Auction Rules
These rules define how bids are handled, when a sale is binding, and what enforcement actions may apply.
Bid Binding Status
Bids and accepted commercial actions are treated as binding purchase intent, subject to platform acceptance checks, invoicing, payment compliance, and fraud/risk controls.
Auction Duration and Extensions
Standard auction duration is typically 3 days. Soft-close anti-sniping may apply: valid late bids can extend closing by 120 seconds, up to a configured cap.
Reserve and Unsold Outcomes
If reserve is met/exceeded, the winner is invoiced. If reserve is not met, internal decision routes may include underwriter acceptance, release to Buy It Now, Make Offer flow, or relist strategy.
Withdrawals and Anti-shill Rules
Bid manipulation, collusion, shill bidding, and attempts to bypass marketplace controls are prohibited and may trigger account restriction, suspension, or termination.