At 750.Auction, we strive to offer an enhanced wine auction experience for all participants by providing a comprehensive suite of advanced tools and features for both sellers and buyers. Our platform streamlines the auction process and ensures a seamless, secure, and enjoyable bidding environment.
Features for Sellers
- Live Bidding: Real-time updates for ongoing bids, ensuring accurate and up-to-date information.
- Buyout: Option for sellers to set a predetermined price at which the auction can be immediately won by a buyer.
- Make an Offer: Allows potential buyers to submit offers for the seller's consideration.
- Overtime Bidding: Extends the auction duration when a bid is placed during the final moments, preventing auction sniping and allowing fair competition among bidders.
Features for Buyers
- Proxy Bidding: Enables automatic bidding with preset increments, ensuring clients always pay the lowest possible price while remaining the highest bidder.
- Instant Bidding Updates: Provides real-time notifications for bidding activity, keeping buyers informed without the need for page refreshes.
- Bid Retraction: Allows bidders to retract their bids if there are at least 12 hours remaining in the auction.
- Auction Editing Time Limit:
- When there are less than 12 hours remaining in an auction, the seller will no longer be able to edit the listing.
- Auction Sniping:
- If a bid is placed within the final 5 minutes of an auction, the duration will be automatically extended by an additional 5 minutes to allow fair competition and prevent sniping.
- Change Auction Duration:
- Upon receiving the first bid, the auction duration is automatically set to five days.
- Close Auctions Before End Time:
- Sellers have the option to end their auctions early. By default, auctions can only be closed ahead of schedule if there are no bids or if the highest bid is lower than the reserve price.