As many have asked about certain terms commonly used in this forum, this thread serves to define what they are.
Please note that this is just an explanation of terms. Be sure to read the rules that apply for how some of these terms can and cannot be used before posting an auction in this forum:
auction - a public sale where goods are sold to the highest bidder. Public bids are made on the item and at the end of the auction the item is sold to the highest bidder.
AB - stands for Auto Buy. Please see BIN for definition.
BIN - stands for Buy It Now. A BIN price is the amount the seller is willing to accept to end the auction immediately without taking further bids.
ladder auction - A ladder auction contains incentives for bidding which adds additional items to the sale if bidding reaches a certain amount(s).
Minimum Bid Increment - a minimum bid increment refers to the minimum amount a new bid must exceed a previous bid to be considered legitimate. For example, if the minimum bid increment is 1000pg, and the previous bid was 2000pg. The next person must bid at least 3000pg for their bid to be accepted.
public bid - bids that are made on the forums and can be viewed by the general public.
private bid - bids that are made via PM or directly on the pony that only the seller can view.
reserve - this refers to the minimum bid amount the seller must receive at the end of the auction if the item is to be sold. Reserves are NOT allowed on Pi auctions.
starting bid - Sometimes abbreviated as "SB", this is the minimum amount of PG you want people to offer for your item
snipe - this refers to a bid that is made in the final minutes of the auction.
snipe guard - this is done to prevent snipe bids. Some sellers do not wish to accept snipe bids and will therefore state that the auction will be extended by a certain amount of time if a snipe bid is made on their auction.
Hopefully I have defined them so they are easy to understand. If any definitions need to be added, please let me know.
Ooh. very helpful. ^^ Thanks Poohgirl!
The link to the rules posting still points to the old thread (deleted?).
What is OBO? I think its Or Bid Offer ..... or was it Or Best Offer? XD;
thankies thats wondrful!
you are a great help!
hi my name is hollie abram i used to be hollie231195
if u want to tlk just pm me any time
plz dont pm me if u want me to give u an acount renewal or money or anything
that is in the begging section
i love daniel sinnott!!!
thank you your a great mod
THE PRSC STANDS FOR
PONY RESCUE AND SAVING CENTRE HAVE A PONY YOU WERE GOING SEND TO TRIS?OR STARVE SEND IT TO US AND WELL TRY AND GET THEM NEW HOMES!
Thanks This Helps People Out With Auction's as well as under standing them.
OBO = Or Best Offer
Two DVS ponies for USD Auction! http://ponyisland.net/index.php?src=forum&sub=replies&forum=99&topic=2901384 Huge loaded account with $800 in paid renewals for Auction! http://ponyisland.net/index.php?src=forum&sub=replies&forum=99&topic=2902090
Thank you so much! That was super helpful!
A smile is the lighting system of the face, the cooling system of the head and the heating system of the <3 heart. <3
good advice poohgirl
thanks poohgirl ^_^
sub of prncessc
Whats Auto Buy? Sorry Im CornFused!
What if the world were a fish bowl & we were just fish in a people store?
Verry helpful thanks phoogirl
i still dont under satand wat a bin is.
There's one term that's not listed that I'm curious about: speed auction. I'm pretty positive that it's an auction that doesn't last very long, but just how short does it have to be to be an official speed auction? Does that make sense?
"You have your choices and these are what make man great, his ladder to the stars."
Actually I have a similar question. What's the difference between a Live auction and a normal one? ^^
Sub of Kyrislian
thank u PoohGirl! But how does the bidder recieve that auctioned off item? Maybe automatically? Or do the auctioner have to send it?
Thank you, this is very helpful!