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WHAT IS A DROP DOWN AUCTION?
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A Drop Down Auction ensures that the user prepared to buy at the current amount wins the auction. This is basically a type of First Price Auction in which the item on sale starts at an Opening Price. Then, the price gradually decreases until a bidder "buzzes in" to place a bid. The auction is then concluded and the bidder wins the auction.
The Drop Down Auction is characterized by its decreasing price mechanism and buyers are guaranteed to be able to bid and win the item in a very short time. The bid price and timing of the decrease in price will be randomly set by the auctioneer and there is no fix pattern of time and price changes.
If the asking bid price meets your requirement, kindly click on the Bid Button and the auction will be concluded and the record is SOLD to the first bidder who placed the bid.
REGISTRATION
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You must be a registered user to buy any item. To register simply click on the "register" button in the navigation bar at the top, enter your details and click "register". You will be sent an activation email to the address you provided. To activate your account simply click on the link provided in the email.
Once your account is activated you may log into the drop down auction and buy any item or add items to your watch list.
BUYING
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Once an item price meets your requirements simply click on the "BUY NOW" button to continue to a confirmation screen. If you are certain you wish to buy the item click the "BUY NOW" button once more. The item is then sold to you at the current listed price. Raresoulman will contact you regarding payment.
WATCH LIST
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If you are interested in monitoring the status of one or more items, simply click on the "WATCH ITEM" button. From the navigation bar accross the top you can change your auction view to list watched items only.
Once you have decided to watch an item you can see how many other auction users are also watching the specified item.
If an item is bought buy another user or has ended without a bid placed against it, you will see the status of that item change accordingly.
If an item is sold or expires outside of your watch list it will be removed from the auction view.
PRICE DROP
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When an item enters its "price drop" period you will see the price display change to indicate this.
Each item has an individual price drop period. The amount by which an item drops and the intervals in which it drops in are also unique to each item.