GB9
Registered
We will be running a Calcutta player auction at the GB9 British Grand Prix for the first time in the tours history. As far as I know this will be the first time a Calcutta has been run at any tournament in the UK.
As the draw for this event is done in advance we intend to hold the auction on completion of the double elimination stage and before the last 16 straight KO stage starts.
I know Calcutta's are used at most tournaments in the US so any advise on things to be careful of would be appreciated.
The format and rules we intend to use are as follows:
1. All of the 16 players will be displayed in ranking order based on their performance in the double elimination stage.
2. The first lot will be for a 1st Wildcard pick. The successful bidder gets to choose any player.
3. The second lot will be for a 2nd Wildcard pick. The successful bidder gets to choose any of the remaining 15 players.
4. The remaining 14 players will be auctioned off in ranking order (highest to lowest).
5. Any players failing to receive any bids will be placed in a separate lot called ‘Rest of the Field’. This lot will be auctioned off last. Players in this lot DO NOT have the option to purchase half of themselves.
6. At completion of the tournament pay-outs will be made to the successful bidders as follows: 1st place 40%, 2nd place 30%, 3rd place 15%.
All participants should note the following rules/conditions:
1. All winning bidders need to pay the auctioneer in cash as soon as the auction finishes and before start of play.
2. All players have the option to purchase half of themselves. Players wishing to do so should seek out the winning bidder (GB9 will not be involved in the administration of these arrangements).
3. Players are welcome to bid on themselves but NOT on other players in the auction.
4. If a group of friends are forming a syndicate you should appoint a spokesperson to act as a sole bidder in the auction.
5. All bets are void if the highest bid in the auction is higher than 40% of the total pot size.
Thanks.
As the draw for this event is done in advance we intend to hold the auction on completion of the double elimination stage and before the last 16 straight KO stage starts.
I know Calcutta's are used at most tournaments in the US so any advise on things to be careful of would be appreciated.
The format and rules we intend to use are as follows:
1. All of the 16 players will be displayed in ranking order based on their performance in the double elimination stage.
2. The first lot will be for a 1st Wildcard pick. The successful bidder gets to choose any player.
3. The second lot will be for a 2nd Wildcard pick. The successful bidder gets to choose any of the remaining 15 players.
4. The remaining 14 players will be auctioned off in ranking order (highest to lowest).
5. Any players failing to receive any bids will be placed in a separate lot called ‘Rest of the Field’. This lot will be auctioned off last. Players in this lot DO NOT have the option to purchase half of themselves.
6. At completion of the tournament pay-outs will be made to the successful bidders as follows: 1st place 40%, 2nd place 30%, 3rd place 15%.
All participants should note the following rules/conditions:
1. All winning bidders need to pay the auctioneer in cash as soon as the auction finishes and before start of play.
2. All players have the option to purchase half of themselves. Players wishing to do so should seek out the winning bidder (GB9 will not be involved in the administration of these arrangements).
3. Players are welcome to bid on themselves but NOT on other players in the auction.
4. If a group of friends are forming a syndicate you should appoint a spokesperson to act as a sole bidder in the auction.
5. All bets are void if the highest bid in the auction is higher than 40% of the total pot size.
Thanks.