Once you list an item, you are entering into a contract with the high bidder. You are obligated to sell your item at the high bid price, with the only exception being if your Reserve Price was not met. Also, you cannot sell that item to anybody until the end of the auction you started. If the high bid does not meet your reserve, you are under no obligation to sell. In all other cases, you are obligated to sell the item to high bidder, and deliver the item within the time period specified.
How Do I Create an Auction?
By default, all listings are classifieds. To change your listing to an auction, simply select the Auction tab on the Listing Options & Pricing page when creating a listing.
Once you list an item, you are entering into a contract with the high bidder. You are obligated to sell your item at the high bid price, with the only exception being Reserve Price auctions. Also, you cannot sell that item to anybody until the end of the auction you started. If the high bid does not meet your reserve, you are under no obligation to sell. In all other cases, you are obligated to sell the item to high bidder, and deliver the item within the time period specified.
You must describe the item in a truthful, accurate, and complete manner, to the best of your knowledge. Audiogon members are required to describe any malfunctions, damage, or other negatives about the item. We strongly recommend use of the Audiogon Grading Scale, when describing the physical condition of your item.
Once an auction has started, sellers can not change the starting bid, or reserve price amounts. Sellers can not change their description of the item, but may add to their description. If you wish to add to your description, log in to Dashboard. You can also check the auction results and contact bidders via Dashboard.
How Long Do Auctions Last?
You may choose a duration from 3-14 days. The more exotic the item, the longer the duration you should choose. Generally speaking, seven days is a good length for auctions, as it covers an entire weekly cycle, and provides bidders with enough time to do their research.
How Do I Close My Auction Early?
If your auction does not yet have any bids placed, you may "Cancel" that auction through your Selling Dashboard. Click on the Actions menu for the auction in question. One of the options you will see is to End Listing. You may also Edit the auction if there are no bids yet.
If your auction has received some bids, but you still need to close it early, then you should add an Amendment (by choosing edit on the Actions menu) to your auction, explaining why you need to close it. Your added comments will appear within your auction listing, so that interested bidders will know what happened.
If your auction has received bids but your reserve price has not been met, then you can add an Amendment to your auction to close it early.
However, if the high bid on your auction has met your reserve, then you will need to communicate with the high bidder directly, and try to reach an amicable understanding. You should keep in mind that if a high bidder has met your reserve price, yet you are unwilling or unable to sell to them, then they may choose to leave negative or neutral feedback regarding your actions.
In summary, if your auction has met your reserve, then we strongly recommend that you let it continue to it's pre-scheduled close. The high bidder has an expectation to purchase your item, and other bidders may be waiting until the last few minutes of the auction. If your auction has NOT met reserve, or there are no bids, then you may cancel or close it early.
You may access all of these options through your Selling Dashboard. Each auction will present all available options, depending on whether there are bids or not.
If an auction has been posted twice by mistake, you may cancel the duplicate(s) through your Selling Dashboard. If your auction does not yet have any bids, you may cancel immediately.