Timed Auction Format
Turathya uses a timed auction format. Each lot has a specific closing time. Bidders can place bids at any time before the lot closes. The highest bid at closing wins the lot.
Unlike live auctions where bidding happens in real-time with an auctioneer, timed auctions allow participants to bid at their convenience over days or weeks. This format accommodates bidders in different time zones and schedules.
Registration
To place bids, you must create an account and agree to our Terms of Service. Registration requires a valid email address. You will receive confirmation of your bids and notifications if you are outbid.
First-time bidders may be required to provide additional verification before bidding on high-value lots.
Placing a Bid
Each lot displays the current bid, number of bids placed, and time remaining. To bid, enter an amount equal to or greater than the indicated minimum bid increment.
Your bid is a binding commitment to purchase the lot at that price if you are the winning bidder. Once placed, bids cannot be withdrawn.
You can increase your bid at any time before the lot closes. If another bidder outbids you, you will receive a notification and can place a higher bid.
Bid Increments
Bids must advance in standard increments based on the current bid level:
- $0 - $99: $5 increment
- $100 - $499: $25 increment
- $500 - $999: $50 increment
- $1,000 - $4,999: $100 increment
- $5,000 - $9,999: $250 increment
- $10,000+: $500 increment
These increments ensure orderly bidding and prevent insignificant raises.
Reserve Prices
Some lots have a reserve price - a confidential minimum price below which the lot will not be sold. If bidding does not reach the reserve price, the lot will not be sold.
Lots with reserves are indicated in the listing. The reserve amount is not disclosed, but is always at or below the low estimate.
Winning a Lot
If you are the highest bidder when a lot closes, you will receive a notification confirming your win. You are obligated to complete the purchase for your winning bid amount plus buyer's premium and any applicable taxes.
Payment instructions will be provided in the notification email. Payment must be received within the specified timeframe (typically 7 days) to avoid penalties or account restrictions.
Buyer's Premium
A buyer's premium is added to the hammer price (your winning bid). The premium percentage is stated in the terms of each auction. This fee covers administrative costs and is standard practice in the auction industry.
The total amount you owe is: Hammer Price + Buyer's Premium + Shipping (if applicable).
Bidding Etiquette
Bid only on items you intend to purchase. Do not bid to inflate prices or disrupt auctions. Violations of bidding etiquette may result in account suspension.
If you have questions about a lot, contact us before bidding. We are happy to provide additional information or arrange viewings when possible.