BP Tax – BP Tax or Buyer’s Premium Tax refers to the percentage and function to set a Tax on the Buyer’s Premium in the Webtron Auction Management Dashboard. It is a Tax levied against the Buyer’s Premium value post-auction. You can set a BP Tax on an auction-by-auction basis in the General Settings tab or set a default percentage in your Auctioneer profile under the Financial Details tab. The BP Tax will be levied against the final Buyer’s Premium value calculated on a Lot-by-Lot basis in the Invoicing phase.
Tax on Charges
Charges Tax – Charges Tax refers to the percentage and function to set a Charges Tax in the Webtron Auction Management Dashboard. It is a Tax levied against the Charges value set on a per-item basis. You can set a Charges Tax on an auction-by-auction basis in the General Settings tab or set a default percentage in your Auctioneer profile under the Financial Details tab.
Timed Auction
Context Category – Platform Terminology, Auction Setup Terminology. Terminology Category – Auction Type. Appears in – The Webtron Dashboard, and Vendor+. Alternate Terms – Timed, Limited Time Auction, Timed Sale. Auction Format –Catalogue-style Auction, publicly viewable before opening for Bidding during the set Auction Dates and Times (Start and End). Additional Auction Options – Set Bidding Extension option, and Stagger End Times. Supported Item Types – Listing, and Lot. Visibility –Public, your Timed Auctions will be viewable on the Current Auctions page of your Portal when both the Auction and at least one Listing or Lot are in Live status. Concluded Timed Auctions will appear in the Past Auctions menu after you have moved the Auction from Live to Reconciliation status. Can be hidden? –Yes, click here to open our Hiding Auctions and Items guide.
Definition –Timed Auction, or Timed for short, is the term for our Timed Auction auction type. A Timed Auction has a defined Start Date and Time, and End Date and Time, which allows Bidders to place Standard Bids and to set Auto Bids any time after the Start Date and Time and prior to the End Date and Time. Once the End Time is reached, a Timed Auction will close. There are additional options when it comes to the closing stage of your Timed Auction; Bidding Extension and Stagger End Times.
The Marketplace
Context Category – Platform Terminology, Auction Setup Terminology. Terminology Category – Auction Type. Appears in – The Webtron Dashboard. Alternate Terms – Marketplace, Timed Marketplace, Your Marketplace, Tender Sales. Auction Format –Category-basedCatalogue-style Auction, individual Items publicly viewable before opening for Bidding during the set Item End Dates and Times (Start and End). Additional Auction Options – Set Bidding Extension option, and Stagger End Times. Supported Item Types – Listing, and Lot. Visibility –Public, the Marketplace tab appears on the Current Auctions page if you have any Marketplace Items in Live status. Items sold via the Marketplace do not appear in the Past Auctions menu. Can be hidden? –Yes,click here to open our Hiding individual or groups of Items guide.
Definition –The Marketplace is the term we use to describe the Marketplace Auction Type. The Marketplace is a permanent Auction/Storefront, most comparable in functionality to a Timed Auction, and is suited best for Individual Items that either do not fit in your Timed Auctions, or can be used for offering unsold Items (please note, this requires re-importing those Items and their Photos, Documents, and YouTube embed links).
Unit of Measure
Unit of Measure – Unit of Measure refers to the function and field value in the Webtron Auction Management Dashboard to set the Unit of Measurement for the Item on your Portal. Unit of Measure is only valid for Items using the Listing Item Type and the Tender Purchase Option, it is unsupported for all other Item Types and Purchase Options. The Tender Purchase Option is not currently supported.
User
User – User is a universal term that refers to someone appearing in the Webtron Auction Management Dashboard’s User List, we use the term User to refer to both Bidders and Client Administrator or Admin for short.
Username
Username – Username is a term that refers to a Bidder’s chosen alternate login. When Creating an Account, we ask Bidder’s to set a Username which can be used as a (in most cases) shorter Login option. The Username has to adhere to the following formatting; it must be 6-20 characters, contain no spaces, and can only contain alphanumeric characters (a-z, 0-9) as well as dots, dashes and underscores (. – _). It cannot contain the @ Symbol and cannot be their email address. Usernames are permanent and cannot be changed or edited by the Bidder or by a Client Administrator.
Value
Value – Value refers to wording used in the Webtron Auction Management Dashboard. We use Value to define a final amount and a calculated amount by a pre-defined Amount + a Tax Rate, for example, the Hammer value + the Buyer’s Premium rate = the Buyer’s Premium value.
