How to Buy & Sell
Bidding
1. Create your account
In order to bid in an auction you’ll first need to set up an account. Follow our step-by-step account creation guide to assist you in this process.
What is needed to bid at auction?
2. Register for auction
This platform only offers online-only auctions, so there is no separate registration process. Placing a bid automatically registers you for that auction.
3. Purchase penny packages (if applicable)
For auctions conducted using Penny Bidding, participants must first purchase penny packages offered in predefined quantities and prices set by the platform. Without these packages, bids cannot be placed. Ensure you have an adequate number of pennies to participate in the auction.
4. Place your bids
Once bidding opens for an auction, enter the highest amount you're willing to bid for each item you’re interested in. For Penny Bidding auctions, each bid will consume one penny from your purchased package, and the item price will increase by a fixed amount per bid.
Each item’s bidding closes in one-minute intervals and, if a bid is made within the last minute, the closing time will extend by two minutes. Competitive bidding may extend an item’s closing by up to two hours.
5. Payment
Only credit card and bank transfers are accepted for payment. The total amount due will include the hammer price, local taxes, and premium courier service.
After the winners are announced, each winner will receive a payment link, which must be confirmed and finalized within 24 hours. Failure to complete the transaction within this timeframe will result in the winner being replaced by the next highest bidder.
6. Shipment
Ishin Altare's Post-Sale Services can handle secure, insured shipping and offer convenient delivery for your items. Shipping times vary based on factors such as the type and weight of the item, its value, the number of pieces, and the chosen delivery method and destination. Once payment is received, including any shipping fees, your item will be expertly packaged and prepared for shipment.
Currently, arranging your own carrier or collecting items in person is not an option, as in-person pick-up is temporarily unavailable.
Selling
At this time, only verified rights holders—such as creators, brand owners, artists, or designers—are eligible to sell their items on our platform. This policy ensures the authenticity, provenance, and quality of the goods offered at auction. If you are a rights holder interested in listing your pieces, please contact our team for further details and assistance in setting up your auction.
Conditions of Business
This section outlines the key rules and processes governing auctions. These conditions ensure fair participation, transparency, and smooth transactions. Review the details carefully to understand how bids are placed, winners are determined, and payments are managed.
1. Automatically Declare the Highest Bidder as the Winner
The system will automatically identify and declare the highest bidder as the winner at the close of the auction. This ensures a smooth and fair process, where the lot is awarded to the participant with the highest valid bid.
2. Allow Single Invoice Payment for Multiple Wins
If you win multiple items in an auction, you will receive a single, combined invoice for all your purchases. This makes it easier for you to manage payments and complete the checkout process conveniently.
3. Restrict the Highest Bidder’s Bid (Prevent Duplicate Bidding)
Once you are the highest bidder, the system will prevent you from placing additional bids on the same item until another participant surpasses your bid. This ensures a fair bidding process and avoids unnecessary duplicate bids.
4. Next Highest Bidder Becomes the Winner (Within 3 Hours)
If the highest bidder fails to complete their purchase within 3 hours after the auction ends, the lot will automatically be awarded to the next highest bidder. This keeps the auction process efficient and fair for other participants.
5. Automatically Extend Auction Time (No Bids Received)
If no bids are placed on a lot before the auction’s scheduled end, the auction time will automatically be extended by 5 days. This gives participants more time to place their bids and ensures every lot has a fair chance of being sold.
6. Penny Bidding Requirements
For auctions conducted with Penny Bidding, participants must purchase penny packages before placing any bids. Each bid will consume one penny from the participant’s package and increase the lot's price by a fixed amount determined by the platform. Bids cannot be placed without an available penny package.
7. Cancellation Policy for Winning Bids
Winning bids cannot be canceled once declared, except in cases of system errors or verified fraudulent activity.
8. Payment Deadline for Winning Bids
Payments must be completed within 24 hours of winning. Failure to do so may result in forfeiture of the lot and transfer to the next highest bidder.
9. Auctioneer’s Discretion
The auctioneer reserves the right to adjust bidding increments or extend the auction time due to technical issues or at their discretion.
10. Condition of Business
All items are sold in their current condition. Please review the descriptions and images carefully before bidding.
11. Fees and Additional Charges
A buyer premium of predefined amount may be added to the final bid amount, along with applicable taxes and shipping fees
12. Shipping and Delivery Policies
Shipping fees are the seller's responsibility. Items will be shipped within 7 business days after payment is received
Glossary
This is a comprehensive resource designed to help you understand the key terms and concepts used in auctions. Whether you’re a first-time bidder or an experienced collector, this guide provides clear definitions and examples to enhance your auction experience.
From bidding strategies to auction procedures, each term is explained in detail, ensuring you have the knowledge to navigate the auction process confidently. Explore the glossary and discover the language of auctions!
1. Auctioneer
The individual conducting the auction, responsible for managing bids, announcing the sale of lots, and ensuring the auction proceeds smoothly. The auctioneer has the discretion to control bidding increments and manage the pace of the auction.
2. Bid
The amount a prospective buyer signals the auctioneer he/she would pay to buy the lot during bidding.
