Creating an Auction: Auction Details

Auction details are added to each auction through the Edit Auction page.

Edit Auction Details

You will not be able to publish an auction until all of the required fields are included in the auction details. This chart will further explain each part of the auction details.

Title: A short, descriptive title that is visible to bidders.

Auction Type (BP): Determines the BP added to winning bidder invoices. These options are set by the Site Administrator.

Auction Categories: Identifies the general category/ies of assets included in the auction. Bidders can use this to filter the auctions they see.

Pass Phrase: For use on an invitation-only auction; otherwise leave blank.

Image Base URL: Autofills unless Auctioneer is using Wavebid software (not recommended).

Description: Additional details about the auction; visible only on the main auction page.

Notes: Additional details about the auction; appears on every lot page of the auction.

Terms: Auction specific terms that the bidder agrees to prior to bidding (ex: payment types accepted; appears on every lot page of the auction).

Shipping: Detail what shipping options, if any, are available on this auction.

Bid Increments: Fixed by the Site Administrator.

Auction Start/End: Select the exact start and close times for your auction from the dropdowns.

Inspection: Select the dates and times for your inspection (create a new entry for each day if multiple dates offered) OR check the "by appointment only" box.

Removal: Select the dates and times for your removal (create a new entry for each day if multiple dates offered) OR check the “by appointment only" box (not recommended).

Staggered Closing: Controls how many lots close at one time.

Automate Invoices: Automates the generation and sending of invoices after a sale has ended. This should always be checked unless advised otherwise.

Invoice Footer: Optional text displayed on the bottom of bidder invoices. Can be saved as a template for future auctions.

Tax Rate(s): Applicable sales rate to be added to each lot. State sales tax is required; additional taxes are optional. Enter as a whole number and decimal, i.e. 6.875 (not 0.06875).

Total: Populated total sales tax rate. Verify against sales tax rate for the location of the sale.

Address: Provide the exact physical address of the auction (i.e. where the removal is happening). Additional directions may be included in the Notes section of the auction. This can be saved as a template for future auctions.

Latitude/Longitude: This will populate based on address information. Verify the map is correct.

Phone Number: Main contact number for the auction. This will be included on every lot page of the auction and on the invoice that the winning bidder receives.

Select Save Draft at the bottom of the page.