Vendor
Vendors – Vendors is a term that refers to multiple menus and functions within the Webtron Auction Management Dashboard. Vendors is a menu that appears under Users & Groups > Vendors, with this menu allowing you to Create and Edit the Vendor Profiles you assign to your Items. Details required to complete a Vendor Profile are Full Name, Email Address, Postal or Business Address, and Contact Number. Vendor (singular) also refers to the Item column in either the Create New Items menu or Item Upload spreadsheet, under which you are required to assign a Vendor Profile to each Item created (Please Note, a Vendor Profile must be created prior to Item Creation or Upload for that Vendor to appear as an auto-fill option).
Vendor Association
Vendor Association – Vendor Association is a term that refers to both the User Details submenu and the Vendors menu’s Public Vendor Administrators function. Vendor Association is a function that allows you to partner a User/Bidder’s profile with a Vendor profile. As of January 2024, with the MySales module now considered a Discontinued feature, Vendor Association currently serves no function and can be ignored.
Webcast Auction
Context Category – Platform Terminology, Auction Setup Terminology. Terminology Category – Auction Type. Appears in – The Webtron Dashboard, and Vendor+. Alternate Terms – Webcast, Live Webcast Auction, Webcast Sale, Simulcast Auction, Live Simulcast Auction, Livestream Auction. Auction Format –Catalogue-style Pre-Bidding and Live Ring Bidding style Auction, publicly viewable and Pre-Bidding optional before set Start Date and Time, Livestream and Lot-by-Lot or Grouped Lots Bidding after set Start Date and Time. Additional Auction Options – Toggle-able Pre-Bidding (Off by Default), and Silent Auction. Supported Item Types – Webcast Lot only. Visibility –Public, your Webcast Auctions will be viewable on the Current Auctions page of your Portal when both the Auction and at least one Webcast Lot are in Live status. Concluded Webcast Auctions will appear in the Past Auctions menu after you have moved the Auction from Live to Reconciliation status. Can be hidden? –Yes, click here to open our Hiding Auctions and Items guide.
Definition –Webcast Auction, or Webcast for short, is the term for our Live Webcast Auction auction type. A Webcast Auction enables an Auctioneer to livestream to their Portal (Video and Audio, or just Audio) and auction off their Webcast Lots one at a time, or in Groups of Webcast Lots. A Webcast Auction has an optional Enable Pre-Bidding toggle but functions mainly with a defined Start Date and Time and a Livestream component. The Webcast Start Date and Time controls when the Webcast Auction will move from Live (Pre-Bidding) phase to the Live (Live Bidding) phase. The first Live phase is the Live (Pre-Bidding) phase, this phase displays the Webcast Auction in Catalogue view, like that of a Timed Auction (with the option to toggle Enable Pre-Bidding or allow viewing only). The second Live phase is the Live (Live Bidding) phase, the Webcast Auction transitions to the Live Webcast view, whereby each Webcast Lot is presented to the Bidders in the Ring one at a time or multiple Webcast Lots can be displayed as a Group, with upcoming Lots and Sold or Passed Lots displayed below the Ring in two lists, Open and Closed. The Webcast Clerk controls the Lot and Group in the Ring by setting Asking Price, the BiddingIncrement, Bidding on behalf of the Floor, and accepting Commission Bids at the behest of the Auctioneer.
Webcast Clerk Controls
Manual Incr. – Manual Incr. or Manual Increments refers to a checkbox and function located just below the Increments column on the Clerking Screen. When checked/ticked, the Clerk has full control over switching between Increments. When unchecked, the Clerking Console will follow your Auto-Increments table as set on your Auctioneer Profile, with Increment changes fully automated for the Clerk. You can ask me how Auto-Increments work and how to set them, I can walk you through it if you have the relevant Client Administrator access.
Add Increment – Add Increment refers to a text box and function located just below the Increments column on the Clerking Console. Typing out a new value and hitting Enter (or Return) will add that value to your Increment list permanently. Clicking Reset at the top of the List will remove all added increments and revert the list to your Default Increments set in your Auctioneer Profile.
Hammer – Hammer refers to a text box and function located just above the Lot in Ring Controls on the Clerking Console. The Hammer field will show the Current Highest Bid amount, but you can also click into the field (or press SHIFT and H on your keyboard), type out a new value (whole numbers only, no decimals or commas) then hit Enter (or Return) to set that amount as the new Hammer value/Current Highest Bid.
