About Auctions

Auctions are time-bound sales event where buyers openly compete to offer their highest price for properties or chattels (non-property items) listed for sale. Sellers sell the item only if the highest price offered by buyers meets the seller’s minimum selling price. Buyers offer their best price through a bidding process. Sellers are assured of market-driven best prices while buyers pay only the price that they offer, no more and no less.

The process is fair, efficient and a win for all – goods are exchanged at a price that satisfies both buyers and sellers.

Buyers compete to offer their best price during the auction, not before or after.

Bids are displayed to all buyers to guide informed decision making.

Auction sales are time-bound with no price haggling or lengthy negotiations.

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Sell and Buy at Auction

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