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
- Navigate to Experiences > Create Experience
- Select Auction from the experience type options
- Complete the auction configuration form
Auction-Specific Settings
Auction Type
Choose the auction format:
Caption: Choose the supported auction format
Pricing Configuration
Caption: Configure pricing rules for your auctionReserve 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.
"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:- Navigate to Settings > Payments
- Connect your Stripe account
- Enable auction payments
Bidder Requirements
Control who can participate:
Caption: Set requirements for auction participants
Notifications
Bidder Notifications
Seller Notifications
Auction Timing
Example: Collectible Auction
Scenario
- Item: Signed memorabilia
- Expected value: $500-1,000
- Duration: 7 days
Configuration
Best Practices
Setting Prices
- Research comparable sales - Check what similar items sold for
- Start low to attract bidders - Low starting bids drive competition
- Set realistic reserves - Too high and you won’t sell
- 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:- Contact highest bidder to negotiate
- Relist with lower reserve
- Accept the highest bid anyway
Payment Failure
If winner doesn’t pay:- Send payment reminders
- Contact winner directly
- Offer to second-highest bidder
- Relist the item
Disputed Bids
If a bidder disputes:- Review bid history
- Check for technical issues
- Contact bidder for clarification
- Consider canceling problematic bids
Related Guides
- Payment Settings - Configure Stripe Connect
- Experience Schedule - Understanding auction timing
- Experience Analytics - Auction metrics