Register with Auctions
Register with Auctions and become eligible to bid, as well as list your
own auctions. Once you've logged in as an Auctions user, this
space will provide you with personal account and auction information.
Register | Log
In
|
|
|
|
 |
- Listing Fee-
- Initially, listing an auction on Auctions.DeseretBook.com is
free. The number of free listings available to each user per week
is determined by the feedback ranking (see chart
below). Once a user's weekly allotment of free listings is exceeded, a
flat fee of $.25 will be charged for each additional auction listed.
| Feedback Ranking |
Free Listings per
Week |
| less than 0 |
0 |
| 0 |
3 |
| 1-5 |
5 |
| 6-25 |
10 |
| 26-100 |
15 |
| 101-250 |
18 |
| 251-500 |
20 |
| 501-1000 |
25 |
| 1001 and above |
30 |
- Bid
Increment-
- The necessary minimum amount that a bidder must bid above the current high bid, in order to place the next bid. The bid
increment is on a graduated scale--the higher the bidding, the larger the
minimum bid increment.
| Current High Bid |
Minimum Bid Increment |
| $25.00 and under |
$.50
|
| $25.01 to $100.00 |
$1.00 |
| $100.01 to $250.00 |
$2.50 |
| $250.01 to $500.00 |
$5.00 |
| $500.01 to $1,000.00 |
$10.00 |
| $1,000.01 to $2,500.00 |
$25.00 |
| $2,500.01 to $5,000.00 |
$50.00 |
| above $5,000.00 |
$100.00 |
- Closed Auction-
- An auction that is not currently active, and on which no bids may be
placed. An auction is scheduled to close at the time shown on that
particular auction screen (make sure to refresh your screen in order to
ensure that the time you see is a current, and not a cached version).
If a bid is placed within the last ten minutes of an auction, however,
the duration of that auction is reset to ten minutes. Therefore, no
auction can end until there have been no bids for at least ten minutes.
This protects bidders from being unknowingly outbid at the last second,
while also benefitting sellers by not closing an auction in which people
are still interested in bidding.
- Closing Fees-
- The Closing Fee is a small percentage of the final sale
price of your auction. Therefore, if your auction recieved no bids,
or if your reserve was not met, there is no closing fee. Closing
fees are automatically assessed at the close of an auction. If the actual
sale between a seller and a buyer falls through, or in the case of other
extenuating circumstances, it will be the seller's responsibility to contact us to petition for a
refund. For dutch auctions, the Closing Fee is
determined by the Final Sale Price (the lowest
successful bid) multiplied by the number of items that were sold.
| Final Sale Price |
Closing Fee |
| $25.00 and under |
5%
(max. of $1.25) |
| $25.01 - $1000.00 |
$1.25+2.5% of any amount over
$25.00
(Total max. of $25.63) |
| $1,000.01 and up |
$25.63+1.25% of any amount
over $1000.00 |
- Current High Bid-
- The bid that is currently winning the auction. A bidder wishing to
outbid the current high bid will need to beat it by at least the amount of
the bid increment.
- Dutch Auction-
- An auction in which the seller is auctioning off more than one of
identical items. In the case of a dutch auction, the lowest winning bid is
the price that
all the winning bidders pay.
EXAMPLE: Sam has a dutch auction for 4
copies of an out-of-print book. There are bids placed at $60, $55, $54,
$25, $15, $12, and $7. Since there
are four books being auctioned, the highest four bids ($60, $55, $54, $25)
are the winning bids. All four now pay $25 (the lowest winning bid) for
their books.
- First Bidder 10%
Discount-
- This means that the seller has elected to give the first bidder 10%
off of the final sale price, should he win the auction.
This is a way for the seller to encourage people to bid early, and to give
the first bidder added incentive to continue bidding. This offer is valid
for the first bidder only. If another bidder wins the auction, then the
full price is charged.
- Final Sale Price-
- This is the amount of the winning bid that appears on the auction
page. This is the amount used to calculate any related functions, such as
the closing fee. If a first bidder
discount is in effect, then that is factored in afterwards.
- Featured
Auction-
- Featured Auctions are not only listed on our homepage and at the top
of their respective category pages, but are also featured in a special
Auctions.DeseretBook.com newsletter that is sent twice-weekly to
interested customers and users of the Auction forum . This option is
definitely the best way to get the most exposure, especially if you are
listing a high-priced item.
- Feedback
Rating-
- The feedback rating is the number to the right of a user's name. It
is an indicator of the satisfaction level that other users have reported
having with this person in the past. A feedback rating can be used as a
tool in gauging whether a buyer/seller is reliable and easy to work with.
A positive feedback review results in on point, a neutral review garners
no points, and a negative review deducts a point from a user's total.
As a part of the new fee structure, feedback
rankings also play an important part in determining when a fee is charged
for listing an auction.
