How an Auction works

Parameters

These are the parameters that make an auction work:

Staring Price: Bidders start from this price and increase onwards.

Reserve Price: The minimum price you are willing to sell at.

Buy Now Price (Optional): The price you want to sell at. If you set a buy now price, a bidder can just buy it immediately, which will end the auction. A ‘Sold’ notification and email will be sent.

End Date and Time: The deadline for the auction.

After the Auction Ends

Sold

The auction ended with a winning bid that is above the reserve price, or a bidder bought it at the buy now price. You can proceed by following this guide here.

Ended

The auction didn’t receive any bids, or the highest bid was below the reserve price. In this case, you can repost your item by following the guide here.