LuxAuc Whisky Auction utilizes the "Vickrey Auction" mechanism (also known as a second-price sealed-bid auction) to ensure a fair, transparent, and efficient bidding environment.

This guide explains the logic behind our platform：

1. What is a Vickrey Auction?
In a Vickrey Auction, the bidding process follows three core principles designed to protect the buyer:

- Sealed-Bid Auction: Bidders submit their maximum bid via the system. All bids remain confidential and are not disclosed to other participants.

- Winning Rule: The highest bidder wins the item.

- Payment Rule: The winner pays the "second-highest bid" (the next highest price) rather than their own original bid.

【Bidding Case Study】

- Bidder A: Submitted a bid of HK$ 3,800 (Unsuccessful).

- Bidder B: Submitted a bid of HK$ 4,500 (Unsuccessful, second-highest bid).

- Bidder C: Submitted the highest bid of HK$ 5,000 (Winning Bid).

Winner and Final Payment: 【 Bidder C. Payment Amount: HK$ 4,500 】
Reason: According to the rules, Bidder C only pays the second-highest price in the auction (Bidder B's bid). The final total consists of HK$ 4,500 + a 12% buyer’s premium.

2. Closing Time & Anti-Sniping Extension

- Standard Closing: 8:00 PM (HKT).

- Auto-Extension: If a bid is placed within the last 5 minutes (after 7:55 PM), the auction for that specific lot will automatically extend by an additional 5 minutes.

- Finalization: The auction concludes only when no further bids are placed within the final 5-minute window.

Please click "Register Now" to become a member!

LuxAuc Whisky Auction provides a transparent, professional, and efficient platform for global sellers.

Whether you own rare vintages, whisky miniatures, or limited editions, LuxAuc offers expert Free Valuation services to ensure your collection achieves its maximum potential in the global whisky auction market.

1. Register as a LuxAuc Member: Start Your Whisky Auction Journey
At LuxAuc, a single membership grants you both buyer and seller privileges, allowing you to participate in global spirits auctions seamlessly.

- Registration Fee: HK$50 (One-time lifetime membership).
- Key Features: Once registered, you can submit items for whisky auction or place bids on world-class collections.
- Account Setup: Navigate to "My Account > Seller Bank Details" to complete your profile, ensuring smooth payouts after a successful whisky auction sale.

2. LuxAuc Whisky Auction Fees: Seller Commission & Structure
Understanding the fee structure is essential for a successful sale.
Below is the standard fee schedule for LuxAuc Whisky Auctions:

2.1 Seller's Fee
- Membership Fee: HK$50
- Listing Fee: HK$50 / per lot
- Selling Commission: 3% of Hammer Price
- Reserve Fee: HK$150 (Only for unsold items with a reserve)

3. Simple 3-Step Process: Selling via LuxAuc Whisky Auction
We have streamlined the consignment process to bring your bottles to the whisky auction market faster.

3.1 Online Submission & Reserve Price
- Digital Application: Log in and go to "My Account > Submit List" to upload descriptions and high-quality photos of your whisky auction items.

- Setting a Reserve: Sellers may suggest a reserve price (minimum HK$1,000). The LuxAuc specialist team will conduct a final review to ensure market accuracy.

3.2 Payment & Disbursement
- Payment Timeline: Following a successful whisky auction, payouts are issued within 3-6 weeks via cheque or bank transfer.

- Additional Costs: Shipping costs and international bank transfer fees are borne by the seller and will be deducted from the final payout.

3.3 Unsold Lots & Storage Policy
- Unsold Fee: If an item with a reserve price remains unsold, a fee of HK$200 applies (includes $50 listing fee + $150 reserve fee).

- Complimentary Storage: LuxAuc provides 6 months of free storage. After this period, a monthly fee of 2% of the reserve price will be charged.

4. Item Consignment: LuxAuc Hong Kong & Taiwan Drop-off Points
Whether submitting or collecting whisky auction items, sellers must book an appointment in advance.