Asking Price – Asking Price refers to a text box and function located just above the Lot in Ring Controls on the Clerking Console. The Asking Price field will show the Current Highest Bid + the set Increment, matching that of the value on the Bid button the Bidders see on your Portal. Same as the Hammer field, you can also click into the field (or hit SHIFT and A on your keyboard), type out a new value (whole numbers only, no decimals or commas) then hit Enter (or Return) to set that amount as the new Asking Price.
Fair Warning – Fair Warning refers to a button and function found on the Lot in Ring Controls on the Clerking Console. If an Auctioneer calls “Going Once, Going Twice, Going Third and Final Time” or some variation of a countdown, you can click Fair Warning (or press the letter W on your keyboard). Each Click deploys the first, then second, then third and final warning to all Underbidders and Viewers on the Live Auction page. The Fair Warning button will reset if another bid is entered by the Clerk or another Online Bid is received.
Undo – Undo refers to a button and function found on the Lot in Ring Controls on the Clerking Console. Once the Clerk hits Sell on a Lot, the Undo button will enable, allowing the Clerk to quickly re-open the Lot or correct a mistaken button press (Same as Undo Bid, the keyboard shortcut is the letter U).
Floor Bid (Clerk Control) – Floor Bid refers to both a button and Bid Type found on the Clerking Console. The button serves the function of converting the Current Highest Online Bid into a Floor Bid, should the Auctioneer decide to accept a Floor Bid over an Online Bid. The Bid Type is a bid placed manually by the Clerk representing a bid accepted on-location. Any bids placed by the Clerk (or a Client Administrator with the Reserve Bidder privilege) will show as Floor Bidder in the Bid History section of the Clerking Console, as well as on the Auctioneer and Room Screens.
Sell – Sell refers to a button and function found on the Lot in Ring Controls on the Clerking Console. Clicking Sell (or pressing the S key on your keyboard) will place the Item in Sold status, but will now give you the choice of proceeding to the next item by clicking Next (or pressing the S key on your keyboard again), Undo to open the Item back up to bidding (the U key), or Remove from Sale to clear the Ring.
Pass & Next – Pass & Next, or Pass and Next, refers to a button and function found on the Lot in Ring Controls on the Clerking Console. If an Item receives no bids or does not meet its Reserve, the Clerk can click Pass & Next (or press SHIFT and P on your keyboard) to place the Item in Passed status and move straight to the next Item in the Lot Order.
Re-Offer – Re-Offer refers to a button and function found on the Lot in Ring Controls on the Clerking Console. Re-Offer is one of only two buttons on the Clerking Console that requires confirmation, as Re-Offer will cancel all bids and reset the Item back to a Hammer Price of 0 and an Asking Price matching that of the Increment. Unless a catastrophic error has occurred, do not click Re-Offer unless absolutely necessary.
Undo Bid – Undo Bid refers to a button and function found on the Lot in Ring Controls on the Clerking Console. Undo Bid allows the Clerk to Cancel the Current Highest Bid, either by clicking Undo Bid or pressing the U key on your Keyboard. Undo Bid can be hit as many times as needed to Cancel several bids in rapid succession and works on both Online and Floor Bids. If hit by mistake, click Reinstate in the Bid History to redo the Cancelled Bid.
Remove from Sale – Remove from Sale refers to a button and function found on the Lot in Ring Controls on the Clerking Console. Clicking Remove from Sale (or pushing SHIFT and M on your keyboard) will pull the Current Lot out of the Ring and enable the Send button on all Lots remaining under the Lot Listing tab. If you meant to ask for information on how to Delete an Item, please ask How do I delete an Item.
Pause Bidding – Pause Bidding refers to a button and function located on the bottom-left of the Clerking Console. Clicking Pause Bidding (or pressing the P key on your keyboard) will simply freeze the Bid button for Online Bidders, the pause button will now say Resume Bidding and you can click it to open it back up (or press the P key again). Pause Bidding is useful for if you need to set up an Item, such as changing the Asking Price or Increment, without any Online Bids interrupting the changeover.
Webcast Clerk Settings
Webcast Clerk Settings – Webcast Clerk Settings is a term that refers to the Settings panel located at the top-right of the Clerking Console. This panel allows the Clerk to Start the Auction early (roll the Auction from Pre-Bidding to Live Phase on the Portal), Pause the Auction, Configure and Publish a Live Feed, open the Auctioneer and Room Screens and find the Clerking Keyboard Shortcuts list.
