No! We are not a “penny auction” or “bidding fee auction” site. There is no cost to bid, and we do not use fake/shill bidders to increase the pricing. You can use the proxy bid feature if you are unavailable to bid at the time of auction closing, you can set your max bid to $100, and if the other bidders only go up to $40, you would win the item for $41. If someone bids higher than $100, then you would lose the auction.
As an auction company, and our business model is to sell everything by auction with no reserve price, no bottom price at all. A buyer could get a beautiful vase for $1, that is true, and it happens all the time. We start everything at $1 to make sure every items sells for our clients so they can move all of their items. You are assured to get a very good deal because we are still very new and most people don’t know about us yet! Please share our auction page with your friends who would want to get good deals also.
A: In order to protect the integrity of the online bidding process, we only accept bids by those bidders who have a valid credit card on file. Verification of the credit card is also a process of validating the bidder’s identity, so that every seller knows they have bids from a real human and not a computer, and every bidder knows they are bidding against a human. We understand that some of you may be hesitant to provide this type of information. In fact, DownsizeSale does NOT store credit card info on our system. We use stripe.com, one of the largest online payment processor, and they handle the storage and payments directly upon auction closing. Not like other online auction auction companies in Regina, no credit card data is stored on DownsizeSale’s web server, instead the customer billing data is sent to Stripe and stored with them, and a token is returned and stored in DownsizeSale’s web server. This token will be sent to Stripe when buyer makes online payment next time without providing credit car info again.
We are NOT a scam site. Our legal company name is DownsizeSale Auctioneers Inc, a licensed bonded and insured Estate Liquidator and Auction Company in Saskatchewan. Our licence number is 507581. We are also a member of Sask Auctioneers Association. Our office address is 202-3988 Albert St Regina, SK (Gold Square).
It all depends on the estimated value of an item. for example:
items that start bidding for 10$ have incremental increases of 1$.
items that start bidding for 100$ have incremental increases of 10$
items that start bidding for 1000$ have incremental increases of 100$
Its very simple! in some cases the rates may be different depending on the item and the clients needs.
Since all bidders have the ability to place a Bid, you may occasionally find that you have been outbid by an amount that does not seem correct. For example, if your Bid was $8, yet you lost an item to another buyer who won for $10, here’s why: At 12:01 PM, Lot 1 is at $4. At 12:30 PM, Bidder 1 (yourself) places a Bid for $8. Bidding continues and at 12:45 PM, lot 1 is at $7. At 12:46 PM, Bidder 2 places a Bid of $10. Bidder 2’s bid is accepted since it is above the $2 minimum increment at the time (since the lot was at $8), and it also outbids your bid of $10. As another example, if you place a Bid of $25 when lot 2 is at $15, why did the bid jump to $23.50?The other bidder had a $22.50 Bid which is why when you put in the $25 Bid, it jumped to the next $1 increment from the $22.50 Bid to $23.50.
Downsizesale manages the whole sale process for you, we have a team of professionals specially trained for this task. Downsizesale does everything including cataloging, photography, marketing and billing. We market your items. our buyers (who are collectors, antique dealers, resellers and people looking for things that interest them). All you have to do is tell us what you want to sell. You don’t have to deal with the individual buyers over e-mail, phone and in-person when you list things with Craigslist or Kijiji. With Downsizesale, you deal with one professional team from start to finish, we are a one stop shop.
There is no way to tell what an item will be worth. items worth is usually based on a few factors including:
- Rarity & Condition
- Antiques & memorabilia
- Authentic collectibles
You can also download a google search by images to figure out your items value.
At the moment we offer no disposal fees, as any abandoned or forgotten items are returned back to the seller. but, the buyer may be at risk of being suspended from future bidding. you can also request that we handle unsold items in advance, we can attempt to have the items given away or donated first to avoid making the situation troublesome , and the buyer has to pick up there items. Please contact Downsizesale at email@example.com if you have any questions.
If you have clicked and agreed to the terms and conditions then confirmed and submitted the bid, it cannot be retracted. Because bids are permanent, and that would ruin the bidding process. when you bid you are given a chance to cancel the bid through the second confirmation question, you must not agree to a bid if you are not sure. Please review and read the messages before clicking ‘confirm’ on anything as it will verify the command that’s being placed whether its a bid or personal information input.