Auctionair™
is unique. We operate rather
like a buying club... But allow us to explain our unique combination. We have:
Scale
Buying power due to our scale (we had over £140 million
worth of bids placed in our last 12 auctions)
Promotional value
We generate significant promotional value
to the Lots that we offer, because the auction is promoted widely to prestigious
audiences.
The combined
effect allows us to negotiate extremely favourable prices with our Lot suppliers
- something that you might benefit from...
Furthermore,
when we run a charity initiative it provides a highly tax-efficient way for our
suppliers to donate to a good cause.
Remember how
it works…
Bids are "sealed". No one knows what bids have been
placed until the auction closes and the bids are compared. At that point the highest
bid placed wins.
You pay a small entry fee of up to £5 per bid to
take part.
Multiple Winners. For most Lots there
is a Secret Price
above which the
supplier will allow us to accept every bid, so even
if you don't offer the highest,
you can sometimes win anyway. We only disclose the highest bid, so you will never
know what the Secret Price is. (This allows our suppliers to discreetly move inventory
without undermining published prices, something else you can really benefit from).
What are the
biggest mistakes that Auctionair bidders make?
Don’t bid
too low:
Although
we usually have very low minimum bids on our lots, please don't imagine that this
is a lottery. Most first time bidders bid too low.
Don’t bid
too high:
In most auctions
we will receive a number of unnecessarily high bids. However because the bidding
is non-binding, these customers will usually decline! (when we call to accept their Auctionair™ –
bid and ask for payment). We then contact
the next highest
bidder and so on (in a process we call "trickle down") until we get to the highest
serious bid and the Lot is sold.
So there
is no Auctionair™one point in your wasting your Entry Fee on a bid that you
are not serious about.
Again our
best advice is to bid the maximum that YOU personally are actually prepared to pay
for the item in question: That way you will be in a position to say, "yes I'll take
it" when we call you!
How should my bid compare to
worth?
Every auction and every Lot is different,
and it is of course up to you to name the price you would really pay. All that we
can guarantee is that we will sell to the highest bidder above our reserve price.
However,
over time, the following pattern has emerged:
- 4.1% of
winning bids have achieved 60% discount or better
- 27% of
winning bids have achieved 40% discount or better
- 81% of
winning bids have achieved 20% discount or better
What about the
"worth" value for each Lot?
Please note
that we generally quote the upper end of prices that we know people are prepared
to pay, not the lowest. We always quote “worth up to…” and where possible,
we quote the High Street price, the supplier’s suggested
retail price or similar.
Please also note that once a lot is open for bidding, we do not keep track of price changes
and you may find that cheaper prices than our quoted worth figure can be found in
sales, stock clearances or special website promotions.
Other useful tips
You may bid
for as many items as you want
Tell me obout the winners?
Our top 400
High Bid customers have now spent over £2 million getting themselves the latest
technology, exotic fashion items, fab five star holidays and exotic weekend escapes.
Why? Because they have secured excellent deals on products that cannot usually be
obtained at a discount.
One of our
best customers has bid in 33 auctions, won 27 times and has saved himself over £32,000!
His tactic is to make multiple bids at 25-45% off and to always bid again, with
a slightly higher bid, when offered a Second Chance. He will then usually have several
winning bids, but it is only at that point that he actually decides which ones he
wants! So for his entry fee he secures himself the option on a choice of fantastic
products not normally available at discount.
Our first 70,000
signed up users have, between
them, had over 12,500 winning bids. So there really are plenty of chances to win.
Check it out for yourself at the Results
section on this site, where the last 2,000 winning bids are available for your scrutiny.
Conclusion
You now have
the full inside story. This is a terrific secret and it works! So get bidding, good
luck!
Auctionair™
- we think this is the smart way to buy the best... at great prices!