To create an Open Cry or Sealed Bid auction to sell products to the highest bidder.
Open Cry auctions, all bids are available for public viewing; each participant knows the other bids submitted.
Sealed Bid auctions allow participants to submit a bid that is seen only by the auction administrator. Seller sets a submission deadline, no bids received after that time are accepted. The bidder does not know the other bids submitted.
The following information is included when creating an Open Cry or Sealed Bid auction,
If the same style will be used for several auctions, an auction style can be created first, and then an auction can be created based on the auction style just created.
When a specified quantity of a product is placed on auction, this quantity is no longer available for "normal" sale.
When an auction has started, an auction notification message is produced to inform customers that the auction has started. Auction start notifications are sent to customers who have added this auction to their own auction gallery.
For current auctions, only the following changes can be made,
For future auctions, all parameters except the auction type and auction item can be changed.
Any future or current auction can be retracted. When an auction is retracted, all bids are withdrawn. Inventory will be returned and deposits for all bidders are refunded.
Professional, Business, Express Edition
Task | Description | Role |
---|---|---|
Time to activate future auction |
It is time to activate the future auction. |
System |
Specify auction bid control rule |
Specify a previously defined bid rule for Sealed Bid and Open Cry auctions. |
Seller |
Specify product and quantity |
Specify information about the product to be auctioned such as SKU, product name, product description and auction quantity. |
Seller |
Specify auction pricing information |
Specify pricing information for an auction. |
Seller |
Specify auction display information |
Specify what templates to use in displaying auction rules and the product display for an auction. |
Seller |
Specify duration, closing rule |
Specify when an auction starts and the conditions under which it ends. |
Seller |
Submit auction creation |
Submit the request to create an auction after providing all the detail. When the auction is created, the specified quantity of the product for auction is reserved and is no longer available for "normal" sale. |
Seller |
Update product and quantity |
Update information about the product to be auctioned such as SKU, product name, product description and auction quantity. |
Seller |
Update duration, closing rule |
Update information on when an auction starts and the conditions under which it ends. |
Seller |
Update auction pricing information |
Update pricing information for an auction. |
Seller |
Update auction display information |
Update what templates to use in displaying auction rules and the product display for an auction. |
Seller |
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