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Configure Auction Experience

Auction experiences enable competitive bidding on products, allowing the market to determine fair prices. This is ideal for high-value items, collectibles, and unique products where demand exceeds supply.

When to Use Auctions

Auctions are best for:
  • High-value items - Luxury goods, rare collectibles
  • Price discovery - Let the market set the price
  • Unique products - One-of-a-kind or limited items
  • Charity events - Fundraising with competitive bidding
  • Overstock liquidation - Clear inventory at market prices

Creating an Auction Experience

  1. Navigate to Experiences > Create Experience
  2. Select Auction from the experience type options
  3. Complete the auction configuration form
Caption: The auction creation form with all configuration options

Auction-Specific Settings

Auction Type

Choose the auction format: Caption: Choose the supported auction format

Pricing Configuration

Caption: Configure pricing rules for your auction
Reserve PriceIf the reserve price isn’t met, the item won’t sell even if there are bids. The reserve is hidden from bidders by default.
Send money values as decimal strings, such as "100" or "100.00", when using the Admin API.

Schedule Configuration

Auto Extend

Extend the auction when late bidding occurs: Caption: Prevent sniping with automatic auction extension

Payment Integration

Auctions require payment integration to collect from winners.

Stripe Connect

Connect your Stripe account to process auction payments:
  1. Navigate to Settings > Payments
  2. Connect your Stripe account
  3. Enable auction payments
Caption: Connect Stripe to process auction payments

Bidder Requirements

Control who can participate: Caption: Set requirements for auction participants

Notifications

Bidder Notifications

Seller Notifications

Auction Timing

Auction visibility and bidding actions are derived from the distribution timing state:

Example: Collectible Auction

Scenario

  • Item: Signed memorabilia
  • Expected value: $500-1,000
  • Duration: 7 days

Configuration

Caption: A fully configured collectible auction

Best Practices

Setting Prices

  1. Research comparable sales - Check what similar items sold for
  2. Start low to attract bidders - Low starting bids drive competition
  3. Set realistic reserves - Too high and you won’t sell
  4. Consider no reserve - Guaranteed sale, potentially lower price

Auction Duration

Timing

  • Start mid-week - Avoid Monday/Friday when people are busy
  • End on Sunday evening - Maximum bidder availability
  • Avoid holidays - Reduced participation

Handling Issues

Reserve Not Met

Options when reserve isn’t met:
  1. Contact highest bidder to negotiate
  2. Relist with lower reserve
  3. Accept the highest bid anyway

Payment Failure

If winner doesn’t pay:
  1. Send payment reminders
  2. Contact winner directly
  3. Offer to second-highest bidder
  4. Relist the item

Disputed Bids

If a bidder disputes:
  1. Review bid history
  2. Check for technical issues
  3. Contact bidder for clarification
  4. Consider canceling problematic bids