BRONCA tells the story of the Portela twin brothers, from the moment they realised how the system fails the most vulnerable among us, to the day they decided to do something about it.
BRONCA was founded in 2018 by twin brothers Jose Ignacio and Juan Pablo Portela. Though born in the Uruguayan capital of Montevideo, at the age of five they moved with their family to a small, rural town.
As of their sixth birthday, the twins started attending school. They would rise at five in the morning, mount their horses, and ride fifteen kilometres to class. Dressed in traditional rural attire, from the alpargatas on their feet to the ponchos on their backs, the Portelas made the journey every weekday for the next four years.
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Proxy Bid
Proxy bidding places bids on your behalf at the lowest possible increments. Simply enter your maximum bid (the highest amount you are willing to pay).
The goal of proxy bidding is for you to win the auction at the lowest possible price. Your maximum bid is only placed when another bidder also bids up to that amount or when the reserve price is equal to or greater than your maximum bid.
Bids will increase based on the bid increment set for the auction. Therefore, the current bid will equal the former bid plus the bid increment.
Example
An item’s current bid is $3.00, and the bid increment is $0.10. Jane chooses automatic bidding and enters a maximum bid of $6.00, so Jane becomes the high bidder and the current bid reads $3.10.
Straight Bid
Enter an amount higher than the current winning bid (displayed on the auction page as "Leading Bid"), and click on the "Bid this exact amount" radio button below the bid you just entered. Then click the "Place Bid" button. The system will immediately place your bid at the exact amount you entered.
Example
If the current high bid is $1.00, and you entered a straight bid of $15.00, you’re now the current high bidder at $15.00.
Reserve Price
The Reserve is the minimum amount the organization is willing to sell the item. If the reserve isn't met by the end of the auction, then this item will not be sold.
Bid Extension
The auction closing time on an item will be extended by 5 minutes each time a new bid is placed during the last 5 minutes of an auction. The item's closing time will continue to extend in 5 minute increments as long as there is continued bidding. The item will automatically close when there is a 5 minute extension period with no new bids.
Live Event Items
Further bidding will take place for this item during a live auction after online bidding is closed.
Absentee Bids
You can win items at the live event even if you can’t attend! When you are the leader at the close of online bidding and your Maximum Bid has not been met, your Maximum Bid will be used as an Absentee Bid in the live event. The organization running the auction will bid on your behalf up to your Absentee Bid (Maximum Bid).
