Watch, bid and conclude against a reviewed Product lot.
Showcase Auctions are structured Product sale events with a versioned lot, clear terms, live bidding and a locked conclusion record.
Before the Auction
The seller prepares a lot, pricing rules, duration and sale scope. Review gates must pass before the case can advance to scheduling and bidding.
Visitors can watch upcoming Auctions and continue watching after they become live.
During the Auction
Live Auctions appear first on the Auction board. Bids are handled with race-safe server rules, minimum increments and the current end time.
Watching never prevents participation. A user can open a live Auction, watch it, review readiness and bid from the active experience.
Closing
When the Auction closes, the result is locked to the winning account and value subject to integrity review and reserve rules.
The conclusion creates a durable record for post-Auction correspondence. It does not itself transfer legal ownership.
Default and disputes
The lifecycle includes default review, dispute and appeal states so a failed winning transaction is not silently rewritten. Any runner-up process follows the approved Auction rules rather than an ad hoc reassignment.