Planned auction rules

One lifecycle for every category.

These settings are locked for implementation but do not govern a transaction until they are displayed on a published lot and enforced by the production auction service.

Seven-day default

Auctions run for seven days unless the published lot states an approved override.

Manual or proxy mode

Each auction declares its bid mode before opening. Proxy maxima remain private and the server advances by the applicable increment.

No reserves

A published lot has no hidden reserve. The highest valid bid wins when the extended closing time passes.

Repeatable soft close

A valid bid in the final two minutes extends closing by two minutes. This repeats until two clear minutes pass.

Payment and collection

Payment is due within 48 hours. Pickup is due within five business days; shipped lots use confirmed delivery.

Know your responsibilities

Buyer rules and seller rules explain the planned obligations for every item.