Auctionair.co.uk offers two types of auction: traditional auctions where the highest bid wins, plus another where the lowest unique bid wins. Auctionair makes its money from the fees paid to enter a bid – typically £5 to £25, depending on the value of the prize.
Once you’ve registered, click the ’Low Bid Auction’ link. This will display a list of current items for which you can bid, along with details of entry fee, the number of bids required to complete the auction and the minimum payment amount.
Click the ’Bid Here’ button once you’re ready to make a bid.
A very low bid, such as £1, is likely to be a common bet and is unlikely to win. And yet, offers above 5 percent of the value will probably be beaten. Auctionair allows you to view completed auctions to see the average tenders that previously won. When you’re ready, click on an auction and hit Place bid.
Your offer is not complete until you click the Finalise button under your basket. Here you can review your bid before proceeding to the checkout to pay your entry fee. If you are the winner when the auction closes – when the minimum number of bids is reached – you will be contacted by phone or email. J