Auctions

Auctions

As a registered Member, You have the choice to participate in our on-line Auction.

There are currently FOUR type of Auctions available:

  • Open with reserve 
  • Close with reserve
  • Open No reserve
  • Close No reserve

RULES


Open With Reserve  A1

Open Auction with reserve are called A1.  You will see the A1 next to the name of the item been Auctioned. Open Auction mean that at any time, anyone has the choice of place a bid or to buy the auctioned item for the selling retail price by selecting the Add to Cart Button. If this is the last item in stock the Auction also will be terminated

You cannot bid below the reserve price. The reserve price is the actual minimum price the vendor is prepare to accept. When the Auction is completed, the highest bidder wins the auction. He will then receive an email with a coupon to redeem the item at the bided price. The coupon has a validity of 10 days. If the bidder does not purchase the item within the 10 days, the item is returned to the shop for sale or auction again or the vendor can decide to take the item down and not selling it any more.


Close With Reserve  A2

Close Auction with reserve are called A2.  You will always see the Auction type in the Auction page. Close Auction mean that no one can buy the item at the retail price during the auction.

You cannot bid below the reserve price. The reserve price is the actual minimum price the vendor is prepare to accept. At the end of the auction, the highest bidder has won the auction. He will then receive an email with a coupon to redeem the item at the bided price. The coupon has a validity of 10 days. If the bidder does not purchase the item within the 10 days, the item is returned to the shop for sale or auction again or the vendor can decide to take the item down and not selling it any more.


Open No Reserve  A3

Open Auction without reserve are called A3.  You will always see the Auction type in the Auction page. Open Auction mean that at any time, anyone can buy the auctioned item for the selling retail price by selecting the Add to Cart Button. If this is the last item in stock the Auction also will be terminated

In the A3 auction, the reserve price is always set to 1.  When the auction is completed, the highest bidder wins the auction. He will then receive an email with a coupon to redeem the item at the bided price. The coupon has a validity of 10 days. If the bidder does not purchase the item within the 10 days, the item is returned to the shop for sale or auction again or the vendor can decide to take the item down and not selling it any more.


Close No Reserve  A4

Close Auction without reserve are called A4.  You will always see the Auction type in the Auction page. Close Auction mean that no one can buy the item at the retail price during the auction.

In the A4 auction, the reserve price is always set to 1. At the end of the auction, the highest bidder has won the auction. He will then receive an email with a coupon to redeem the item at the bided price. The coupon has a validity of 10 days. If the bidder does not purchase the item within the 10 days, the item is returned to the shop for sale or auction again or the vendor can decide to take the item down and not selling it any more.


Reward Points and Auction

Reward Points (if available) are awarded as follow:

  • Open Auction will reward the original price point
  • Close Auction will reward the bided price point

IMPORTANT:

In the event of software malfunction (bug) or for any other event beyond our control, the Auction will be restarted if possible at the last available recorded bid.

All Auction times are Australia EST. 



By choosing to participate in any of the il Mozzo's Auction, you acknowledge that you have read and understood the RULES.


Il Mozzo Team