For Sellers
Sellers can create an auction listing at any time. The process is similar to creating a regular listing but requires entering two key fields:
Reserve Price: the minimum amount the seller is willing to accept. If bidding does not meet this amount, the item will not be sold.
Starting Bid: the lowest amount bidding can start at.
⏱️ Auction Duration
All auctions last for 30 days. The duration is fixed and cannot be customized.
✏️ Auction Listing Updates
Editing Listings: Sellers can still edit the listing while the auction is live (e.g., adding photos, updating the description).
Deleting Listings: Sellers may delete the listing only if no bids have been placed. If there is at least one bid, the listing cannot be deleted. In these cases, sellers must reach out to Garage Support for assistance.
👀 Auction Monitoring
Sellers can view all bids and bidding history from their dashboard. They can also answer questions from interested buyers through Garage chat.
For Buyers (Bidders)
Bidders have two ways to place a bid:
Manual Bid: A bid placed at a specific amount immediately.
Max Bid (also called Proxy Bid): The highest amount you're willing to pay. The system will automatically place incremental bids on your behalf until your max bid is reached.
➕ Max Bid Increments
Bid increments are determined by the current price range:
Price Range | Increment Amount |
$0 – $100 | $2 |
$101 – $1,000 | $25 |
$1,001 – $10,000 | $100 |
$10,001 – $20,000 | $250 |
$20,001 – $50,000 | $500 |
$50,001 – $100,000 | $1,000 |
$100,001 and up | $2,500 |
🙋♂️How Automatic Bidding Works
If your max bid is below the reserve price:
Your bid will start at the greater of either:
the auction’s starting price, or
the highest current bid plus the increment amount.
Then, the system will continue increasing bids by the increment amount until your max bid is reached.
If your max bid exceeds the reserve price:
Your bid will start at the greater of either:
the reserve price, or
the highest current bid plus the increment amount.
If two bidders submit max bids:
The higher max bid will automatically outbid the other by one increment.
For example: If a person submits a max bid of $100,000 and you submit a max bid of $130,000, then your bid automatically updates to $102,500.
If there's a tie between max bids:
The first bidder who submitted their max bid will take priority.