: Using fluorescent multi-color packs can help categorize different auction sections or ending times. Key Information to Include
If you are creating your own paper forms using templates from Word or Google Docs, ensure they include the following sections for clarity and legal compliance:
: The minimum amount a new bid must exceed the previous one (e.g., "$5 increments"). bid and buy auction
: A brief summary of the item and its estimated retail value.
: Usually set at 30–50% of the retail value to encourage early bidding. : Using fluorescent multi-color packs can help categorize
: Columns for the bidder's name, phone number, or bidder ID number.
: A fixed price that allows a bidder to bypass the auction and purchase the item instantly. : Usually set at 30–50% of the retail
: Space-saving options like slim bid forms are useful for smaller display areas.