Every odd day of the month at noon, SDRE will place a product at the auction without reserve zone (except the 31st day of every month and 29th Feb) and accept members to place their first-round bid. We will also announce the result of the last auction. Every even day of the month at noon, SDRE will close the auction for the first-round bid and second-round bid will commence for the 10 highest bidders of the first round.
Detailed bidding terms
First-round sealed bidding (Every odd day of the month):
Member | Rank | Bid | Right to enter the second-round sealed bid |
A | 1 | $3,000 | Success |
B | 1 | $3,000 | Success |
C | 2 | $2,800 | Success |
D | 3 | $2,750 | Success |
E | 4 | $2,623 | Success |
F | 5 | $2,500 | Success |
G | 6 | $2,450 | Success |
H | 6 | $2,450 | Success |
I | 7 | $2,200 | Success |
J | 8 | $2,000 | Success |
K | 9 | $1,800 | Fail |
L | 10 | $1,799 | Fail |
Member | Rank | Bid | Right to enter the second-round sealed bid |
A | 1 | $3,000 | Success |
B | 1 | $2,900 | Success |
C | 2 | $2,800 | Success |
D | 3 | $2,750 | Success |
E | 4 | $2,623 | Success |
F | 5 | $2,500 | Success |
G | 6 | $2,450 | Success |
H | 6 | $2,450 | Success |
I | 7 | $2,450 | Success |
J | 8 | $2,000 | Success |
K | 9 | $2,000 | Success |
L | 10 | $1,800 | Fail |
M | 10 | $1,799 | Fail |
Second-round sealed bidding (Every even day of the month):
To whom who has the highest rank at the first round wins;
If the ranks of the first round are the same, then to whom has the highest membership tier wins;
If the membership tiers are the same, then to whom has the highest consumption amount at the current SDRE season period wins;
If the consumption amounts at the current SDRE season period are the same, then to whom who registered to be SDRE’s member first wins.