What is a timed auction (or "online" auction")?

ONLINE sales are auctions during which lots are put up for auction for a certain number of days defined by the auctioneer, on which you can bid continuously until the timer runs out. Any bid placed on a lot in the last minute restarts the timer at 60 seconds to allow you to bid for as long as you wish. The last bid at the end of the timer will be the winning bid. There are two ways to bid on ONLINE sales published on Interencheres:

  • Direct bids: until the timer on the lot runs out, you can bid the amount you want from your computer or smartphone. All you have to do is enter your bid amount on the lot page and validate it, or validate the next bid suggested to you. If you bid within a few seconds of the end of the timer, an additional 60 seconds will be added so you can bid before the lot closes in the ONLINE auction.
  • Automatic bids: These bids are also available for ONLINE sales. The principle is the same: you deposit your maximum amount and bids will then be placed for you automatically and digitally against the other bidders. The maximum amounts of the automatic bids are not disclosed to the auctioneers. This means that bidders are guaranteed a purchase at the fairest price if they win the auction.

You can see these ONLINE sales on our site by looking for the orange icon and the orange border on the lots.

For any further information, our Customer Service is available 7 days a week at contact@interencheres.com

Was this article helpful?
220 out of 231 found this helpful