- Item
Description-
- The information included in the "About This Item" section on an
auction page. The item description should provide accurate information
that helps the bidder make an educated decision in regards to the item
being offered.
- Instant Buy Auction-
- An Instant Buy Auction is an auction in which the first person to bid instantly wins the auction. Once a single bid is placed, the Instant Buy Auction immediately closes.
- Nickname-
- As part of our Auctions.DeseretBook.com site, we require users to have
a nickname or alias under which they can buy and sell. Although the
identity of a user would still be known to us, it would allow them to buy
or sell with a certain degree of privacy that is integral to an online
auction forum.
Nicknames can be anything you like, provided that:
- Your nickname is at least three characters long
- Only letters (a through z), numbers (0 through 9), and hyphens are
used
- Your nickname must is unique (if someone else already has the nickname
you enter, you'll need to choose another)
- Your nickname is in good taste
- Number of Bids-
- Number of total bids, or price increases that have occurred as part of
an auction. May include multiple bids by the same person.
- Official
Auctions.DeseretBook.com time-
- The official time by which we measure the "Time
Left", and other time-related functions. The official
Auctions.Deseretbook.com time may be found in the upper lefthand section
of an auction page, beneath the header and above the title line. By sure
to refresh or reload your screen when viewing the time, since your browser
may still be displaying a cached version with an earlier time.
- Open Auction-
- An auction that is currently active, and on which bids may be
placed.
- Post-Auction
Fees-
- Fees that are assessed at the close of an auction. Currently the only
Post-Auction fee is the Closing Fee.
- Proxy Bidding-
- A system in which the bidder indicates his maximum bid for an item,
and then allows the "proxy bidder" to place automated bids for him, until
he reaches his maximum amount.
Like other auction sites, we use proxy bidding. That means that when you
bid, you indicate the maximum that you are willing to bid. Your maximum
bid is not shown to other bidders. We keep that information on hand, and
our proxy bidder automatically raises your bid as is necessary to keep you
as the high bidder, until the maximum limit that you have set is reached.
Proxy bidding not only allows a bidder to not bid more than he has to in
order to remain the high bidder, but also frees the bidder from having to
constantly sit in front of the computer, checking to see if he has been
outbid.
EXAMPLE: Sam is bidding on an
out-of-print copy of "Who Am I?" by Alvin R. Dyer. The current high bid on
this book is $10. Sam is willing to pay up to $40, if necessary, to buy
this book. Sam types $40 dollars into the "Your Maximum Bid" field on the
"Enter Your Bid" page. The proxy bidder now shows Sam as the high-bidder
on the book, with a bid of $10.25 (previous high bid, plus the minimum bid
increment of $.25). If someone were to now bid $15.00, Sam's bid would
automatically be raised to $15.25, and so on, until Sam's maximum limit of
$40.00 was met. At that point, if the bidding had gone higher than $40.00,
Sam would need to enter new maximum limit if he wishes to stay in the
bidding.
If you are bidding on an item where the reserve price has not yet been met, you will be
informed as to whether or not your maximum bid has met the reserve price.
If your maximum meets or exceeds the reserve price, your current bid is
automatically proxy bid up to that reserve limit.
EXAMPLE: Sam is bidding on the
another out-of-print book, this time with a reserve price of $35. The
current high bid is $25, and Sam enters a maximum bid of $50. His current
bid is automatically set at $35, with the proxy bidder ready to raise that
as needed until $50 has been met.
- Quantity-
- The number of items being offered for auction. If there are more than
one of an identical item for sale, the auction is a dutch
auction.
- Reserve Fee-
- Although some auction sites charge a fee when a reserve price is
specified, at Auctions.DeseretBook.com, no additional charge exists for
auctions with a reserve price.
- Reserve Price-
- The reserve is the lowest price that you are actually willing to sell
an item at. The
actual price that the reserve is set at is not revealed to the
bidders--they simply know whether or not the reserve has already been met.
A reserve price allows sellers to set a lower starting bid (which
encourages earlier bidding), while still protecting the seller from having
to sell an item for much less than he is willing to. A reserve price can
also be used when a seller is unsure of an item's worth, but would like to
see how much of a demand exists.
- Seller
- The user who is listing an auction, and offering an item for
purchase.
- Time Left
- The amount of time remaining until an auction is officially closed to bidding. An auction is scheduled to close at
the time shown on that particular auction screen (make sure to refresh
your screen in order to ensure that the time you see is a current, and not
a cached version). If a bid is placed within the last ten minutes of
an auction, however, the duration of that auction is reset to ten
minutes. Therefore, no auction can end until there have been no bids
for at least ten minutes. This protects bidders from being unknowingly
outbid at the last second, while also benefitting sellers by not closing
an auction in which people are still interested in bidding.
|
Auctions