Instructions For Buying at Online Auctions

Bidding for our online auctions is conducted exclusively through the L Auction app and/or auction website. Here’s a brief guide:

Registering to Bid:

From the e-catalog, click ‘REGISTER TO BID’ and you will be prompted to log in or create an account. This process requires you to provide your credit card and billing information, as well as read and agree to our Terms and Conditions.

Placing a Bid:

Click the ‘PLACE BID’ button if you decide to bid on a specific lot. If you’re not logged in, you will be redirected to log in or register to bid. Once your auction registration is complete, you will be returned to the lot detail page to confirm your bid.

Bids can be placed on the online platform from the start of the auction until the lot closes. Enter your maximum bid, which is the highest price you’re willing to pay for the lot. The bidding platform will then automatically place incremental bids on your behalf as needed to ensure you remain the highest bidder (up to your maximum bid). If two identical maximum bids are placed, the bid received first will be prioritized. If you are outbid at any point, you will receive an email notification informing you that you’ve been outbid. You can then choose to increase your bid or not. L Auction uses predetermined bid increments, which are displayed as options when entering your maximum bid.

Monitoring Your Bids:

Once you’ve placed a bid on a lot, you will be notified on-screen if you are the highest bidder. If another bidder surpasses your bid, you’ll be notified via email and provided a link to increase your bid. We encourage you to monitor your lots during the auction to ensure your status as the highest bidder until the auction closes.

Reserve Price:

In most cases, lots offered have a reserve price, which is the minimum price below which the lot will not be sold. This reserve price is confidential but will not exceed the low estimate displayed.

Auction Closing:

The final closing time for each lot is displayed on the lot detail page. Lots will close sequentially with a 1-minute interval, except when a bid is placed within 10 minutes of the scheduled closing time. In this case, L Auction will extend the closing time of that specific lot by 10 minutes from the last bid time. Extensions for one lot do not affect the closing times of subsequent lots, which means lots may close out of numerical order.

Your Purchase:

If you remain the highest bidder when the lot closes, you’ll receive an email at the end of the auction confirming your purchase. To check the status of a specific lot, visit the individual lot page while logged into your L Auction account.