A "lot" goes up to bid. Anyone interested may click the bid button. The bidding continues until it comes to a slow. The auctioneer (seen at left) will give the lot two chances before he closes the lot. (ie. going once... going twice... sold to -----) Most auctions also have a fair you can TRY to join. Once the regularly scheduled items start to finish the fair spots open. With sometimes 200+ people at an auction its hard to get a spot. You have to be quick! (Oh but you can pay the 50 cents to get a guaranteed spot in the fair... a rip off in my opinion.) TH invoices you for 10% (min. $1) of each thing you sell, so you better cross your fingers it sells for more than a buck! (You can't list your item with out first checking the I agree box)
Oh and you have to try and schedule your spot. And if there isn't any open in the next week it won't let you schedule it. Don't get me wrong I love the idea, and its quite fun. But there are certainly a few things that need to be worked out first! Feel free to check it out for yourselves and let me know what you think!