Webcast Lot
Context Category – Platform Terminology, Auction Setup Terminology, Item Setup Terminology. Terminology Category – Item Type. Appears in – The Webtron Dashboard, and Vendor+. Alternate Terms – Lot, Live Bidding Lot, Group Lot. Supported Auction Types – Webcast Auctions. Supported Purchase Options – None. Supported Bidding Options – The Webcast Lot Item Type supports full Standard Bidding. Webcast Lots also offer a unique Bidding Option; Commission Bids. Commission Bids mimic Auto Bids but aren’t auto-applied on the Increment when outbid, Commission Bids are placed manually by the Webcast Clerk on behalf of the Bidder.
Definition –Webcast Lot is an Item Type supported by Webcast Auctions only. A Webcast Lot is used to denote that this Item is to be included in a Live Webcast Auction, and support Standard Bidding; Bids on the Increment, Auto Bids (Pre-Bidding phase) and Commission Bids (Live Bidding phase). Webcast Lots only support Purchase Option – None. Webcast Lots can only be used in Webcast Auctions.
Whitelist
Whitelist – Whitelist is a term/classification that appears on both the Users & Groups > Users menu, the Registrants menu and the Bidder Details > Edit menu. Whitelist is used to mark a Bidder’s account for automatic Registration Approval if your Portal has Auto Approve All Registrants disabled or if you are enrolled in the Webtron Verification beta. Click the + symbol under the Whitelist column in either the Users list or Registrants list then provide an Audit Message and click OK to confirm that Bidder’s Whitelist status. Whitelisted Bidders are marked with a yellow Star symbol on the Users list and Registrants list.
Xg Rates
Xg Rates – Xg Rates or Exchange Rates is a tem that refers to the Xg Rates panel located at the top-right of the Clerking Console. This panel allows the Clerk to display multiple Currencies and set the Current Exchange Rate for those Currencies so that the Portal correctly translates the set Currency for the Current Lot in the Ring. This feature is currently unsupported.
Webtron Glossary – T to Z
Tax on Buyer’s Premium
BP Tax – BP Tax or Buyer’s Premium Tax refers to the percentage and function to set a Tax on the Buyer’s Premium in the Webtron Auction Management Dashboard. It is a Tax levied against the Buyer’s Premium value post-auction. You can set a BP Tax on an auction-by-auction basis in the General Settings tab or set a default percentage in your Auctioneer profile under the Financial Details tab. The BP Tax will be levied against the final Buyer’s Premium value calculated on a Lot-by-Lot basis in the Invoicing phase.
Tax on Charges
Charges Tax – Charges Tax refers to the percentage and function to set a Charges Tax in the Webtron Auction Management Dashboard. It is a Tax levied against the Charges value set on a per-item basis. You can set a Charges Tax on an auction-by-auction basis in the General Settings tab or set a default percentage in your Auctioneer profile under the Financial Details tab.
Timed Auction
Context Category – Platform Terminology, Auction Setup Terminology.
Terminology Category – Auction Type.
Appears in – The Webtron Dashboard, and Vendor+.
Alternate Terms – Timed, Limited Time Auction, Timed Sale.
Auction Format – Catalogue-style Auction, publicly viewable before opening for Bidding during the set Auction Dates and Times (Start and End).
Additional Auction Options – Set Bidding Extension option, and Stagger End Times.
Supported Item Types – Listing, and Lot.
Visibility – Public, your Timed Auctions will be viewable on the Current Auctions page of your Portal when both the Auction and at least one Listing or Lot are in Live status. Concluded Timed Auctions will appear in the Past Auctions menu after you have moved the Auction from Live to Reconciliation status.
Can be hidden? – Yes, click here to open our Hiding Auctions and Items guide.
Definition – Timed Auction, or Timed for short, is the term for our Timed Auction auction type. A Timed Auction has a defined Start Date and Time, and End Date and Time, which allows Bidders to place Standard Bids and to set Auto Bids any time after the Start Date and Time and prior to the End Date and Time. Once the End Time is reached, a Timed Auction will close. There are additional options when it comes to the closing stage of your Timed Auction; Bidding Extension and Stagger End Times.
The Marketplace
Context Category – Platform Terminology, Auction Setup Terminology.
Terminology Category – Auction Type.
