When auctions make sense
Auctions suit surplus stock, bulk lots and time-sensitive inventory, where the market sets a fair price faster than negotiation.
How bidding works on Prebro
Sellers list a lot with a start price and end time. Buyers place bids on the auctions page; some lots use sealed bids that stay hidden until the auction ends. You can also set a maximum (proxy) bid and let the system bid for you up to that limit.
Bidding tips
- Inspect the lot description, quantity and Incoterm before bidding.
- Decide your maximum landed cost first, then work back to a bid ceiling.
- Account for freight from the lot's location.
For sellers
Clear photos, exact quantities and realistic start prices attract more bidders.