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New Reserve Price Policy Effective Auction KH0018 (16 January 2017)

5/1/2017

 
​This notice is to inform Registered Bidders of a policy change for the Reserve Price of stoves sold at auction. The Reserve Price is the minimum eligible bid price for a stove sold at auction. Currently the Reserve Price is hidden, meaning it is not publically known. The new Reserve Price Policy implements a published reserve price for each stove that slightly increases per auction. Below are the main points of the new Reserve Price Policy:
  • Reserve Prices are published on The Stove Auction website for two auctions at a time: http://www.thestoveauction.org/cambodia.html
  • Reserve Prices increase per auction per stove
  • Indicative rate of increase per auction is 3%
  • Reserve Prices shall never be lower than the RBF cash incentive for Buyers
  • Reserve Prices peak at 80% of the Full Wholesale Value of each stove
  • Each stove will have a starting Reserve Price point:
    • Prime Fuelwood Square: $15.50
    • ACE 1: $45.00
    • Mimi Moto: $33.50
    • 3G Small: $13.20 

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