Auction rules

Proxy bidding

You submit a maximum bid. The system bids on your behalf in the minimum increments necessary to keep you in the lead, up to but never above your maximum. You may pay less than your maximum; you will never pay more.

If two bidders submit the same maximum, the earlier bid wins and retains the lead.

Bid increments

Below PKR 500,000: PKR 5,000. PKR 500,000 to 1,999,999: PKR 10,000. PKR 2,000,000 to 4,999,999: PKR 25,000. PKR 5,000,000 to 9,999,999: PKR 50,000. PKR 10,000,000 and above: PKR 100,000.

Reserve price

A seller may set a hidden reserve. Bidders are shown only whether the reserve has been met, never the amount. A lot marked 'No reserve' sells to the highest bidder regardless of price.

Soft close

Any bid placed within the final three minutes extends the auction end time to three minutes from the moment of that bid. There is no limit on the number of extensions. Sniping confers no advantage.

Reserve not met

Where bidding ends below the reserve, the highest bidder has 24 hours to submit a best offer. The seller then has 24 hours to accept, decline or counter. If no agreement is reached, the seller may relist once at no charge within 14 days.

Buyer's premium

2% of the hammer price, subject to a minimum of PKR 15,000 and a maximum of PKR 200,000, payable by the buyer in addition to the hammer price. The exact amount is displayed before every bid confirmation.

Completion

The winning bidder must pay the deposit within 24 hours of the auction closing. Contact details unlock on payment. Both parties then complete the transfer checklist. Failure to complete forfeits the deposit and records a strike.

Shill bidding

Bidding on your own lot, or arranging for another person to do so, is prohibited. We analyse the bidder–seller relationship graph, device fingerprints and IP addresses. Detected shill bidding voids the auction retroactively and results in permanent suspension of every account involved.