What is the auction bidding process?

What is the auction bidding process?

The auction bidding process involves several steps where bidders place offers on items, and the highest bid wins.

How do I place a bid in an auction?

To place a bid, you typically register with the auction house, then either raise your hand or enter your bid online.

What happens if I win the auction?

If you win, you'll receive instructions on payment and item collection, and you'll need to finalize the transaction.

Are there any fees associated with bidding?

Yes, there may be buyer's premiums, taxes, and other fees depending on the auction house's policies.

Can I retract my bid?

Generally, bids are binding, but some auction houses may allow retraction under specific circumstances.