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Advanced Auction Attributes

Advanced Auction Attributes allows users to specify an auction further than what is allowed by the default auction attributes. This article describes the process for enabling Advanced Auction Attributes and defines each attribute.

Update Company Preferences

Auction Settings

Advanced Attributes

 

Update Company Preferences                                                                 

Company Preferences must be updated prior to using Advanced Auction Attributes.

  1. From the Dashboard, navigate to My Links > Company > Profile.
  2. Click on the Preferences tab.
  3. Click on the New Auction Default menu on the left side of the page.
  4. Check the Show Advanced Auction Attribute Tab box.                   AdvAuctionAttributes.PNG
  5. Click the Disk icon in the top right corner of the page to Save.

 

Auction Settings                                                                                     

Once Company Preferences have been set, the following changes occur on the Edit Auction Settings page for all auctions:

  • Under the Auction Attributes tab, the Lot Attributes column to the right will disappear (moved to the Adv. Attribute Settings tab).
  • The Adv. Attribute Settings tab will appear.
  • New Lot Attributes will become available.

Before turning on Adv. Auction Attributes:

AdvAuctionAttributes3.JPG

 

After turning on Adv. Auction Attributes:

AdvAuctionAttributes2.JPG

 

Advanced Attributes                                                                                

This is the full listing of Advanced Auction Attributes. They will apply to any lots created via Lot Builder. The attributes that will be visible may vary depending on the Auction Software selected.

