The new KOMEHYO Auctions online auction is a bidding system where "current price" changes according to the status of the bids. current price" is determined by the following rules.
(1) A product that has not received any bids yet
→The auction will start from the hokku (bid starting price) specified in the KOMEHYO auction.
②Product with bid from only one company
→The bid amount depends on whether "minimum bid price (limit price)" is set or not, and on the relationship between the bid amount and the limit price.
- [2-1] When no limit price is set → the current price will be "the same amount as hokku (bid starting price)".
- [2-2] When a limit price is set and the first bid price is below the limit price → The current price is the "first bidder's price".
- [2-3] When a limit price is set and the first bid price exceeds the limit price → The current price is "equal to the limit price".
| Hokku | Limit Price | 1st place price | Current Price | Memo | |
|---|---|---|---|---|---|
| 2-1 | ￥100,000 | ￥150,000 | ￥100,000 | Hokku(bid starting price) | |
| 2-2 | ￥100,000 | ￥200,000 | ￥150,000 | ￥150,000 | The bid price is less than the limit price, so it will be the first bid amount |
| 2-3 | ￥100,000 | ￥200,000 | ￥300,000 | ￥200,000 | Limit price |
(3) Products with two or more bids
→The bid amount depends on whether "minimum bid price (limit price)" is set or not, and the amount of the first and second bids.
- [3-1] When no limit price is set → The current price will be the "second place amount +the minimum surcharge amount". The minimum surcharge amount is determined by the product and current price.
- [3-2] When a limit price is set and both the first place price and the second place price are less than the limit price → the current price will be the "1st place price".
- [3-3] When a limit price is set and only the first place price exceeds the limit price (the second place price is less than the limit price) → The current price will be "same as the limit price".
- [3-4] When a limit price is set and both the first and second place price exceed the limit price → The current price is "the second place price + the minimum surcharge amount".
| Hokku | Limit Price | 1st place price | 2nd place price | Current Price | Memo | |
|---|---|---|---|---|---|---|
| 3-1 | ￥100,000 | ￥150,000 | ￥100,000 | ￥105,000 | Min. additional amount of 100,000yen = 5,000yen | |
| 3-2 | ￥100,000 | ￥200,000 | ￥150,000 | ￥120,000 | ￥150,000 | The bid price is less than the limit price, so it will be the first bid amount |
| 3-3 | ￥100,000 | ￥200,000 | ￥250,000 | ￥150,000 | ￥200,000 | Limit price |
| 3-4 | ￥100,000 | ￥200,000 | ￥300,000 | ￥250,000 | ￥255,000 | Min. additional amount of 250,000 yen = 5,000 yen |
Minimum Surcharge Amount List
Products with Instant Buy-out Price
For products with Instant Buy-out price, bidding proceeds in the same way as for normal item until the first place amount reaches the Instant Buy-out price. as soon as reach that price,The auction will end at that point.This product will be "SOLD OUT" to anyone other than the member who made the bid, and no further bids will be accepted.
Price determination for bid closing time
At the end of the bidding period, the member who is the "top price bidder" for each item will have the right to get, and the successful bid price will be the "current price" at the end of the bidding period.
However, if current price at the end of the bidding period does not reach the "limit price (minimum bid price)", the bid will be [pending] and the seller will decide whether to accept the bid at that amount on the day following the last day of the bidding period.
Specifications for bid extensions
Bids that are updated on "current price" at least 5 minutes before the end of the bidding period, or items on starting bid price will be eligible for bid extensions, and
The bidding period will be extended by 5 minutes from the closing date and time.
If there is a bid that updates "current price" for an item that is being extended by 5 minutes, the bidding end date and time will be extended by an additional 5 minutes.
Bids that update "current price" will be extended even if they are not the first bidder.
*Bids for items for which you are Top Bid are not eligible for an extension.
The auction will end at 23:59:00 on the day of the deadline, even if the bidding continues to be extended.
FAQ
- When is the price determined?
-
For items with an instant bid price, the decision will be made at the time the bidder wins the item at or above the instant bid price. For other items, it will be 5:00 p.m. on the last day of the bidding period. For items under extended bidding, the decision will be made after the end of the extended bidding period. For items that are put on hold, the price will be determined the next day on the pending negotiation day after the seller decides whether to sell the item.