Starting point for Eric, not finished terms. This page lists only how the auctions work so far. Eric: confirm the 7-day payment window (a standard default we picked) and add any other rules or terms you want here (shipping, returns, etc.).
Registration
To bid, register with your name, address, and a credit card on file.
Bidding
All auctions are timed online auctions. Opening bids are $1 to $5. Each bid must be at least one bid increment above the current bid.
Closing
Lots close one minute apart, in lot-number order. Any bid in the last 5 minutes of a lot adds 5 minutes to that lot.
Buyer’s premium
A buyer’s premium is added to each winning bid. The rate is set for each auction, from 10% to 25%, and is shown on the auction’s page.
Invoice and payment
After the sale, winners receive an invoice for the winning bid plus buyer’s premium, tax, and shipping. If the invoice is not paid within 7 days, the card on file will be charged.