Limitation
Limiting is a simple way for you to participate in an auction without having to be online at the time of the auction.
Limiting takes place the entire time the auction catalog is issued until the start of the auction.
If you want to limit, just determine in advance the maximum amount you are willing to offer for the item.
If your bid is not outbid by another bidder, you win the item.
Only you and the auction house can see this amount.
If the auction price exceeds your limit and you are connected online, you have the option to raise your bid and win the item.
Online auction
After the end of the limitation, the online auction starts, during which the items are auctioned one by one.
Sufficient time is set for each of them to submit a bid, and in the case of a new bid, the time is automatically extended.
The winner of the item is the bidder whose bid remains the highest until the time for bidding on the item expires.
After the end of the auction, the respective auction house will send you all the necessary information about the method of payment and the possibilities of shipping/picking up the work.
Hall auction
The hall auction on the Livebid platform offers the experience of a hall auction without having to physically participate in it.
Thanks to the live broadcast, you can watch and listen to the auctioneer in the comfort of your own home, who is in charge of the pace of the auction and decides when the auction of a particular item closes and who the winner is.
Whether you bid from home or in the hall, you have the same conditions and chances of winning.
However, online bidding offers much more convenience and flexibility.