3. Bid Start
The scheduled time when bidding for a specific lot or auction officially begins. At this point, participants can start placing their bids, through the online platform
4. Bid Closure
The point at which the bidding for a specific lot is officially closed. Once the bid closure is announced or the countdown ends, no further bids are accepted, and the highest bidder at that time wins the lot, provided the reserve price (if any) has been met.
5. Bid Increment
The amount by which the bidding increases during an auction, as determined by the auctioneer or the auction house. These increments are predefined and may vary depending on the value of the lot. For instance, higher-value lots may have larger increments, while lower-value lots may have smaller increments. The auctioneer announces the required increment during the auction and has the discretion to adjust it if needed.
6. Buyer Premium
An additional fee charged on the hammer price of a lot. This premium is typically a percentage of the winning bid and is added to the final purchase price to be paid by the buyer.
7. Buyout Price
The fixed price at which a lot can be purchased immediately without participating in the auction. When the "Buyout Price" is used, the auction for that lot ends, and no further bids are accepted. This option allows buyers to secure an item quickly without waiting for the auction to conclude.
8. Current Price
The highest bid received for a lot during the auction. The "Current Price" reflects the most recent valid bid and is displayed in real time, serving as the starting point for the next bid.
9. Estimate
The price range provided by the auction house as a guide for prospective buyers. Estimates reflect the auctioneer's opinion of the lot's potential value and are based on market trends, condition, provenance, and rarity. These figures exclude the buyer's premium and any applicable taxes.
10. Popcorn Bidding
A mechanism in auctions where, if a bid is placed within the final moments of the auction countdown, the time is extended by a predefined period. This process ensures fair competition and allows all interested bidders to participate until no further bids are placed.
11. Lot
An individual item or a group of items offered for sale in an auction. Each lot is assigned a unique number and is described in detail in the auction catalog, including its estimate, condition, and provenance.
12. Lot Sold
Indicates that the lot has been successfully sold to the highest bidder or purchased via the "Buyout Price" option. Once marked as "Lot Sold," the transaction is finalized, and the item is no longer available for bidding or purchase.
13. Penny Bidding
A type of auction where participants place bids by using pre-purchased penny packages, with each bid increasing the price of the item by a fixed amount determined by the platform. To participate in Penny Bidding, users must first purchase penny packages offered in predefined quantities and prices set by the platform.
Bids cannot be placed without a penny package, ensuring fair participation. Additionally, the auction countdown timer may reset or extend with each bid placed, allowing all participants an equal opportunity to compete until no further bids are made. Penny Bidding creates an engaging and competitive environment for securing auctioned items.
1. Create your account
In order to bid in an auction you’ll first need to set up an account. Follow our step-by-step account creation guide to assist you in this process.
What is needed to bid at auction?
2. Register for auction
This platform only offers online-only auctions, so there is no separate registration process. Placing a bid automatically registers you for that auction.
3. Purchase penny packages (if applicable)
For auctions conducted using Penny Bidding, participants must first purchase penny packages offered in predefined quantities and prices set by the platform. Without these packages, bids cannot be placed. Ensure you have an adequate number of pennies to participate in the auction.
4. Place your bids
Once bidding opens for an auction, enter the highest amount you're willing to bid for each item you’re interested in. For Penny Bidding auctions, each bid will consume one penny from your purchased package, and the item price will increase by a fixed amount per bid.
Each item’s bidding closes in one-minute intervals and, if a bid is made within the last minute, the closing time will extend by two minutes. Competitive bidding may extend an item’s closing by up to two hours.
5. Payment
Only credit card and bank transfers are accepted for payment. The total amount due will include the hammer price, local taxes, and premium courier service.
After the winners are announced, each winner will receive a payment link, which must be confirmed and finalized within 24 hours. Failure to complete the transaction within this timeframe will result in the winner being replaced by the next highest bidder.
6. Shipment
Ishin Altare's Post-Sale Services can handle secure, insured shipping and offer convenient delivery for your items. Shipping times vary based on factors such as the type and weight of the item, its value, the number of pieces, and the chosen delivery method and destination. Once payment is received, including any shipping fees, your item will be expertly packaged and prepared for shipment.
Currently, arranging your own carrier or collecting items in person is not an option, as in-person pick-up is temporarily unavailable.
At this time, only verified rights holders—such as creators, brand owners, artists, or designers—are eligible to sell their items on our platform. This policy ensures the authenticity, provenance, and quality of the goods offered at auction. If you are a rights holder interested in listing your pieces, please contact our team for further details and assistance in setting up your auction.
This section outlines the key rules and processes governing auctions. These conditions ensure fair participation, transparency, and smooth transactions. Review the details carefully to understand how bids are placed, winners are determined, and payments are managed.
1. Automatically Declare the Highest Bidder as the Winner
The system will automatically identify and declare the highest bidder as the winner at the close of the auction. This ensures a smooth and fair process, where the lot is awarded to the participant with the highest valid bid.
2. Allow Single Invoice Payment for Multiple Wins
If you win multiple items in an auction, you will receive a single, combined invoice for all your purchases. This makes it easier for you to manage payments and complete the checkout process conveniently.
