Bid within five minutes before the auction ends. The auction end time will be extended by five minutes on the basis of the bidding time, and each bidding within five minutes will trigger a delay (specifically, subject to the countdown of the subject matter details page).
Many customers understand the delay time as five minutes when no one else bids, and the auction is over. This understanding is wrong. Auction has a fixed auction cycle, and will not end early when no one bids for a long time.
Advantages of Ali auction:
Ali auction has the advantages of zero violation, quick disposal, high transaction rate and premium rate. At the same time, the information of Ali auction target is fully displayed, the participation method is simple enough, and the auction process is simple. Ali auctioned more than 2 million active members of Japanese clothing, and also docked hundreds of millions of traffic portals on Taobao platform.
Technically, Ali auction has a privacy protection mechanism, and there is no manual operation, original order delay system, transaction traceability and other content in the whole process.
In order to ensure the stable operation of the platform and the guarantee of auction transactions, Ali Auction will also provide buyers with evaluation and monitoring, financial loans, post-auction agents and other services. For institutions, Ali Auction provides services such as making an appointment to see samples, VR panoramic viewing, and investigation reports.