- Simply sign-up for a new user account via the “My Account” tab above to start placing bids. After signing up, a password setting email is sent to the provided email address.
- A valid credit card needs to be entered into your Account before entering bids or completing buy-now purchases. (insert instructions here). Please see our Credit Card Policy and Privacy Policy for more details.
Proxy bidding, also known as automatic bidding, is a feature that does the bidding on your behalf, ensuring you remain the highest bidder up to your maximum bid amount. Here’s how it works:
Place your bid: Enter the maximum amount you’re willing to pay for an item. This is kept confidential and not visible to other bidders.
Automatic Bidding: Our system automatically places bids on your behalf, starting at the lowest possible amount and only increasing in pre-set increments to maintain your position as the highest bidder. If another bidder places a higher bid, our system automatically increases your bid to outbid them, up to your maximum limit.
Win at Your Price, with Reserve Consideration: If the auction ends and your bid is the highest, below your maximum, our system will conduct a final check against the reserve price. Here’s how it works in detail:
-
- Matching the Reserve: If your maximum bid is at or above the reserve price, but no one else has bid higher than the starting bid, the system will adjust your winning bid to meet the reserve price, not your maximum bid. This ensures you win the item at the fairest price.
- Example Scenario: Imagine the reserve price is $10000, with the starting bid at $8000. If your maximum bid is $12,000 and your initial automatic bid is placed at $8,000, the system will adjust your winning bid to $10,000 to meet the reserve price by the auction’s end, assuming no other higher bids are placed.
This process ensures that you can win the auction at a price that is fair and reflective of the seller’s minimum acceptable price, without exceeding your maximum bid limit.
A reserve price is the minimum price that the seller is willing to accept for an item. This price is not disclosed to bidders. The reserve price is not shown to bidders. Bids below this amount will not win the auction, even if they are the highest bid.
Meeting the Reserve: Once bidding reaches or exceeds the reserve price, the item is guaranteed to sell to the highest bidder at the auction’s end. If the reserve price is met , it will be indicated in the listing that the reserve price has been met.
Unmet Reserve Price: If the auction ends and the reserve price is not met, we will contact the highest bidder to ask if they would like to match the reserve price.
To maintain fairness and give every bidder a chance to win, our auction system includes an anti-sniping feature. Here’s how it works:
-
- Extended Bidding Time: If a bid is placed within the last 5 minutes of the auction’s scheduled end time, the auction duration is automatically extended by an additional 15 minutes.
- Continuous Extension: This extension process repeats with every bid placed in the final 5 minutes, ensuring no one can win an auction by placing a last-second bid without giving others the chance to respond.
- Equal Opportunity: By extending the auction time, we ensure that all interested bidders have a fair chance to place their bids, making the auction experience more engaging and competitive for everyone.
Vehicle payments can only be made using a Draft, Certified Cheque, or Cash.