items.
Bidder "A" bids for 2 items at $20 each.
Bidder "B" bids for 4 items at $21 each.
Bidder "C" bids for 3 items at $18 each.
The outcome of this auction would be:
Bidder "B" wins 4 items at $20 each.
Bidder "A" wins 1 item at $20 each.
The price is $20 because that was the lowest successful bid.