4.1 Hong Kong Office
Address: Room 602, Hing Lung Commercial Building, 68–74 Bonham Strand, Sheung Wan
Hours: Mon, Thu (11:00 – 19:00) / Sat (11:00 – 17:00)
Booking: WhatsApp +852 9740 1416

4.2 Taiwan Office
Address: Room 127, B1, No. 87, Sichuan Road, Xitun District, Taichung City
Hours: Tue, Sat (11:00 – 18:00)
Booking: LINE ID: luxauchk / Tel +886 975373038

5. Why Choose LuxAuc for Whisky Auctions?
Compared to international auction houses like Sotheby's or Bonhams, LuxAuc offers more flexible consignment terms and a significantly lower seller commission (3%). We are your premier choice for selling fine spirits in the Asian market.

Please click "Register Now" to become a member!

If you are new to the LuxAuc Whisky Auction platform, this guide will help you master the whisky bidding process. From account registration and our automated proxy bidding system to global shipping arrangements, we make it easy to secure rare spirits at LuxAuc auctions.

1. Register a LuxAuc Account: Unlock Bidding Access
At LuxAuc, a single account provides both "Buyer" and "Seller" functionalities with an intuitive interface.

- Registration Fee: HK$50 (One-time lifetime membership).
- Fair Play Policy: To maintain the integrity of our whisky auctions, sellers are strictly prohibited from bidding on their own listings.
- Features: Once registered, you can track live whisky bidding statuses and participate in global auctions in real-time.

2. LuxAuc Fee Structure for Buyers & Sellers
Before participating in a LuxAuc auction, please review our fee structure (Transaction fees for Credit Cards/PayPal are borne by the user):

LuxAuc Auction: Fee Structure & Payment Policy (HKD)

2.1. For Buyers
- Membership Fee: $50 (One-time)
- Buyer’s Premium: 12% of Hammer Price
- Shipping & Duties: Fully covered by the buyer (including import taxes)
- Accepted Payments: Bank Transfer, Credit Card, PayPal

2.2. For Sellers
- Membership Fee: $50 (One-time)
- Seller’s Commission: 3% of Hammer Price
- Shipping & Duties: Logistics costs and applicable export duties paid by seller
- Payout Methods: Bank Transfer, Cheque

3. Buyer Essentials: Automated Bidding & Increment Rules
LuxAuc utilizes an advanced Proxy Bidding System to ensure you remain competitive at the best possible price.

3.1 The 3-Step Bidding Process
Select Your Lot: Browse "Live Auctions" and add items to your Watchlist by clicking the heart icon.
Set Your Budget: Enter your "Maximum Bid."
Automated Bidding: The system will automatically place bids on your behalf using the minimum increment necessary to maintain your lead, up to your specified maximum.

3.2 Bid Increment Table
All bids placed during a whisky auction are legally binding and cannot be retracted.

LuxAuc Whisky Auction: Minimum Bid Increments (HKD)

$0 – $499: $10 increment
$500 – $999: $50 increment
$1,000 – $4,999: $100 increment
$5,000 – $9,999: $250 increment
$10,000 – $19,999: $500 increment
$20,000 and above: $1,000 increment

4. Payment, Free Storage & Global Logistics
LuxAuc offers flexible post-auction services, allowing international buyers to manage their collections efficiently.
4.1 Payment Deadline
Payments must be completed within 7 days of the auction closing via "My Account > Shopping Cart."

4.2 Complimentary Storage (6 Months Free)
Consolidated Shipping: Buyers can consolidate multiple wins from different auctions into a single shipment to reduce international freight costs.
Free Period: We provide 6 months of complimentary climate-controlled storage.
Overdue Fee: After 6 months, a storage fee of 2% of the hammer price applies monthly.

4.3 Shipping & Collection
Worldwide Shipping: Orders are typically dispatched within 1-14 business days after payment confirmation.
Local Pickup: You may choose to collect your items from our Hong Kong or Taiwan offices.

5. LuxAuc Collection Points & Appointment Guide
For local pickups, please book an appointment at least 24 hours in advance.

5.1. LuxAuc Hong Kong Office
Address: Room 602, Hing Lung Commercial Building, 68–74 Bonham Strand, Sheung Wan
Hours: Mon, Thu (11:00 – 19:00) / Sat (11:00 – 17:00)
Contact: WhatsApp +852 9740 1416

5.2. LuxAuc Taiwan Office
Address: Room 127, B1, No. 87, Sichuan Road, Xitun District, Taichung City
Hours: Tue, Sat (11:00 – 18:00)
Contact: LINE ID: luxauchk / Tel +886 975373038

Please click "Current Auction" in the top menu to start bidding, or return to the homepage and click "Register Now" to become a member!