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How The Unique Bid Auction Works - Bid4Bliss

 
Please click the video button to watch a brief 12 minute video that describes the DubLi auctions and gives a general overview for all new users.

 
All auctions are presented for a limited time only. You can bid using any number of 25-cent increments (i.e. US$1, $1.25 , $2.50 etc.). The user who has placed the sole lowest bid acquires the item.

An example: Several bids have been placed for $0.25, $1.00, $1.75, $4.25 and $5.00. The amounts of $1.75 and $4.25 were not yet placed, whereas if you placed the last and only bid in the amount of $1.75, prior to the close of the auction, then it would be both the lowest and sole bid, and is therefore awarded the auction item. However, if another user also places a bid of $1.75 in the course of the auction, this amount is no longer unique. Now, in our example, the $4.25 bidder would be the final buyer, as their bid is now the lowest single bid placed.

It is possible to place single bids, or to cover an entire span of bids. However, in order to guarantee equal opportunity, only single bids will be accepted in the last five minutes before the end of an auction.



Important notice:

If an auction does not produce a unique bid at its conclusion, then nobody is the final buyer and the auction starts again. If an auction results in a unique bid at its conclusion, the user with the lowest single bid is determined and then informed by e-mail. The final buyer can subsequently order and pay for the auctioned item in his member area (prices include sales tax, plus shipping charges). Goods are shipped by DubLi UK Ltd., which is also the recipient of payments; items are sent as soon as payment has been received.

A single user may only be the final buyer in up to three “DubLi Auctions in one month. Therefore, once the member has placed three final bids (both lowest and unique), further bids will not be accepted. As soon as this user has been underbid in an auction, the placement of further bids is automatically accepted, until the maximum number of three successful final bids has been attained. Once a user has been successful in an auction, s/he may only participate in a further two auctions, et cetera. The number of successful auctions, as well as the number of remaining auctions available in which to participate, can be accessed at any time in your back office. At the beginning of a new calendar month, the maximum number of three successful auctions is available to you once again. This is indicated in your member area in the form of a stoplight. If the stoplight displays, for example, a “red light”, you can only place a bid again in the next calender month.
 
 

 
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