HOW TO LBA

AUCTIONS ARE SIMPLE WHERE ALL YOU HAVE TO DO IS BID TO TRY AND WIN, AND COMPLICATED WHERE THERE ARE MANY DIFFERENT RULES AND TYPES OF AUCTIONS.

HERE, WE’VE CREATED A LITTLE “STARTER GUIDE” TO GIVE YOU AN UNDERSTANDING OF AN LBA AUCTION, AND WHAT TO DO.

AUCTION TYPES

TIMED AUCTION

CUSTOMERS HAVE AROUND 5-7 DAYS TO PRE-BID ON AN LBA AUCTION. WHEN WE GO LIVE, WE GO THROUGH ITEMS ONE BY ONE UNTIL THE AUCTION HAS FINISHED.

FOR EACH ITEM, WE START THE TIMER WHEN WE ARE DISPLAYING THE ITEM LIVE, AND YOU HAVE YOUR LAST CHANCE TO WIN THE ITEM.

NO TIMER AUCTION

SAME AS A TIMED AUCTION, EXCEPT THE AUCTIONEER DECIDES WHEN BIDDING IS FINISHED – NOT A TIMER.

CUSTOMERS CAN PRE-BID BEFORE ATTENDING, WITH A LITTLE TWIST – IN THIS STYLE OF AUCTION, EVERYONE CAN SEE WHO THE HIGHEST BIDDER IS, AND IF THERE IS A NEW HIGHEST BIDDER.

STARTING PRICES

BIDDING

PRE BID

BIDDING BEFORE AN AUCTION IS LIVE IS A VERY EFFECTIVE WAY OF WINNING AN ITEM. IT MEANS THAT THE ONLY WAY YOU ARE GOING TO MISS OUT, IS IF SOMEONE BIDS HIGHER THAN YOU.

BUT IF NO ONE BIDS DURING A LIVE AUCTION, THE TIMER RUNS OUT OR THE AUCTIONEER ENDS THE BIDDING, AND THE ITEM IS YOURS.

QUICK BID

THESE ARE DESIGNED TO GET YOUR BID IN AND PAY THE LEAST AMOUNT POSSIBLE. IF SOMEONE IS A HIGHER BIDDER THAN YOU, YOU CAN USE ONE OF OUR QUICK BID BUTTON OPTIONS – WHERE YOU CAN BID $10, $30, OR $50 MORE THAN THE CURRENT WINNING BID.

SNIPE BID

YOU CAN USE A QUICK BID OR MAKE YOUR OWN CUSTOM BID, THE CHOICE IS YOURS DURING LBA. AND YOU CAN USE EITHER OF THESE OPTIONS FOR A “SNIPE BID” – WHERE YOU WAIT UNTIL THE TIMER GETS CLOSE TO ZERO, AND YOU GO FOR IT!

BEFORE YOU BID

CHECK ITEM CONDITION