More details on the Koi-Bito Online Auction
Folks,
We will release the URL to the public roughly around noon EST (GMT -5:00) for our new online koi auction system. Below is a list of features that you as buyers will be able to utilize.
Buyer Features: How To Bid
If you have selected an item you would like to place a bid on, you can do so quickly and easily by following these steps:
(1) Login to your account. If you have not registered you can do so within 5 minutes.
(2) Visit the auction page.
(3) Towards the bottom of the auction
description page you will see a "bidding box", you can use the shortcut link to the bidding box if you wish.
(4) Enter in your bid, note you must bid above the minimum bid required.
(5) Click on the "make bid" button.
(6) You will then be asked to confirm you bid. Once you have done so, your bid will be entered and, if successful, you will receive a confirmation. If your bid fails to outbid the current high bidder, you will be offered the option to place a higher bid.
Proxy bidding can aid your chances of winning an auction and help avoid you being outbid at the last minute. To place a proxy bid, enter in the maximum price you are willing to pay for the item. If another user places a bid on the same auction, automatic bids will be placed on your behalf in accordance with your maximum bid amount. With proxy bidding you will pay the lowest possible price until someone else places a higher bid.
"Buy It Now" Auctions
"Buy It Now" prices are set by the seller. If you agree with that price, you can click on the "Buy Now" button which is displayed on the auction details page. After clicking on the button, you will be re-directed to a confirmation page.
On a standard auction, that auction will end instantly as the item has been sold via "Buy It Now". On a Dutch auction, you can enter the amount of items you wish to buy (depending the quantity available). If you purchase less than there are available in total, the auction will remain open with the number of items left available after you have purchased the amount you want.
Registering
Registration is simple and only takes a matter minutes. To start the signup process, click on the "register" link at the top or bottom of this page. Only users with the age over 18 years are able to register.
The next step is to fill in all your information, failure to supply all the required information will result in an error.
Your account will be activated instantly, if there is no signup fee, or once the payment has been confirmed by the payment gateway.
Members Area
Once you have successfully logged in using the login forms from the main page or from the login page (click on the "login" button from the page header), you will be redirected to the members area page. This page is divided into several tabs:
a. My Active Auctions (
note: you will not be able to place auctions unless you're an approved dealer)
b. Auction Filters
c. My Expired Auctions (
note: you will not be able to place auctions unless you're an approved dealer)
d. My Info
e. Messaging
f. My Favorites
g. Feedback
h. Current Bids
Dutch Auctions
On a Dutch Auction, the auctioneer has more items of the same product for sale. The bidder will enter a maximum bid he is willing to pay for an item, and the number of items he wants to purchase. The highest bidder(s) will receive the number of items they have bid on, and the remaining bidders will receive the number of items still available. Buyers are able to bid more than once for the same item.
Feedback System
Once a sale has been processed, both the seller and the buyer will be able to leave feedbacks for each other. The feedback rating is from one point to five points, and a feedback comment can also be left. The feedback can be left from the "Feedback" tab from the Members Area. The feedback can only be left once, and it cannot be edited afterwards.
The site admin will reserve its right to delete malicious or untrue feedbacks.
Item Watching
The item watch features lets you keep a close eye on any auction without having to place a bid on it. This feature means you can be kept up to date on how an auction is doing and prepares you to place a winning last minute bid. You can watch any auction by clicking on the "add item to favorites" link on any auction page.
Auction Filters
The auction watch features notifies you of newly listed auctions which contain "keywords" you have chosen. For example, if you are looking for a "website template", you could enter in those keywords from within your members area. Each time a new auction is listed containing the term "website template", you will be notified via this website. You can enter in as many keywords as you like.
06-02-2005
More details on the online koi auction 
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