Top 13 Online Auctions in Singapore
There are many different kinds of auctions that are held in Singapore and below are just some I thought I would want to spell it out for the rest.No. 1 The Straits Time
If you looked at the classified ads of the newspaper, from time to time there are auctions being held by pawn shops selling gold, jewelry etc. That will be a good place if you are looking for cheap jewelry or watches. Also, when some big companies are shifting their location, they might want to dispose the office stationary, so that might be a good place to look for office stuff if you needed.
No. 2 Bid for Wine
Bid for Wine is an online auction site that specialise in selling wines and other alcoholic drinks. The items that are being sold are not only restricted to sellers in Singapore, but overseas as well.
No. 3 Ad Pasar
Ad Pasar is a Singapore's online shopping site offering garage sales, second hand items and also new products. It is 100% free to add in new listing for sale. They have more than 50,000 products being sold online at the present moment.
No. 4 American Embassy Singapore
The American Embassy Singapore do sell items like household or office furniture, applicances, computer equipment using bid auction system. Successful bidders have to pay full in cash before collection. However, the embassy does have the rights to reject any bid if it does not commensurate with the value of the item.
No. 5 DTZ Property Auction
They have a dedicated auction team in Singapore to auctions all kinds of residential, office and retail properties such as shops, houses, hotels, boarding houses, industrial buildings and development sites as well. Currently, DTZ are holding monthly auctions.
No. 6 Penny Auction
This online auction is the one of the kind auction that when everytime someone makes a bid on a particular item, the countdown timer reset and start counting down again, which is usually set at two minutes. When the countdown timer reaches zero and you are the last bidder, that means that you have won the bid.
No. 7 Qoo10
One of the largest online selling market by Korean G-market. They do have their own auctions that sell items from their listings.
No. 8 Mavin International
If you are a devoted collector for coins, postcards and bank notes, Mavin International is definitely the right place for you. They are also the official auctioneer for Monetary Authority of Singapore.
No. 9 Larasati Singapore
Selling famous paints through auction system. Good for collects as well. Prior to the auction, you can view the paintings that Larasati Singapore going to auction the upcoming auction.
No. 10 Borobudur Auction
Borobudur's mainstream of auction items includes asian contemporary and modern art, fine jewellery and wine. They are also having auction in countries like jakarta, netherlands, taiwan, china.
No. 11 eBid
eBid might be the largest online auction available in Singapore, selling more than two millions products in more than 13,000 catagories.
No. 12 Expat Auctions
Expat Auctions is a "live" auction house selling quality recycled, used home furnishings on behalf of the owners. There are night auctions on every wednesday and also weekly saturday auctions. The main furnishings available come from expat that are leaving singapore or downsizing their homes.
No. 13 Biddora Singapore
Biddora use tokens which you can purchase via their website using either Paypal, MasterCard or Visa. The price for tokens are slightly lesser than $1.00 per token and if you bulk purchase the tokens, you are getting a cheaper rates for the tokens.
All the auctioned items starts off with a zero dollar price tag and if you are interested in the item, you can just place a bid with a certain amount of token(s). Each of the bid will increase the auction price by a fixed amount and increase the countdown timer from 15-20 seconds (varies on item). Once the countdown timer reaches zero (no more new bids), the last bidder wins and can purchase the product at the auction end price.
Pros
There is only limited items in the auction inventory which means it saves you trouble to compare between similar items in the site (like eBay) before putting down a bid.
Cons
First you would have to pay immediately to purchase the tokens for the bidding. That means that if you did not win the items you would like to bid on, your money would not be refundable. Secondly, you will again have to pay for the end price that are displayed at the end of the auction, as well as the shipment charges.
Updated on 6th Jan 2015.
