Fixed Price and Auction

Fixed Price and Auction

In general, items on WOO Closet can be sold in two ways:

Fixed-price items

are easy to identify because they have a “Buy Now” button with a price listed next to it. You can buy this kind of item simply by clicking the “Buy It Now” button. You will pay the price listed next to the button.

Auction

items have a “Place Bid” button next to a box for entering bids and show a “current bid” price. Auction items are open to bids for a predetermined amount of time. When time is up, the item is declared “sold” to the highest bidder.

How bidding works on WOO Closet

Bidding on Woo Closet auction is all about getting a bargain price for the item you want. Once a seller names the starting price, it’s you against other buyers competing to place the highest bid before the listing ends.

Woo Closet auctions often have multiple competing bidders, but you can increase your chances of winning with a sensible strategy. Before you bid on an item, do some research. The goal is to find the listing that gives you the best chance of winning for the lowest possible price.

Consider how much you’re willing to pay, decide on your maximum bid, and stick to it. Never place a bid if you’re not ready to buy the item since you’ll be committed to the purchase if you win.

Send offers

If the seller is willing to accept offers, consider sending them your best offer. The seller can accept, reject, or make you a counteroffer if they are interested but want to negotiate. If your best offer is accepted, you can often win an item without waiting through the auction, and it might even save you some money.

Tips and tricks

You can look at other auctions and bids for similar items which will give you an estimate of what other buyers are willing to pay.

Be aware of what time the auction ends and how many other users are watching the item. A common tactic on auction sites is “bid sniping”, meaning people will try to swoop in at the last minute with a winning bid. You will see a lot of activity as auction-style listings near their expiry.