  • Assign seller(s) to lots?: Enables the option to add seller/consignor codes to lots. To add the same seller code to every lot, enter the seller code into the Seller field. To enter different seller codes, leave the Seller field blank on the Auction Settings page, and then manually enter the seller code in the Seller field under the Lot Details tab in Lot Builder. For more information, see Seller Inventory.
  • Include option to list quantity per lot?: Enables the option to set more than one item per lot. If it is not enabled, Wavebid will assume every lot is only one item.
  • List item locations per lot?: Enables the option to set a location for lots that differ from the main auction location. To add the same location to every lot, enter it into the Location field. To enter different location, leave the Location field blank on the Auction Settings page, and then manually enter the location in the Location field under the Lot Details tab in Lot Builder.
  • Show shipping calculator?: This calculator feature has been discontinued. However, this option will need to be enabled in order to have a buyer's shipping address appear on their invoice. For more information, see Invoice Shipping Address. The option can also be used to track shipping status. To select a shipping status for every lot, check the box to the left of Shipping Status and then select a status from the drop-down. To select a different shipping status for various lots, check the box to the left of Shipping Status, but leave the drop-down blank. Enabling this option will add a Shipping Status drop-down field to the Lot Details tab in Lot Builder.
  • Default starting bid?: Enables the option to add a starting bid amount to lots. To add the same starting bid to every lot, enter the amount into the Starting Bid field. This will only impact lots created after the default starting bid is saved. Lots created before the default starting bid was saved will need to be updated manually using Lot Builder, or in bulk using Lot Bulk Actions. To enter different starting bids, leave the Starting Bid field blank on the Auction Settings page, and then manually enter the amounts in the Starting Bid field under the Lot Details tab in Lot Builder.
  • Any reserve prices?: Enables the option to add a reserve price to lots. To add the same reserve price to every lot, enter the amount into the Reserve field. This will only impact lots created after the default reserve is saved. Lots created before the default reserve was saved will need to be updated manually using Lot Builder, or in bulk using Lot Bulk Actions. To enter different reserves, leave the Reserve field blank on the Auction Settings page, and then manually enter the amounts in the Reserve field under the Lot Details tab in Lot Builder.
  • Different tax rates per lot?: Enables the option to apply a different tax code to a single lot, overriding the tax code being applied to the entire auction. Enabling the Tax Code option will add a Tax Code field under the Lot Details tab in Lot Builder. Enabling the Tax Exempt option will add a Tax Exempt checkbox under the Lot Details tab in Lot Builder. For more information, see Applying Tax Codes. Tax codes will need to be created before they can be applied.
  • Default Bid Increment?Bids for lots will increment with this amount. Information entered in this field will only export to companies using LiveAuctioneers. Companies using other bidding platforms may need to contact their Account Representative to alter bid increments.
  • Select Closing Speed: Use the drop-down to select how many lots will close in a given time interval. This option is only available for Invaluable/AuctionZip and BidWrangler.
  • Show Lot Rank?: Enables the option to categorize lots by rankings. To select the same ranking for every lot, select a Rank from the drop-down menu. This will only impact lots created after the default rank is saved. Lots created before the default rank was saved will need to be updated manually using Lot Builder, or in bulk using Lot Bulk Actions. To enter different ranks, leave the Rank drop-down blank on the Auction Settings page, and then manually enter the amounts in the Rank field under the Lot Details tab in Lot Builder.
  • Show Clerking Attributes?: Enables the option to set specifics about how an item is to be clerked ahead of time. Enabling this option will also make it so that clerking information like winning bidder and sale price can be viewed in the Auction Preview. When this option is enabled, the following fields become available under the Lot Details tab in Lot Builder
    • Selling Price
    • Bidder Number
    • Number of Bids
    • Sale Group Type
    • Quantity Purchased
    • Lot Group
    • Online
    • Cost
    • Clerk Sheet #
  • Turn on High Low Estimates?: Enables the option to add high and low estimates to lots. To add the same estimates to every lot, enter the amount into the High Estimate and Low Estimate fields. This will only impact lots created after the default estimates are saved. Lots created before the default estimates were saved will need to be updated manually using Lot Builder, or in bulk using Lot Bulk Actions. To enter different estimates for various lots, leave the estimate fields blank on the Auction Settings page, and then manually enter the estimates in the High Estimate and Low Estimate fields under the Lot Details tab in Lot Builder.
  • Allow Buy It Now price?: Enables the option to add a Buy It Now price to lots. To add the same Buy It Now price to every lot, enter the amount into the Buy It Now Price field. This will only impact lots created after the default price is saved. Lots created before the default price is saved will need to be updated manually using Lot Builder, or in bulk using Lot Bulk Actions. To enter different Buy It Now prices for various lots, leave the Buy It Now Price field blank on the Auction Settings page, and then manually enter the price in the Buy It Now Price field under the Lot Details tab in Lot Builder.
  • Show appraisal values: Enables the option to add appraisal values to lots. Enabling this option will add a Value 1, Value 2, and Value 3 field under the Lot Details tab in Lot Builder.
  • Publish to external software: This option only applied to BidWrangler and has been discontinued.
  • Show Company Defined Values: Show the list of custom fields created by a company. This setting will need to be enabled to Create Custom Lot Builder Fields. To add the same sales person to every lot, enter the name into the Sales Person field. This will only impact lots created after the default price is saved. Lots created before the default price is saved will need to be updated manually using Lot Builder, or in bulk using Lot Bulk Actions. To enter a different sales person for various lots, leave the Sales Person field blank on the Auction Settings page, and then manually enter the name in the Sales Person field under the Lot Details tab in Lot Builder. Enabling this option will also add Requires Approval checkbox under the Lot Details tab in Lot Builder, along with whatever custom fields were created. 
  • Show Advanced Cataloging Values: Enables the entry of additional information regarding the lot. When this option is enabled, the following fields become available under the Lot Details tab in Lot Builder
    • Manufacturer
    • Model
    • Serial
    • Asset Tag
    • Received On
    • Breakout
  • Other Catalog Values: Set additional fields for the lot and keep them separate from other cataloging values. This option is specific to Invaluable/AuctionZip. Enabling this option will add  Unit Number and Day Of Auction fields to the Lot Details tab in Lot Builder, as well as an Obfuscate Serial checkbox.
  • Auto Export Auction: This option is specific to the Proxibid integration.
  • Additional fields may appear that are specific to Invaluable/AuctionZip and LiveAuctioneers. Please see those articles for additional information.

 

 

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