Prices are determined based on clear rules to ensure fair participation by all members. By understanding the process from bidding to successful bidding in advance, you can participate in the auction smoothly.
bidding period | Members will bid during the bidding period. |
---|---|
Scope of public disclosure of bidding information | Other members' bids are not disclosed. |
right to make a bid (e.g. for an apartment) | Finally, the "member with the highest bid" will be entitled to the winning bid. |
Determination of final price | Sold price is "second highest bid + minimum add-on amount". |
extra amount
Minimum add-on price is listed in the bidding site "Notifications".
Products with an immediate settlement price
For items with an instant bidding price, the member whose bid exceeds the instant bidding price will become the "SOLD OUT" bidder, and the auction will be closed. The item will be marked "SOLD OUT" to all but the successful bidder, and no further bids will be accepted.
Price determination at the end of the bidding period
At the end of the bidding period, the member who is "Top Bid" for each item will be entitled to win the bid.
However, if the bidding result at the end of the bidding period does not reach minimum bid price (the limit price), the bid will be [pending] and the seller will decide whether or not to accept the bid at that price on the day following the last day of the bidding period.
Pricing Patterns
Pattern 1 Bid for only one company
Bid amount | USD 1500 |
Minimum bid price | USD 1000 |
Starting bid price | USD 800 |
Bidding Results
USD 800
HOLD
Winning bid price・Winner determination method
Starting bid price
Pattern 2 Two companies exceed minimum bid price
Bid amount | ![]() |
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Minimum bid price | USD 1000 |
Bidding Results
USD 1300
+Minimum add-on price Winning bid
Winning bid
Winning bid price・Winner determination method
The second highest bid price
+
minimum add-on price
Pattern 3 If two companies have the same amount
Bid amount | ![]() |
![]() | |
Minimum bid price | USD 1000 |
Bidding Results
USD 1300
Winning bid
Winning bid price・Winner determination method
The company that placed the bids first will win.
Pattern 4 If the difference between the first and second place bids is lower than minimum add-on price
Bid amount | ![]() |
![]() | |
Minimum bid price | USD 1000 |
Bidding Results
USD 1300
Winning bid
Winning bid price・Winner determination method
If the second-highest bid plus minimum add-on exceeds the highest bid,
the winning bid amount is the highest bid.
Pattern 5 The highest bidder has exceeded minimum bid price, while the second-highest bidder has not.
Bid amount | ![]() |
![]() | |
Minimum bid price | USD 1000 |
Bidding Results
USD 900
+Minimum add-on price
HOLD
Winning bid price・Winner determination method
The second highest bid price
+
minimum add-on price
Pattern 6 If a company falls below the limit price
Bid amount | ![]() |
![]() | |
Minimum bid price | USD 1000 |
Bidding Results
USD 800
+Minimum add-on price
HOLD
Winning bid price・Winner determination method
The second highest bid price
+
minimum add-on price