A bidder’s guide to Support and Buy Local Auction
ONLINE SALE TO SUPPORT LOCAL BUSINESSES STARTS TODAY AT NOON
Postmedia’s Support and Buy Local Auction kicks off today and runs through May 26, offering deep discounts on more than $750,000 worth of incredible goods and services from British Columbia’s top local businesses.
The special online event is a way for people to support their favourite B.C. brands, while treating themselves to a stress-free splurge. The auction features an incredible selection of items, including home furnishings, automobiles, custom designed jewelry, wines and more.
Support and Buy Local features a few different auction styles, depending on the item: Dutch, open, and buy now. For the first-time bidder, here’s a guide on how to place your bids and save big:
A Dutch auction is when a seller is offering more than one identical item for sale, so that there may be more than one winner — such as gift certificates. In this style of auction, each bidder can bid for all the items or only some of them. However, all winning bidders need to pay only the lowest qualifying (successful) bid. If there are more successful bids than items available, priority goes to bidder with the highest bid. If bidders have the same highest bid, priority goes to the bidder who submitted their bid first. The Dutch auction style is a great way for bidders to save even more money than they had expected.
Hot tip: Ashley HomeStore is offering gift certificates for a range of values. If you’re on the lookout for great savings on home furnishings, check out the 21 gift certificates for $1,000 available from a starting bid of just $400.
An open auction is the more familiar real-time bidding method, in which bidders place their bid and the highest successful bid before the auction closes wins. In this scenario, it’s good to keep an eye on that coveted dining table set to ensure you’re not outbid at the last second.
Hot tip: Lugaro Jewellers has a collection of classic timepieces, including a stylish Tissot Ballade. Versatile and perfect with any ensemble from day to night, this watch is valued at $795 and the starting bid is $294.
There are additionally a select number of items available for immediate sale, under a buy now option. These are goods that are listed below retail value, so that no-wait savings are guaranteed for the decisive purchaser.
Hot tip: Key West Ford is offering savings of more than $9,000 on a 2019 Ford Fusion Hybrid, available to buy now at $27,780.
Support and Buy Local Auction closes May 26. Winners will be announced by June 1. Visit TheProvince.com/supportlocal.