CALCUTTA INCLUDES BOTH VIRTUAL LIVE AND ONLINE SILENT AUCTIONS!
Register at: https://ccchs2021.ggo.bid/ to participate in the silent auction.
To participate in the Virtual Live Auction via Zoom, visit:
https://us04web.zoom.us/j/79902827316?pwd=SkFQMFZ6ZDZJU212M0JpbzR1LzZzUT09
Meeting ID: 799 0282 7316
Passcode: 394tu1
Need help registering or have questions? Call 216-641-2034.
The winning bids from both the silent and live auctions generate a single pool of money which is then divided as follows: 40% to support the students of Cleveland Central Catholic and the remaining 60% to create a prize pool to be paid to the winning bidders of the teams advancing in the NCAA tournament according to the payout schedule listed in this program.
CALCUTTA AUCTION 2021
WHAT IS A CALCUTTA AUCTION?
The LIVE Auction portion of tonight’s event is the featured highlight of the Cleveland Central Catholic 2021 Calcutta Auction. The auction items are the teams (or the pairings of teams) in the 2021 NCAA Men’s Basketball Tournament. We are challenging you to select, bid on, and buy the team’s that you believe will advance the furthest in this year’s tournament. This is a progressive game, so the further your team(s) advance(s), the more cash you will win. A payout will be commensurate with the total amount bid through the evening.
Hint: Plan ahead. Partner with your friends to create a larger pool of resources to win the bid for your favorite team(s). When the bidding heats up, partner with other buddies. Don’t let anyone else get the team(s) you really want – form a betting syndicate with your most savvy basketball friends and pool your funds. That way, you will increase your chances of competing for the most desirable team(s). Good Luck to all the bidders!
Payout Formula (A team must advance to each of these rounds to qualify for a payout)
Round
|
#Teams
|
%Returned
|
Proportionate Pool Value
|
First 32
|
32
|
.50%
|
16%
|
Sweet 16
|
16
|
1.00%
|
16%
|
Elite 8
|
8
|
2.00%
|
16%
|
Final Four
|
4
|
4.00%
|
16%
|
Final Game
|
2
|
8.00%
|
16%
|
National Champion
|
2
|
16.00%
|
16%
|
|
|
31.5%
|
96%
|
*In the event a team in the first round is forced to withdraw from the tournament, and another team is substituted by the NCAA, and the bidder no longer wants that team/pairing of teams, they may contact the CCC staff and have their winning bid refunded.
Additional 4% of payouts will be awarded as follows:
Our auctioneer is Rob Telecky.
The highest bid acknowledged by the auctioneer wins each item offered. The Calcutta payouts will be made by April 30, 2021.
All bids are final. The Cleveland Central Catholic Calcutta committee has final authority on winning bids and evening activities.
ONLINE SILENT AUCTION RULES
- Silent Auction bidding begins on Wednesday, March 17, 2021 at 12:00 noon, with online bidding and a posted minimum bid amount. Every increase in a bid must be equal to or more than the minimum raise stated in order to be considered a valid bid. At the time of closing, the highest bidder will be declared the winner.
- Online Silent Auction bidding will be closed at 7:15 PM.
- All sales are final and no exchange or refund will be honored by the 2021 Calcutta committee.
- Full payment is required for all auction items before the conclusion of the event. We will accept cash, personal checks, MasterCard, Visa, American Express or Discover cards. Please make your check payable to Cleveland Central Catholic High School.
- Values set forth on auction items are estimates and are not warranted by the 2021 Calcutta committee for tax purposes as competitive market values.
- In the event of a dispute, auction officials shall act as the final authority and determine the winning bidder(s). Their decision is final.
- If you did not sign up for the Online Silent Auction bidding at registration, you can do so now by going to this link https://ccchs2021.ggo.bid/
ONLINE BIDDING FOR THE SILENT AUCTION FAQs
Q. How can I participate in online bidding?
A. Please include your cell phone number when registering for the event.
Q. What are the benefits of online bidding for the silent auction?
A. Once bidding starts, you will be alerted on your mobile device when you have been outbid so you can instantly respond with another bid.
Q. What happens when I win a package?
Your card will be charged. You are able to use technology you already know, your own smartphone or tablet (Ipad, Samsung, Galaxy, etc).
Q. Will this work for all mobile devices?
A. Yes you can bid with any mobile device. With smartphones and tablets, you can browse, search and bid via a web browser.
When registering your mobile device, you will be provided a customer URL for bidding purposes. With standard mobile phones you can bid and receive alerts via text messaging.
BIDDING FOR THE VIRTUAL LIVE AUCTION
Q. How do I participate in the Virtual Live Auction?
A. In order to participate in the Virtual Live Auction, you must sign into the Zoom meeting). Once signed in, you will be greeted by other bidders and our Auctioneer. To sign in, visit:
https://us04web.zoom.us/j/79902827316?pwd=SkFQMFZ6ZDZJU212M0JpbzR1LzZzUT09
Meeting ID: 799 0282 7316
Passcode: 394tu1
Q. Do I need to be present online to participate in the Virtual Live Auction?
A. It would be to your benefit to be virtually present because as you are bidding, our auctioneer will be able to see you and announce your bid.
Q. What if I want to participate in the Virtual Live Auction but am unable.
A. You can also ask a friend, spouse, co-worker, etc. to be your proxy online.