How auctions work

How auctions work

When creating an auction listing:

• You set a starting price (the minimum you will accept).
• Optionally you can add a reserve price (the auction will not close below this price).
• You can also add a buy it now price for buyers who want to close the purchase without bidding.
• The auction runs for the time you set (minimum 24 hours).
• When it ends, the highest bidder wins and the order is generated automatically.