What is an Open Auction?
In an Open Auction, buyers bid until the auction ends. The item is then sold to the highest bidder at the end of the auction period. There is no reserve price for this auction type. The seller must sell the item to the highest bidder. Bidding can start as low as the Opening Value (minimum price or starting amount) of the auction. Once the auction closes, e-mail notification providing contact information is sent to the buyer and seller automatically so that arrangements for payment and shipment of the item can be determined.
An open auction allows buyers to bid until the auction ends. The item then goes to the high bidder at the conclusion of the auction. There is no reserve for this type of auction. The item must be sold for the final bid price. At the conclusion of the auction an email notification from the Lakeland Flying Tigers will be sent to the winning bidder containing confirmation on your winning bid and payment details.
In an Open Auction, buyers bid until the auction ends. The item is then sold to the highest bidder at the end of the auction period. There is no reserve price for this auction type. The seller must sell the item to the highest bidder. Bidding can start as low as the Opening Value (minimum price or starting amount) of the auction.
