English Forward auction
technology

Understanding the English Forward mechanism for your actions
In an English Forward auction, the seller or auctioneer sets a starting price and potential buyers compete against each other by submitting incrementally increasing bids. The auction ends when no more bids are placed and the item, product or commodity being auctioned (called a "lot") is sold to the highest bidder for the value of the highest bid.
The process:
Auction set up
The auctioneer sets the starting price, bid increment, auction duration, & other parameters. The auction is then listed on the auction platform or marketplace.
Bidding process
Interested buyers place their bids by submitting an amount that is higher than the current bid. Bids can be submitted manually or through an automated bidding system.
Price increase
As more bids are placed, the price of the item being auctioned increases in increments according to the set bid increment.
Auction closure
When the auction duration ends, the auctioneer declares the item sold to the highestbidder. The buyer pays the final price, and the auctioneer completes the transaction.
Post-auction
After the auction is over, the auction platform or marketplace may provide additional services, such as payment processing and shipping coordination.
Why you might choose an English Forward auction?
Online English Forward auctions offer a transparent, competitive and efficient means of price discovery for buyers and sellers. This is ideal in nascent or highly volatile markets, or where the potential value is unknown.
Reach a global audience
Create competitive tension
Enable transparent price discovery
Host unlimited auctions on demand
Clients where we have applied an English Forward auction
A global marketplace and exchange for voluntary carbon credits to drive environmental impact at scale.
Read case studyA highly reliable and extensive technology platform for the world's leading auction house.
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