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How do I buy from the LePrix Wholesale Auctions?
Enjoy our Auction tutorial below! For more information on bidding, maximum bids, and more please contact your account manager or customer service for...
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When can I bid in the LePrix Wholesale Auctions?
We’re proud to partner with a couple of amazing auction houses that run their auctions on different schedules. Our auctions are open daily with about...
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What is a Maximum Bid?
The maximum bid is your best and final offer price. This is the maximum amount you are willing to pay for an item. If you are based in the U.S., your...
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How do I know if my Maximum Bid is a good bid?
Two things you might want to consider: Say you need to make a 40% profit margin on a handbag you would sell in your store for $1,000, then submit a m...
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What is a Minimum Bid?
The lowest bid you may submit to participate in the auction of an item. Keep in mind the minimum bid is not the reserve price and is not recommended t...
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What are Reserve Prices?
Reserve prices are the minimum amount that the auction house is willing to sell an item for. If the reserve price is not met, the item will not sell e...
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Can I adjust a bid?
You may edit your bids as many times as you please prior to the close of the auction. To edit a maximum bid, return to the product page or access acti...
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How is the winner determined?
The bidder with the highest maximum bid at the close of the auction will win the item so long as their bid exceeds the reserve price. If other bidders...
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How will I know if I won?
Auction results are sent via email within 2-5 business days* after the close of an auction *subject to change without notice
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When do I pay for my items?
Invoices are emailed when items are inspected and prepared for shipment. Payment is required for shipping. In the case that a payment is not remitted...
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How long does it take to receive my purchase?
For weekend auctions, items are invoiced and ship 5-10 business days from the close of the auction. For biweekly auctions, items are invoiced and shi...
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How can I find the Auction items I hearted?
Go to Profile. Click on Bids. Please note there are two wishlists - one for Stock and one for Auction. Once you are on the Bids page, click on...
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I still have questions.
Please reach out to your sales representative for any questions not answered in this FAQ.
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