Welcome to The Useful Auctions
Our international site is accessible to Users from most European countries (the United Kingdom, France, Germany, Italy, Hungary, Poland, the Czech Republic, Slovakia, Spain, Portugal, and Turkey). Wellbid websites are also available to the residents of Asia (China and Singapore), the Americas (the USA, Argentina, and Brazil), and Australia. Our goal is to offer our Users the most interesting forms of competition for the auctioned items as well as to provide the most attractively priced merchandise and services.
The idea behind The Useful Auction was born from the observation of regular auction sites on the web. By and large, these have departed quite far from the classic auction model, as known and practiced for hundreds of years—for instance, by auction houses specializing in artwork sales. Traditionally, an item is listed with a specific starting price and the participants present in the auction hall offer increasingly higher bids. When no more bids are made, the auctioneer strikes the gavel and the item is sold for the highest offered price. The Useful Auction strove to create a website that returns to the classic auction format. The auction hall was moved into virtual space, removing the need for the participants to be physically present. The gavel strike was replaced with a clock counting down the time for bids to be placed before the Auction ends (60, 30, 15, 10, or 5 seconds, depending on the current price). Since every new offer costs a symbolic amount, it is not enough just to bid—you have to bid well.
With bid packages available in several denominations, and the ‘Buy It Now’ option for the collector who cannot simply wait for their item. You will find all you need here with us.
Bidders can search and buy from over 100,000 auctions annually. With significant investment in our technology and marketing services to the $40 billion live auctions market, The Useful Auction provides auctioneers with marketing and e-commerce solutions including auction listings, online bidding, websites, and auction management software.