Overview

To handle variable supply and condition, the collective launched timed auctions with starting bids based on grade (A/B/C), battery health, and accessories.

Key Moves

  • Auction platform with proxy bidding; KYC for bidders; deposit to reduce no‑shows.
  • Standardized grading + photos; warranty options for Grade A.
  • Payments via wallets/cards; pickup or courier with insurance.

Outcomes

  • Faster clearance, better price discovery than fixed‑price listings.
  • Reduced disputes through transparent grading and warranties.

Lessons (Unit 7 lens)

  • Auctions fit uncertain value/supply; success hinges on trustable inspection data.
  • Deposits and KYC reduce platform friction and post‑auction failures.

Chapters covered

  • Online auctions and platform design (7.2)
  • Portals and marketplace dynamics (7.3)