Whilst we develop this website it will give new users a chance to watch how the website features grow. There will be tests and changes as we progress so those following it will get a better understanding of what is on offer and how it can help collectors new and old.
In our blog, we will highlight important features added and eventually, we will create online tutorials to help further those who aren’t so familiar with online bidding. We aim to make the buying process simple and easy to understand.
This is a powerful website and will have many features that will be added, most additions unfortunately require more work than most websites do as a whole, and that is why this website will take a few months to develop properly.
Jan 2024 Update:
Having held two auctions on this website we soon came to recognise the limitations of the website using memberships together with our bidding system. It was a really important exercise and as I have said before we didn’t want to build this website to be reliant on 3rd party technology as these corporations would have access to our content and our customer’s data.
Our biggest obstacle was the number of calls an auction system makes to the server every second multiplied by the number of visitors watching every single live page. In our last auction, the server had to deal with up to 360,000 calls a second so as you can imagine the busier this website gets the higher number of calls would have caused a server failure.
This has resulted in a two-year redevelopment process working with multiple types of code to overcome the potential problems the old system had.
We have also addressed the membership aspect which was also limited by its design. The reason membership was an important feature was to allow us to help regular buyers reduce buyers premium costs by choice of membership chosen by the buyer. However, we have introduced a better way to do this which rewards customers through historic purchases. We can now recognise when rewards are due and apply reduced rates of buyer’s premiums to those we define.
Example of this:
New customers with no purchase history would have the highest buyer’s premium whilst those with completed purchases would be charged a lower rate.
Anyone with a long purchase history will be rewarded in steps according to spending total, whilst this can be turbo-charged by users who have made higher valued purchases.
We aim to reduce Buyer’s premium rates to 12% including VAT on timed auctions.