MINIMUM BID INCREASE: Any lot from $1-$499 will have a fifteen percent (15%) minimum increase, in whole dollar amounts. Any lot upwards of $500 will have a 10 percent (10%) minimum increase, in whole dollar amounts. There will be no exceptions.
BUYER'S PREMIUM: Unlike many other auction platforms, Frameworth does not charge a buyer’s premium! What you see is what you get.
LOTS WITH RESERVE: The majority of lots will not have a reserve. If a reserve is listed, it is a fair and realistic price. Frameworth has the right to remove the reserve at any time if bidding gets close. If a bid is placed below the reserve and the reserve is lifted, the high bidder will be awarded the item.
AUCTION CLOSING (10-MINUTE RULE): Starting at 10:00 PM EST on the last day, if a bid is placed on any auction item, the entire auction will stay open for another 10 minutes. This process repeats until no bids are placed on any item within a 10-minute span, at which point the entire auction closes. To bid on a lot after 10:00 PM EST, you must have placed a bid on that specific lot prior to 10:00 PM EST. If you are the only bidder on a lot at 10:00 PM, you will be declared the winner and that lot closes; only lots with multiple bids enter extended bidding. No retractions of bids are permitted.