The auction system allows sellers to find the true market value of their machinery through a competitive bidding process. When you create or edit a listing to be an auction, you must configure three specific price points:
• Minimum Bid Price: This is the absolute lowest bid a buyer is allowed to place to enter the auction.
• Minimum Offer Price: This serves as your reserve. It is the lowest price you are actually willing to accept for the machine.
• Buy Now Price: This is an optional fixed price. If a buyer selects this, they purchase the machine immediately, and the auction ends.
Managing the Auction Process You are responsible for setting the Auction Duration. Be aware that once this time expires, the listing is automatically removed from public view. You can monitor and manage all active bids from the middle section of your Seller Dashboard. Buyers must be logged in to their accounts to use the "Make a Bid" button on your listing