{"id":75,"date":"2018-06-14T14:29:59","date_gmt":"2018-06-14T14:29:59","guid":{"rendered":"http:\/\/primestarauctions.com\/?page_id=75"},"modified":"2018-06-14T11:52:24","modified_gmt":"2018-06-14T16:52:24","slug":"system-workings","status":"publish","type":"page","link":"https:\/\/primestarauctions.com\/index.php\/system-workings\/","title":{"rendered":"System Workings"},"content":{"rendered":"<article id=\"post-549\" class=\"content-page post-549 page type-page status-publish hentry\">\n<div class=\"entry-content cf\">\n<section>\n<div class=\"main\">\n<div class=\"fixed\">\n<div class=\"center\">\n<article id=\"post-107\" class=\"post-107 page type-page status-publish hentry\">\n<div class=\"entry-content\">\n<h2 class=\"first\" style=\"text-align: center;\"><strong>A Flexible Marketplace<\/strong><\/h2>\n<h3 class=\"second\" style=\"text-align: center;\">Buy how you want, when you want.<\/h3>\n<p>The Proxibid platform provides numerous ways for buyers to purchase in our Marketplace: timed auction, live auction, instant purchase and make offer. Buying in each format is a little different\u2014let us break it down for you.<\/p>\n<div class=\"timed\">\n<h2 class=\"first\" style=\"text-align: center;\"><span style=\"color: #ff00ff;\"><strong>Timed Auction<\/strong><\/span><\/h2>\n<h3 class=\"second\">Sellers offer items for sale over a pre-determined period of time\u2014usually over several days or weeks.<\/h3>\n<p>Buyers place bids during the event and the highest bidder at a specified closing date and time wins the item. If a user places a bid in the closing minutes of an auction the Proxibid system automatically extends the bidding time frame, ensuring that the buyer willing to bid the highest always wins\u2014no sniping here.<\/p>\n<ul>\n<li>Bidding has a start and end date\/time.<\/li>\n<li>Items close for bidding all at the same time or one-by-one in equally spaced intervals\u2014this is determined by the seller<\/li>\n<li>All bids are submitted online.<\/li>\n<\/ul>\n<\/div>\n<hr \/>\n<div class=\"live\">\n<h2 class=\"first\" style=\"text-align: center;\"><span style=\"color: #ff00ff;\"><strong>Live Auction<\/strong><\/span><\/h2>\n<h3 class=\"second\">Live auctions are physical auctions conducted at an onsite location with or without an onsite audience.<\/h3>\n<p>A live auction without an onsite audience is a live virtual auction. In both types, buyers can bid in different ways\u2014on site, over the phone or online. Typical auctions on Proxibid use the ascending bid method, also known as an English auction. This method requires participation of a minimum of two bidders. The auctioneer calls for an opening price and buyers bid competitively in succession, raising bids usually by equal increments. The auction is over when no new bids are raised and the auctioneer calls \u201csold\u201d or drops the hammer.<\/p>\n<p>When an event or individual item is available for live bidding, you will see the \u201cENTER LIVE AUCTION\u201d button. To place a live bid you must be logged in with a <a href=\"https:\/\/web.archive.org\/web\/20160403083607\/http:\/\/www.proxibidcontent.com\/createaccount#complete\">full account profile<\/a>.<\/p>\n<p>Proxibid\u2019s online platform, Proxibid LIVE!, makes it possible for bidders to participate in real-time, competing against onsite and other online buyers. A real, live person operates the software and provides a constant stream of communication to online bidders. Buyers can ask questions about individual items or the auction itself. <a href=\"https:\/\/web.archive.org\/web\/20160403083607\/http:\/\/www.proxibidcontent.com\/audiovideo\">Live audio and video<\/a> of the auction is available to online bidders when sellers choose to use this function. With Proxibid LIVE!, bidders from anywhere in the world have a front row seat at all auctions running in our Marketplace.