Appears in – The Webtron Dashboard.
Alternate Terms – Marketplace, Timed Marketplace, Your Marketplace, Tender Sales.
Auction Format – Category-based Catalogue-style Auction, individual Items publicly viewable before opening for Bidding during the set Item End Dates and Times (Start and End).
Additional Auction Options – Set Bidding Extension option, and Stagger End Times.
Supported Item Types – Listing, and Lot.
Visibility – Public, the Marketplace tab appears on the Current Auctions page if you have any Marketplace Items in Live status. Items sold via the Marketplace do not appear in the Past Auctions menu.
Can be hidden? – Yes, click here to open our Hiding individual or groups of Items guide.
Definition – The Marketplace is the term we use to describe the Marketplace Auction Type. The Marketplace is a permanent Auction/Storefront, most comparable in functionality to a Timed Auction, and is suited best for Individual Items that either do not fit in your Timed Auctions, or can be used for offering unsold Items (please note, this requires re-importing those Items and their Photos, Documents, and YouTube embed links).
Unit of Measure
Unit of Measure – Unit of Measure refers to the function and field value in the Webtron Auction Management Dashboard to set the Unit of Measurement for the Item on your Portal. Unit of Measure is only valid for Items using the Listing Item Type and the Tender Purchase Option, it is unsupported for all other Item Types and Purchase Options. The Tender Purchase Option is not currently supported.
User
User – User is a universal term that refers to someone appearing in the Webtron Auction Management Dashboard’s User List, we use the term User to refer to both Bidders and Client Administrator or Admin for short.
Username
Username – Username is a term that refers to a Bidder’s chosen alternate login. When Creating an Account, we ask Bidder’s to set a Username which can be used as a (in most cases) shorter Login option. The Username has to adhere to the following formatting; it must be 6-20 characters, contain no spaces, and can only contain alphanumeric characters (a-z, 0-9) as well as dots, dashes and underscores (. – _). It cannot contain the @ Symbol and cannot be their email address. Usernames are permanent and cannot be changed or edited by the Bidder or by a Client Administrator.
Value
Value – Value refers to wording used in the Webtron Auction Management Dashboard. We use Value to define a final amount and a calculated amount by a pre-defined Amount + a Tax Rate, for example, the Hammer value + the Buyer’s Premium rate = the Buyer’s Premium value.
Vendor
Vendors – Vendors is a term that refers to multiple menus and functions within the Webtron Auction Management Dashboard. Vendors is a menu that appears under Users & Groups > Vendors, with this menu allowing you to Create and Edit the Vendor Profiles you assign to your Items. Details required to complete a Vendor Profile are Full Name, Email Address, Postal or Business Address, and Contact Number. Vendor (singular) also refers to the Item column in either the Create New Items menu or Item Upload spreadsheet, under which you are required to assign a Vendor Profile to each Item created (Please Note, a Vendor Profile must be created prior to Item Creation or Upload for that Vendor to appear as an auto-fill option).
Vendor Association
Vendor Association – Vendor Association is a term that refers to both the User Details submenu and the Vendors menu’s Public Vendor Administrators function. Vendor Association is a function that allows you to partner a User/Bidder’s profile with a Vendor profile. As of January 2024, with the MySales module now considered a Discontinued feature, Vendor Association currently serves no function and can be ignored.
Webcast Auction
Context Category – Platform Terminology, Auction Setup Terminology.
Terminology Category – Auction Type.
Appears in – The Webtron Dashboard, and Vendor+.
Alternate Terms – Webcast, Live Webcast Auction, Webcast Sale, Simulcast Auction, Live Simulcast Auction, Livestream Auction.
Auction Format – Catalogue-style Pre-Bidding and Live Ring Bidding style Auction, publicly viewable and Pre-Bidding optional before set Start Date and Time, Livestream and Lot-by-Lot or Grouped Lots Bidding after set Start Date and Time.
Additional Auction Options – Toggle-able Pre-Bidding (Off by Default), and Silent Auction.
Supported Item Types – Webcast Lot only.
Visibility – Public, your Webcast Auctions will be viewable on the Current Auctions page of your Portal when both the Auction and at least one Webcast Lot are in Live status. Concluded Webcast Auctions will appear in the Past Auctions menu after you have moved the Auction from Live to Reconciliation status.
Can be hidden? – Yes, click here to open our Hiding Auctions and Items guide.
