Bonded Auction services. Enormous online jewelry auction site.





  BIDDING                
ABSENTEE BIDS
REALISTIC EXPECTATIONS
WINNING BID
BUYER'S PREMIUM
BIDDING TIPS

 Bidding Tips

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

A

1 times Money: (also known as "1 times Bid") occurs when individual lots are placed into an indivisible group, and the auctioneer requires a bid amount for the entire group. The winner thus bids for and receives all items in the group. Because of the nature of the grouping, no absentee bids can be considered, even if absentee bids have been placed on any lot in the group.

Absentee bid: Any bids placed by authorized users before the start of the event. eBay Live Auctions collects absentee bids up to 1 hour before the start of the auction. Find out how absentee bidding works.

Administrative contact: Person responsible at the auction house for responding to all your administrative questions related to the upcoming auction in areas such as registration, lot preview information, shipping, schedule clarification, etc. You can find this information on the auction overview page for any upcoming auction.

Ask Price: Price asked by the auctioneer from the bidding audience for a given lot. Usually, the amount equals the current price plus a pre-determined bid increment.

Auction house: Licensed commercial venue at which goods or property are sold in a format where intending buyers bid against one another for individual items. Each item is sold to the bidder offering the highest price.

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B

Bid increment: The amount by which the price of a lot is increased as potential buyers bid on it. Bid increments usually vary by price range. For example, if the current price for a lot is $1,000, the next bid amount may be $1,100, with a bid increment of $100. If the price is $10,000, the next bid amount may be $11,000, with a bid increment of $1,000. You can find the bid increment table to be used in an upcoming auction by visiting its auction overview page.

Bidder authorization requirements: Information that must be submitted by potential bidders in order to participate in an upcoming event. Each auction house specifies what form of identification is required to participate in their auction. All Live Auctions bidders must be registered eBay users and usually need to have a credit card on file with eBay.

Buyer's Premium: Amount paid by the buyer to the auction house for every purchase in a live auction. This premium is usually a percentage of the final price of a lot. For example, if a bidder wins a lot at $1,000, they may have to pay an additional $100 (10% of the winning bid) to the auction house. You can find the buyer's premium percentages to be applied in an upcoming auction by visiting its auction overview page.

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C

Choice with a minimum: (also known as "Privilege with a minimum") occurs when lots are placed into a divisible group, and the auctioneer requests a bid amount for only one lot. The winning bidder must buy at least the minimum number required by the auctioneer, and the lots are purchased in sequential order, starting with the first lot in the group. For example, if the auctioneer announces, "Choice of 10 lots with a 5 minimum", the winning bidder must buy at least the first five lots, but can buy the first six, seven, eight, nine or all ten lots. Because of the nature of the grouping, no absentee bids can be considered, even if absentee bids have been placed on any lot in the group.

Choice with no minimum: (also known as "Privilege with no minimum") occurs when the auctioneer requests a bid amount for only one lot, and the winner is allowed to choose and purchase any lot in the group. There is no minimum number of lots that must be purchased and the selection does not have to be sequential. Because of the nature of the grouping absentee bids are considered.

Auction currency: Since eBay Live Auctions is used widely by auction houses from all over the world, auctions can be conducted in different currencies. The auction currency is the currency that seller selects to use for its particular live auction event. For instance, if an auction house chooses Euro as the auction currency, all bids and payments to the seller must be made in Euro. Once the auction currency selection is made, all price information such as estimate and ask price in the auction will be presented in that particular auction currency.

Auction currencies that we use on the site are:

Australian Dollar AU $
Canadian Dollar C $
Chinese Yuan Renminbin CNY
Danish Krone DKK
Euro EUR
British Pound GBP
Hong Kong Dollar HKD
Japanese Yen JPY
Norwegian Krone NOK
Swedish Krona SEK
United States Dollar US $


If the auction currency is not in US dollars, eBay provides estimated converted amounts in USD as reference points. You can also get estimated converted amount in currency of user choice using Currency Calculator available on view item pages. Estimated converted amount is not the exact amount that you will pay the seller if you win an auction. Actual settlements will be made between high bidders and sellers independently, using the exchange rate at the time of billing, which may be different from the rate that eBay uses to provide estimated converted amounts.

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E

Estimate: Expected price for a lot set by the auction house based on previous sales of similar items.

Expert contact: Person responsible at the auction house for responding to all your questions on specific lots in upcoming auctions (see also administrative contact). The expert contact should be able to help you with all questions relating to the relevant collecting fields and art categories, including condition reports, valuation, history behind each object, or previous ownership. You can find this information on the catalog overview page for any upcoming auction.

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F

Fair warning: A notice from the auctioneer that the auction is about to be closed for a particular lot. If you are still interested in buying an item and you see the "Fair warning" sign, hurry up and bid!

Feedback Forum: An important eBay feature that allows users to instantly check the "reputation" or business practices of anyone at eBay. The Feedback Forum is a place where eBay users leave comments about each other's buying and selling experiences. Visit the Feedback Forum on eBay Live Auctions.

Floor bidders: Bidders participating offline in an auction. Offline bids can take the form of absentee bids placed in person or via fax, real time phone bids, or by a bidder physically present on the auction room floor during an event.

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I

Internet bidders: Bidders participating in an auction from the Internet. In other words, eBay users who bid online either before or during the live event.

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L

Location: Area from which most of the lots in a given catalog will be shipped to the winning bidders. You can find this information on the catalog overview page for any upcoming auction. Lot: Live Auctions term for "item". Each lot is comprised of one or more pieces that are sold as a group during the live event. Potential buyers bid on the lot as a whole. To view all lots in upcoming Live Auctions, just click on "Browse" on the top of any page. Lot preview information: Place and time where the lots in a given catalog can be previewed in person. If this is close to you, stop by and check out the merchandise that will be auctioned. You can find this information on the auction overview page for any upcoming auction.

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N

N times Money or "Times Money" (also known as 'times Bid") occurs when individual lots are placed in an indivisible group, but the auctioneer requests a bid amount for only one lot in the group, with the understanding that all lots in the group will be purchased by the winner. In this case the amount the winner pays equals the winning bid multiplied by the number of lots in the group. Because of the nature of the grouping, no absentee bids can be considered, even if absentee bids have been placed on any lot in the group.

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R

Real time or Live bidding: Contrary to absentee bidding, real time bidding refers to bids placed by Internet or floor bidders when the live event is taking place. You don't have to be at the floor of the auction house to bid live - you can do that right from your computer using our real-time bidding technology. Browse the catalog for one of our upcoming sales and get ready to bid!

Registered user: A user who has registered to trade on eBay by providing us with their contact information. If you are not a registered eBay user, you can register now.

Reserve Price: The lowest price at which the seller is willing to sell his or her lot. This price is generally higher than the minimum opening bid. In order to win the auction, a bidder must meet or exceed the reserve price and have the highest bid. If no bidders meet the reserve price, neither the seller nor the high bidder are under any further obligation to complete the transaction.

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S

Sale: Sale, event, or auction refer to the actual live event where the lots are auctioned off to the public. Sometimes, a sale can take place over multiple days.

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V

Verified user or User verification: A verified user is a registered user who has provided eBay with further proof of identity. You can become a verified user by placing a credit card on file or by providing an alternative ID through the Equifax process. If you submit your credit card, it will not be charged - all information provided is used for identification purposes only.

Viewing: Watching the event while it is taking place without access to bidding functions. By viewing the auction you will be able to follow the bidding activity happening both offline and online in real time. Only registered eBay users who have signed up for an event can bid live during the auction.

 

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