Timed Auctions > Pre-Auction

This guide explains how to set up, assign and publish a listing for a Timed Auction via the PC Console.

Steps to Set Up, Assign and Publish a Timed Auction

Step 1: Log into the PC Console and navigate to your Auctions Live Dashboard.

Step 2: From the left-hand side menu, select All Upcoming.

Step 3: All imported listings will appear under Unassigned & Draft.

Step 4: Locate the relevant listing and click the blue Edit icon on the right-hand side.

Step 5: Navigate to the Auction Type field and use the dropdown menu to select Timed.

Step 6: In the Published Status dropdown, change the status from Draft to Published. This will make the property visible on your office’s website via the Hosted Widget.

Step 7: Ensure Online Bidding Registration is open.

Step 8: Complete the form fields relating to the Auction Start and End Date & Time.

Step 9: Enter the Reserve Price and Starting Bid Amount. These amounts must be entered to enable the following features:

• Show Starting Bid Amount - Displays the starting bid amount to each online bidder
• Automatic On The Market - Marks the property as On The Market automatically when a bid is equal to or exceeds the reserve price
• Automatically Sell/Pass In - Automatically sells or passes in the listing at the closing time if the reserve is reached

Step 10: Complete the Timed Auction system settings as required:

• Show Starting Bid Amount - Enable to display the starting bid amount to online bidders
• Show No. of Bidders - Enable to display the total number of bidders to each online bidder
• Automatic On The Market - Enable to automatically mark the property as On The Market when a bid is equal to or exceeds the reserve price
• Online Bid Withdraw Requests - Enable to allow bidders to request bid withdrawals, which the auctioneer can accept or decline
• Automatically Start Online Bidding - Enable to start bidding automatically at the scheduled auction start time
• Automatically Stop Online Bidding - Enable to close bidding automatically at the scheduled auction end time
• Automatically Accept Online Bids - Enable to accept all online bids automatically
• Automatically Sell/Pass In - Enable to automatically sell or pass in the property at closing if the reserve is reached

Step 11: Once complete, click the green Update button at the top or bottom right corner of the screen to save changes and return to the Overview tab.

Top Tip

Once a Timed Auction is set up via the PC Console, it can be managed by the Auctioneer directly from their smartphone.