Definition – Webcast Auction, or Webcast for short, is the term for our Live Webcast Auction auction type. A Webcast Auction enables an Auctioneer to livestream to their Portal (Video and Audio, or just Audio) and auction off their Webcast Lots one at a time, or in Groups of Webcast Lots. A Webcast Auction has an optional Enable Pre-Bidding toggle but functions mainly with a defined Start Date and Time and a Livestream component. The Webcast Start Date and Time controls when the Webcast Auction will move from Live (Pre-Bidding) phase to the Live (Live Bidding) phase. The first Live phase is the Live (Pre-Bidding) phase, this phase displays the Webcast Auction in Catalogue view, like that of a Timed Auction (with the option to toggle Enable Pre-Bidding or allow viewing only). The second Live phase is the Live (Live Bidding) phase, the Webcast Auction transitions to the Live Webcast view, whereby each Webcast Lot is presented to the Bidders in the Ring one at a time or multiple Webcast Lots can be displayed as a Group, with upcoming Lots and Sold or Passed Lots displayed below the Ring in two lists, Open and Closed. The Webcast Clerk controls the Lot and Group in the Ring by setting Asking Price, the Bidding Increment, Bidding on behalf of the Floor, and accepting Commission Bids at the behest of the Auctioneer.
Webcast Clerk Controls
Manual Incr. – Manual Incr. or Manual Increments refers to a checkbox and function located just below the Increments column on the Clerking Screen. When checked/ticked, the Clerk has full control over switching between Increments. When unchecked, the Clerking Console will follow your Auto-Increments table as set on your Auctioneer Profile, with Increment changes fully automated for the Clerk. You can ask me how Auto-Increments work and how to set them, I can walk you through it if you have the relevant Client Administrator access.
Add Increment – Add Increment refers to a text box and function located just below the Increments column on the Clerking Console. Typing out a new value and hitting Enter (or Return) will add that value to your Increment list permanently. Clicking Reset at the top of the List will remove all added increments and revert the list to your Default Increments set in your Auctioneer Profile.
Hammer – Hammer refers to a text box and function located just above the Lot in Ring Controls on the Clerking Console. The Hammer field will show the Current Highest Bid amount, but you can also click into the field (or press SHIFT and H on your keyboard), type out a new value (whole numbers only, no decimals or commas) then hit Enter (or Return) to set that amount as the new Hammer value/Current Highest Bid.
Asking Price – Asking Price refers to a text box and function located just above the Lot in Ring Controls on the Clerking Console. The Asking Price field will show the Current Highest Bid + the set Increment, matching that of the value on the Bid button the Bidders see on your Portal. Same as the Hammer field, you can also click into the field (or hit SHIFT and A on your keyboard), type out a new value (whole numbers only, no decimals or commas) then hit Enter (or Return) to set that amount as the new Asking Price.
Fair Warning – Fair Warning refers to a button and function found on the Lot in Ring Controls on the Clerking Console. If an Auctioneer calls “Going Once, Going Twice, Going Third and Final Time” or some variation of a countdown, you can click Fair Warning (or press the letter W on your keyboard). Each Click deploys the first, then second, then third and final warning to all Underbidders and Viewers on the Live Auction page. The Fair Warning button will reset if another bid is entered by the Clerk or another Online Bid is received.
Undo – Undo refers to a button and function found on the Lot in Ring Controls on the Clerking Console. Once the Clerk hits Sell on a Lot, the Undo button will enable, allowing the Clerk to quickly re-open the Lot or correct a mistaken button press (Same as Undo Bid, the keyboard shortcut is the letter U).
Floor Bid (Clerk Control) – Floor Bid refers to both a button and Bid Type found on the Clerking Console. The button serves the function of converting the Current Highest Online Bid into a Floor Bid, should the Auctioneer decide to accept a Floor Bid over an Online Bid. The Bid Type is a bid placed manually by the Clerk representing a bid accepted on-location. Any bids placed by the Clerk (or a Client Administrator with the Reserve Bidder privilege) will show as Floor Bidder in the Bid History section of the Clerking Console, as well as on the Auctioneer and Room Screens.
Sell – Sell refers to a button and function found on the Lot in Ring Controls on the Clerking Console. Clicking Sell (or pressing the S key on your keyboard) will place the Item in Sold status, but will now give you the choice of proceeding to the next item by clicking Next (or pressing the S key on your keyboard again), Undo to open the Item back up to bidding (the U key), or Remove from Sale to clear the Ring.
