We are a seller at Qoo10 and, of course, other platforms. Qoo10 is a lovely and interesting platform. It has a lot of features which, as a customer, may not easily understand. Today, we will discuss about one feature: auction and lucky Auction.
Auction is just a regular auction. Any bidders can bid the item for as higher the price as they want, and for as many times as they wish. The bidding history is open to anyone for viewing and checking. And when auction goes to the end, the highest bidder win the product(s).
However, lucky auction (was called "Lucky Price") is totally a different game. We will elaborate more on it.
First of all, the bidders cannot bid freely any price. The price must be within the given range and multiples of bid unit. For instance, the bid range is $50 to $300, and bid unit $0.05. Then $49.90 and $300.10 are invalid, because they are outside the range. However, $50.04 is also invalid. Why? Because bid unit is $0.05, and the price must be multiples of the bid unit.
And most importantly, it is NOT the highest bid wins. The winner is randomly picked up by the Qoo10 server. No one knows the target price in the server's mind. So we are not fighting on prices, but we are fighting on who has more luck.
Finally, at the end of lucky auction, if more than one bidder choose the same price, the server will randomly pick one lucky winner.
You may wish to try your luck now? We have a lucky auction ongoing now. Click the link below. The target is a Remington IPL hair remover, worth $459. Before you start, remember it is NOT the highest price wins. Wish you good luck!
http://www.qoo10.sg/gmkt.inc/Goods/Goods.aspx?goodscode=419104113&auc_no=100307693
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