3. Restrict the Highest Bidder’s Bid (Prevent Duplicate Bidding)
Once you are the highest bidder, the system will prevent you from placing additional bids on the same item until another participant surpasses your bid. This ensures a fair bidding process and avoids unnecessary duplicate bids.
4. Next Highest Bidder Becomes the Winner (Within 3 Hours)
If the highest bidder fails to complete their purchase within 3 hours after the auction ends, the lot will automatically be awarded to the next highest bidder. This keeps the auction process efficient and fair for other participants.
5. Automatically Extend Auction Time (No Bids Received)
If no bids are placed on a lot before the auction’s scheduled end, the auction time will automatically be extended by 5 days. This gives participants more time to place their bids and ensures every lot has a fair chance of being sold.
6. Penny Bidding Requirements
For auctions conducted with Penny Bidding, participants must purchase penny packages before placing any bids. Each bid will consume one penny from the participant’s package and increase the lot's price by a fixed amount determined by the platform. Bids cannot be placed without an available penny package.
7. Cancellation Policy for Winning Bids
Winning bids cannot be canceled once declared, except in cases of system errors or verified fraudulent activity.
8. Payment Deadline for Winning Bids
Payments must be completed within 24 hours of winning. Failure to do so may result in forfeiture of the lot and transfer to the next highest bidder.
9. Auctioneer’s Discretion
The auctioneer reserves the right to adjust bidding increments or extend the auction time due to technical issues or at their discretion.
10. Condition of Business
All items are sold in their current condition. Please review the descriptions and images carefully before bidding.
11. Fees and Additional Charges
A buyer premium of predefined amount may be added to the final bid amount, along with applicable taxes and shipping fees
12. Shipping and Delivery Policies
Shipping fees are the seller's responsibility. Items will be shipped within 7 business days after payment is received
This is a comprehensive resource designed to help you understand the key terms and concepts used in auctions. Whether you’re a first-time bidder or an experienced collector, this guide provides clear definitions and examples to enhance your auction experience.
From bidding strategies to auction procedures, each term is explained in detail, ensuring you have the knowledge to navigate the auction process confidently. Explore the glossary and discover the language of auctions!
1. Auctioneer
The individual conducting the auction, responsible for managing bids, announcing the sale of lots, and ensuring the auction proceeds smoothly. The auctioneer has the discretion to control bidding increments and manage the pace of the auction.
2. Bid
The amount a prospective buyer signals the auctioneer he/she would pay to buy the lot during bidding.
3. Bid Start
The scheduled time when bidding for a specific lot or auction officially begins. At this point, participants can start placing their bids, through the online platform
4. Bid Closure
The point at which the bidding for a specific lot is officially closed. Once the bid closure is announced or the countdown ends, no further bids are accepted, and the highest bidder at that time wins the lot, provided the reserve price (if any) has been met.
5. Bid Increment
The amount by which the bidding increases during an auction, as determined by the auctioneer or the auction house. These increments are predefined and may vary depending on the value of the lot. For instance, higher-value lots may have larger increments, while lower-value lots may have smaller increments. The auctioneer announces the required increment during the auction and has the discretion to adjust it if needed.
6. Buyer Premium
An additional fee charged on the hammer price of a lot. This premium is typically a percentage of the winning bid and is added to the final purchase price to be paid by the buyer.
7. Buyout Price
The fixed price at which a lot can be purchased immediately without participating in the auction. When the "Buyout Price" is used, the auction for that lot ends, and no further bids are accepted. This option allows buyers to secure an item quickly without waiting for the auction to conclude.
8. Current Price
The highest bid received for a lot during the auction. The "Current Price" reflects the most recent valid bid and is displayed in real time, serving as the starting point for the next bid.
9. Estimate
The price range provided by the auction house as a guide for prospective buyers. Estimates reflect the auctioneer's opinion of the lot's potential value and are based on market trends, condition, provenance, and rarity. These figures exclude the buyer's premium and any applicable taxes.
10. Popcorn Bidding
A mechanism in auctions where, if a bid is placed within the final moments of the auction countdown, the time is extended by a predefined period. This process ensures fair competition and allows all interested bidders to participate until no further bids are placed.
11. Lot
An individual item or a group of items offered for sale in an auction. Each lot is assigned a unique number and is described in detail in the auction catalog, including its estimate, condition, and provenance.
12. Lot Sold
Indicates that the lot has been successfully sold to the highest bidder or purchased via the "Buyout Price" option. Once marked as "Lot Sold," the transaction is finalized, and the item is no longer available for bidding or purchase.
13. Penny Bidding
A type of auction where participants place bids by using pre-purchased penny packages, with each bid increasing the price of the item by a fixed amount determined by the platform. To participate in Penny Bidding, users must first purchase penny packages offered in predefined quantities and prices set by the platform.
Bids cannot be placed without a penny package, ensuring fair participation. Additionally, the auction countdown timer may reset or extend with each bid placed, allowing all participants an equal opportunity to compete until no further bids are made. Penny Bidding creates an engaging and competitive environment for securing auctioned items.