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20160403083607im_\/http:\/\/www.proxibidcontent.com\/wp-content\/themes\/proxibid\/images\/live-bidding-app.jpg\" alt=\"\" \/><\/p>\n<div class=\"tip\">\n<h5>Can\u2019t wait for the live auction? Place a prebid.<\/h5>\n<p><img decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20160403083607im_\/http:\/\/www.proxibidcontent.com\/wp-content\/themes\/proxibid\/images\/placing-prebids.jpg\" alt=\"\" align=\"right\" \/><\/p>\n<p>Buyers can place prebids on an individual item before it is up on the auction block. This is a convenience for bidders who don\u2019t have time to watch the live auction. It\u2019s simple. Just enter the maximum amount you are willing to pay for the item, and our dynamic \u201cAuto Bid\u201d function will bid on your behalf up to the maximum amount. Should you become out bid, our system will notify you.<\/p>\n<\/div>\n<\/div>\n<hr \/>\n<div class=\"instant\">\n<h2 class=\"first\" style=\"text-align: center;\"><span style=\"color: #ff00ff;\"><strong>Instant Purchase<\/strong><\/span><\/h2>\n<h3 class=\"second\">Proxibid\u2019s Marketplace also offers more traditional ecommerce methods including instant purchase.<\/h3>\n<p>This method is just like it sounds. Sellers offer items to buyers for immediate purchase. There is no negotiating. It is a fixed price. Pay it, and the item is yours.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20160403083607im_\/http:\/\/www.proxibidcontent.com\/wp-content\/themes\/proxibid\/images\/instant-purchase.jpg\" alt=\"\" \/><\/p>\n<\/div>\n<hr \/>\n<div class=\"make\">\n<h2 class=\"first\" style=\"text-align: center;\"><span style=\"color: #ff00ff;\"><strong>Make Offer<\/strong><\/span><\/h2>\n<h3 class=\"second\">Sellers may also decide to accept offers from buyers on specific items.<\/h3>\n<p>If a seller and buyer come to an agreement on the price of an item in the Marketplace, then Proxibid connects the two and the transaction is completed. The traditional selling methods are not mutually exclusive\u2014sellers may offer items at instant purchase only, or make offer only, or use both methods in the same listing.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20160403083607im_\/http:\/\/www.proxibidcontent.com\/wp-content\/themes\/proxibid\/images\/instant-purchase.jpg\" alt=\"\" \/><\/p>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<h4><strong>\u00a0<\/strong><\/h4>\n<\/div>\n<footer class=\"entry-utility-page cf\"><\/footer>\n<\/article>\n<div id=\"comments\">\n<hr class=\"comments-hr\" \/>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A Flexible Marketplace Buy how you want, when you want. The Proxibid platform provides numerous ways for buyers to purchase in our Marketplace: timed auction, live auction, instant purchase and make offer. Buying in each format is a little different\u2014let <span class=\"excerpt-dots\">&hellip;<\/span> <a class=\"more-link\" href=\"https:\/\/primestarauctions.com\/index.php\/system-workings\/\"><span class=\"more-msg\">Continue reading &rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-75","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/primestarauctions.com\/index.php\/wp-json\/wp\/v2\/pages\/75","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/primestarauctions.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/primestarauctions.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/primestarauctions.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/primestarauctions.com\/index.php\/wp-json\/wp\/v2\/comments?post=75"}],"version-history":[{"count":3,"href":"https:\/\/primestarauctions.com\/index.php\/wp-json\/wp\/v2\/pages\/75\/revisions"}],"predecessor-version":[{"id":76,"href":"https:\/\/primestarauctions.com\/index.php\/wp-json\/wp\/v2\/pages\/75\/revisions\/76"}],"wp:attachment":[{"href":"https:\/\/primestarauctions.com\/index.php\/wp-json\/wp\/v2\/media?parent=75"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}