Find answers to common questions about Prime Trade Auctions
Registering is quick and easy.
To register, you'll need:
Note: KYC is mandatory to bid or list on the platform.
Here's how our auctions work:
Here are a few key terms:
Reserve Price
Minimum price set by the seller
EMD (Earnest Money Deposit)
A refundable deposit required to bid in some auctions
Lot
A single auction item or a group of items sold together
Buyer's Premium
A small fee charged to the winning bidder, usually a % of the final price
A full glossary is available in T&C under definition section.
Can I cancel my bid after placing it?
❌No. All bids are legally binding. Please bid only if you are serious.
Is there a fee to register?
✅Yes, there is a subscription fee of ₹10,000 for buyers. However, there is no registration fee for sellers. Participants will have to pay an EMD amount to participate in a particular auction (EMD for every auction would vary).
Can I visit the items before bidding?
✅Yes. We clearly mention inspection dates and locations for each auction. Physical inspection is encouraged wherever applicable.
How do I know if I've won an auction?
🏆Winners receive automated emails and dashboard alerts once the auction closes.
I'm a seller. How can I list my items?
You can contact us at admin@primetradeauctions.com. Our category manager will reach out for onboarding.