Pass & Next – Pass & Next, or Pass and Next, refers to a button and function found on the Lot in Ring Controls on the Clerking Console. If an Item receives no bids or does not meet its Reserve, the Clerk can click Pass & Next (or press SHIFT and P on your keyboard) to place the Item in Passed status and move straight to the next Item in the Lot Order.
Re-Offer – Re-Offer refers to a button and function found on the Lot in Ring Controls on the Clerking Console. Re-Offer is one of only two buttons on the Clerking Console that requires confirmation, as Re-Offer will cancel all bids and reset the Item back to a Hammer Price of 0 and an Asking Price matching that of the Increment. Unless a catastrophic error has occurred, do not click Re-Offer unless absolutely necessary.
Undo Bid – Undo Bid refers to a button and function found on the Lot in Ring Controls on the Clerking Console. Undo Bid allows the Clerk to Cancel the Current Highest Bid, either by clicking Undo Bid or pressing the U key on your Keyboard. Undo Bid can be hit as many times as needed to Cancel several bids in rapid succession and works on both Online and Floor Bids. If hit by mistake, click Reinstate in the Bid History to redo the Cancelled Bid.
Remove from Sale – Remove from Sale refers to a button and function found on the Lot in Ring Controls on the Clerking Console. Clicking Remove from Sale (or pushing SHIFT and M on your keyboard) will pull the Current Lot out of the Ring and enable the Send button on all Lots remaining under the Lot Listing tab. If you meant to ask for information on how to Delete an Item, please ask How do I delete an Item.
Pause Bidding – Pause Bidding refers to a button and function located on the bottom-left of the Clerking Console. Clicking Pause Bidding (or pressing the P key on your keyboard) will simply freeze the Bid button for Online Bidders, the pause button will now say Resume Bidding and you can click it to open it back up (or press the P key again). Pause Bidding is useful for if you need to set up an Item, such as changing the Asking Price or Increment, without any Online Bids interrupting the changeover.
Webcast Clerk Settings
Webcast Clerk Settings – Webcast Clerk Settings is a term that refers to the Settings panel located at the top-right of the Clerking Console. This panel allows the Clerk to Start the Auction early (roll the Auction from Pre-Bidding to Live Phase on the Portal), Pause the Auction, Configure and Publish a Live Feed, open the Auctioneer and Room Screens and find the Clerking Keyboard Shortcuts list.
Webcast Lot
Context Category – Platform Terminology, Auction Setup Terminology, Item Setup Terminology.
Terminology Category – Item Type.
Appears in – The Webtron Dashboard, and Vendor+.
Alternate Terms – Lot, Live Bidding Lot, Group Lot.
Supported Auction Types – Webcast Auctions.
Supported Purchase Options – None.
Supported Bidding Options – The Webcast Lot Item Type supports full Standard Bidding. Webcast Lots also offer a unique Bidding Option; Commission Bids. Commission Bids mimic Auto Bids but aren’t auto-applied on the Increment when outbid, Commission Bids are placed manually by the Webcast Clerk on behalf of the Bidder.
Definition – Webcast Lot is an Item Type supported by Webcast Auctions only. A Webcast Lot is used to denote that this Item is to be included in a Live Webcast Auction, and support Standard Bidding; Bids on the Increment, Auto Bids (Pre-Bidding phase) and Commission Bids (Live Bidding phase). Webcast Lots only support Purchase Option – None. Webcast Lots can only be used in Webcast Auctions.
Whitelist
Whitelist – Whitelist is a term/classification that appears on both the Users & Groups > Users menu, the Registrants menu and the Bidder Details > Edit menu. Whitelist is used to mark a Bidder’s account for automatic Registration Approval if your Portal has Auto Approve All Registrants disabled or if you are enrolled in the Webtron Verification beta. Click the + symbol under the Whitelist column in either the Users list or Registrants list then provide an Audit Message and click OK to confirm that Bidder’s Whitelist status. Whitelisted Bidders are marked with a yellow Star symbol on the Users list and Registrants list.
Xg Rates
Xg Rates – Xg Rates or Exchange Rates is a tem that refers to the Xg Rates panel located at the top-right of the Clerking Console. This panel allows the Clerk to display multiple Currencies and set the Current Exchange Rate for those Currencies so that the Portal correctly translates the set Currency for the Current Lot in the Ring. This feature is currently unsupported.