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What is a reserve price?
A reserve price is a hidden minimum selling price set by the seller and SongVest. It is also the lowest price that a seller is willing to accept for an item. If no bids meet the reserve price when an auction ends, the seller is not required to sell ...
How do VIP Auctions work?
During the VIP Auction period, participants can make non-binding bids on a fractional share of the royalty stream. The number of royalty share units available will vary for each auction. Once all units have sold out at a certain price, it will ...
What documentation do I need to provide in order to sell my royalties?
To have your royalty stream listed on SongVest, you will need to provide us with the following information: What you’d like to sell (i.e. for music: songwriter’s share of performance royalties, mechanical royalties, production royalties, etc.) The ...
What happens if my royalties don't sell?
If your auction fails to reach its reserve price, you have the option to have SongVest negotiate on your behalf with the highest bidders to strike a deal. Otherwise, there is no sale. SongVest charges no fees for auctions that fail to sell.
What happens during a VIP Sale or a Public Sale?
After a VIP Auction is complete, participants who had a winning bid at the close will have the first opportunity to buy their SongShares at the price set during a VIP Sale. These bidders can purchase UP TO the number of shares they had as part of ...