The forms of sale at NetBid
The machines offered on our website are assigned to one of two sales forms:
Auction or Trading
In the following table we explain the differences:
| Auction (online auction) |
Trading (online free sale) |
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| Exclusivity | Yes, the machine may not be sold elsewhere. |
No, alternative sales channels are possible. | |
| Bid development | Bids are placed in system-defined bid increments from the starting price upwards. The steps are adapted to the respective price range. |
Bidding above the starting price is freely possible. | |
| Bidding time limit | No, bids are binding until the end of the auction plus reservation period (usually 7 days). Withdrawal or a time limit is not possible. |
Yes, a time limit is possible. | |
| Bidding agent | Yes, the bidding agent can be activated here up to a maximum amount specified by the bidder. |
No, the bidding agent cannot be used | |
| 10-minute rule | Yes, if a bid is placed 10 minutes or less before the end of the auction, the end of the auction is postponed from the time the bid is placed plus 10 minutes. This can be repeated as often as desired until the highest bid remains for 10 minutes. |
No, there is no 10-minute rule. | |
| Surcharge | Takes place automatically: when the auction ends, if the minimum price has been reached or exceeded | Can be done manually: by accepting any bid by the seller (themselves or by NetBid on behalf) at any time, even before the end date is reached. |
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| Reservation surcharge | Yes, a reserve surcharge is automatically applied if the highest bid is still below the reserve price at the end of the auction. |
No, a conditional surcharge is not possible. | |
| Unsuccessful end | No bid has been received or no agreement has been reached between the bidder and seller within the reservation period. |
No bid has been received or no bid has been accepted. |
Live
Machines with this label are displayed online, but the sale is made by submitting a written bid.
Contact person
Nils Brinkmann
Head of Auction Coordination