etzee

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84 posts tagged bidding

bidding

Auction words, explained

Increment, reserve, pre-bid, maximum, sudden death, second chance, under-bidder. Every term you will meet in a show.

The Metzee team1 min read
bidding

The last ten seconds of an auction

A close reading of the most interesting moment in the product — and what the clock is actually protecting.

The Metzee team2 min read
bidding

How an auction finds a price

A room of people revealing what they will actually pay produces a truer number than any seller guessing. Except when it does not.

The Metzee team1 min read
bidding

What is a pre-bid?

A sealed bid left before the auction opens, where the seller allows it. You see whether yours is on top — never anybody's amount.

The Metzee team1 min read
bidding

What is a maximum bid?

The most you are willing to pay. Metzee then bids for you — the smallest step that keeps you on top, never past your number, and nobody is ever told what it is.

The Metzee team2 min read
selling

What is a reserve price?

A hidden minimum. The item only sells if the bidding reaches it, and buyers never see the number.

The Metzee team1 min read
bidding

What is a second chance offer?

The winner did not pay, so the item is offered to you — at your own bid, with twelve hours to decide.

The Metzee team1 min read
payments

What happens if I do not pay for something I won

The order is cancelled, a strike is recorded, and the item goes to the next bidder. Said plainly so nobody finds out the hard way.

The Metzee team1 min read
bidding

My bid is not going through

Five causes, in the order they actually happen, each with the fix.

The Metzee team1 min read
bidding

Why did the timer go back up?

On most items a bid in the last seconds pushes the clock out. On sudden-death items it does not — and that difference is worth knowing before you wait.

The Metzee team2 min read
bidding

Can I take back a bid?

No. A bid is an offer the seller can accept, and an offer you can withdraw is not an offer.

The Metzee team1 min read
bidding

How bidding works on Metzee

One bid, one step, everyone sees it in the same order — and the clock extends rather than cutting an argument short.

The Metzee team3 min read

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