On this step you can set the following:
Auction type:
This is a single quantity auction
Dutch auction enables you to list a multiple quantity auction, for example if you have 100 pens to sell you can list all of these together in a single lot. Bidders will be able to select how many they wish to bid for.
Currency:
You can select your preferred auction currency using the drop down menu available
Quantity:
This field is only active if listing a Dutch auction, please see above for an explanation of this listing type
Auction Starts At:
This requires you to enter the minimum bid you are willing to accept, you can also set a reserve price to ensure you do not sell the item for this amount. Please see below for more information on this.
Reserve Price:
Enabling a reserve price affectively means you will not sell the item for less than the amount set, for example you can set the start price at 5.00 but only accept winning bids over 50.00, should a bid be placed for 49.99 the item will close without a winner.
Buy out:
If the option is available you can use “Buy Out” to purchase the item immediately without having to place a bid.
For example you can set the start price to $10.00 but offer interested parties the option to buy the item immediately for $100.00.
You can also list buy out only auctions, these auctions remove all bidding options meaning the listing can only be purchased for a set amount. To set a buy out only auction you need to set the buy out value to be exactly equal with the start bid.
Bid increment:
This option can be used to set your own custom bid increment if preferred.
Item featuring:
The following options are available to you (fees may apply), these will highlight your item on site to ensure they reach more visitors:-
- Home page featured
- Category featured
- Bold text
- Highlighted background
Set start/end time:
You can either opt to list your item right away and set a defined number of days for it to be live for or you also have the option to define your own custom start/end time.
Private Auction:
Private auction will hide the bidders identity on the item details page.
Image upload:
To accompany your item you can either upload images from your local computer or enter the URL of an image(s) hosted elsewhere
Auto Re-List:
For convenience you can opt to have your items automatically re-listed for you, options are available to allow you to select whether the item should be re-listed if sold and how many re-list attempts should be made.
