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WelcomeHIGH BID AuctionLOW BID Auction
Thu, 24 Jul 2008 17:42:53 UK time
    
The Low Bid Auction 
   

What do I do?

1. Simply choose the lowest price that you think that no one else will offer and enter it as your bid.

2. Once the preset maximum number of bids have all been placed, the auction will then automatically be drawn, and if yours is the lowest unmatched (i.e. unique) bid, then you can purchase the item from us for the low price you have offered.

3. As soon as one auction is closed another will be opened. So if you don't win first time round, there will be lots more chances to bid again and choose that winning bid.

  • Buy products at a fraction of their retail price!

  • Excellent 'odds' of winning (i.e. we have a limited number of competing bids).

  • All products are brand new, with manufacturer's guarantee.

What is a 'lowest unique bid'?

A 'lowest unique bid' is the lowest bid placed, that no one else matches. For example:

Bid 1: £1.00

Bid 2: £1.00

Bid 3: £2.00

Bid 4: £2.00

Bid 5: £2.00

>> Bid 6: £3.00 <<

Bid 7: £5.00

Bid 8: £6.00

Bid 9: £6.00

 

In the above example, the winning bid is £3.00 because it is the lowest bid, which no one else has offered.

Does this really work?

Check out the results here where you can see details of over 300 people who have already saved themselves nearly £300,000 in our LOW bid auctions.

** Mini Cooper S for £5? **

Over the last year, we have sold 10 brand new Mini Cooper S cars.Each one went for less than £106. In fact the average price paid was £55 and the best to deal of all was to one rather pleased Mandy Glassberg from London who saved herself nearly £16,000 by getting her car for £5!

**32-inch Sony Bravia for £6? **

We have recently sold a 40" Sony Bravia TV for £6, an 80GB Apple iPod for £22 and a pair of Bose QC2 noise cancellation headphones for £12.

** 209 iPods for £13 each? **

In all we have sold 41 LCD/Plasma TV's for an average of £59, three really spoiling Mauritius holidays (5-star) for an average of £27, six Cartier or Tag Heuer watches for an average of £26 and 209 iPods have gone for an average of £13 each.


OK, so if  I do decide to have a go  what do I do next?

Here is what you need to do:

  • Browse the Lots and enter the amount you would like to offer in the "Bid Here!" box. (Your bid will then be instantly displayed in “Your Basket” on the web page)

  • Once you have made as many bids as you want, click finalise on “Your Basket”

  • Make any final amendments to your bids then click “Checkout”

  • Fill out your contact and payment details and click "Submit".


Or, if you would prefer to deal with a human…


  • Browse the Lots and decide which you would like to bid for.

  • Call us at Auctionair on 087 007 28284 and place your bids over the phone.
    (Please note, this is not a call centre, it is our Customer Service Team and they are based in a converted stable block in the Warwickshire countryside. They will be delighted to talk to you and we think you will find them to be very nice people. However, because they are human, they are only available to call during weekdays and normal office hours.)

We will email the results to all participants whether or not they win. You may bid as many times as you like, up to the maximum number indicated on each Lot. The Bidding Form takes up to five bids per credit card transaction.

What happens if I'm a winner?

If your bid is a winning one, we will contact you by phone or e-mail. You will then have 24 hours to confirm whether you want to go ahead and a further five days in which to pay, by credit card, cheque or bank transfer. Please note that your winning bid is not binding, but if you do confirm that you wish to go ahead, you will then be making a binding commitment, so don’t say yes until you are sure.

Terms & Conditions


 

To see full terms & conditions for the Low Bid Auction click here .


 

Want to know more?

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What is your business model? How do you make money?

This is a promotion to persuade you to try using the Auctionair sealed bid system. We earn income from the entry fees from bidding. Our costs are advertising and promotion, web site build & maintenance, sales & fulfilment plus the loss we take on the winning item. The Low bid cannot sell large volumes of Lots, so we set the number of bids required to cover our costs. Over 40% of our customers bid again, often using our other bidding systems. It is the repeat business from those customers that really sustains us and generates our sustainable profits. So if you do bid, persuading you to come back again is very important to us.

What happens if I'm a winner?

If your bid is a winning one, we will contact you by phone or e-mail. You will have 24 hours to confirm whether you want to go ahead and a further five days in which to pay, by credit card, cheque or bank transfer.

How do I keep track of my bids?

You will open an account in order to bid and you can see the status of your bids on your account page when you log in again. We will also email you the final results of the auction once all the winners have been finalised. (This is usually about 4 days after the close.)

Can I check out the winners?

Find out for yourself at the Results  section on this site, where all the Low bids made, including all the winners are available for your scrutiny.

Good luck

Thanks for reading all this. Best of luck if you do decide to have a go…

 
 


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Last Updated: 27-Feb-2007


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