Buy Used Guns in Australia

How to Setup an Auction

 

Reserve Prices and Starting Bids

When you post an auction listing, you can set a Starting Bid and/or a Reserve Price.

 

A Starting Bid is the least amount a bidder is allowed to bid in an auction, and is the price at which the bidding starts. If an auction has a Starting Bid and no Reserve Price, the high bidder on the item will win the item when the listing ends. Every auction has a Starting Bid, even if the Starting Bid is $.01.

 

A Reserve Price is the least amount you are willing to sell the item for. Bidders are not able to see your Reserve Price. A bidder can place a bid that is lower than the Reserve Price, but the item will not be sold until the bidding meets or exceeds the Reserve Price.

 

Reserve Price auctions are often unpopular with bidders because the Reserve Price is hidden, and they must bid until they meet or exceed this price. We recommend you set your Starting Bid to the least amount you will sell the item for, and let the bidding begin at that price. When priced fairly, the item will probably sell for a higher price than your Starting Bid.

 

Watch Our Youtube Tutorial  How to Setup a Firearm Auction

 

Fixed Price versus Auction Listings

When you list an item, you select whether to sell the item as an Auction listing or as a Fixed Price listing.

 

If you select Fixed Price when you list the item, you enter the Fixed Price amount, and the buyer can purchase at the specified amount. You can optionally allow customers to send you offers to purchase. With "Allow Offers" selected in your advertisement setup, you will allow buyers to submit offers to you for consideration.

 

If you select Auction, you enter a Starting Bid, a minimum and maximum bid increase and a reserve price

 

Here is a comparison:

 

Fixed Price

These items sell only at the price you set, and there is no bidding. The buyer purchases the item at that price.  Fixed Price does NOT allow you to list multiple identical items at the same price. ( 1 x Advert per item up forsale).

 

Allow Offers

Sellers can additionally use the "Allow Offers" system with Fixed Price Listings. This allows sellers to specify their willingness to entertain offers. 

 

Auction

Buyers place a bid in an auction by entering a Maximum Bid, that is, the maximum amount they are willing to pay for the item. They bid up from the seller's Starting Bid along with other bidders. When the listing ends, the highest bidder wins the item and completes the purchase.

 

No Offers During Auction!

Auction listings are not permitted to removed from Auction once the Auction has begun. The member cannot sell the item by other means once the Auction has started. "Allow Offers" is not permitted during the Auction.

 

For additional information on pricing, see Buy an Advert Plan.

For additional information on Auction Setup, see How to Setup a Firearm Auction.