E-Auctions - Frequently Asked Questions

In order to participate in the e-auctions, and if you already have an account and have already made purchases from our e-shops, then you are already registered with our website but If you do not have an account, you will need to create it by following this link: https://www.theheritagelive.com/create-account. After that open any item in auctions and click on the Bid button, it will prompt a form in front of you. You have to enter details (Name and Phone number) of any two persons known to us. You will then need to wait for us to validate your account (expect to wait for a maximum period of 48 hours so do not wait for the last days of an e-auction sale before registering).

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An incremental step is the amount added to a bid each time a participant bids for an item in order to set a new minimum price. It is calculated on the basis of the current price for the item using the following system:

From	To	Incremental Step
1 INR	99 INR	20 INR
100 INR	999 INR	50 INR
1000 INR	2999 INR	100 INR
3000 INR	9999 INR	200 INR
10,000 INR	49,999 INR	500 INR
50,000 INR	99,999 INR	1000 INR
1,00,000 INR	1,90,000 INR	5000 INR
2,00,000 INR	4,99,000 INR	10,000 INR

In order to be successful, your maximum bid only has to be one Rupee higher than the maximum offer of the participant who has made the next highest bid. The incremental step is therefore not systematically fully-added to the next highest bid when the two participants concerned use the maximum bid process.