Question: Is Live Auction Back In Kenya?

What is live auction Kenya?

Live Auction is a peer to peer auction service where investors buy shares and earn interest.

The interest rates are 30% in 4 days or 60% in 8 days or 95% in 12 days.

Meanwhile, you get a 5% continuous referral bonus for every person you refer to the platform..

Has live auction Kenya collapsed?

The company which seemingly is from South Africa promised 30 percent returns in just four days, 60 percent returns in eight days and 95 percent profits in just 12 days. This scheme collapsed a few weeks ago leaving Kenyans counting losses.

When did live auction start?

2002In 2002, the NYC-based company formed a marketing partnership with eBay to introduce eBay Live Auctions.

What are typical auction fees?

For instance, an auctioneer could charge a seller 15% of the gross proceeds, and also a 12% buyer’s premium. For an auction totaling $20,000 in bid prices, the auctioneer would earn $3,000 in seller commission, and $2,400 in buyer commission, for a total of $5,400 (or about 27% of the auction total.)

How long does a live auction take?

Factor 1: Time A typical live auction item takes between 3-5 minutes to sell (sometime more, sometimes less). So do the math: Divide that amount of time you want to devote to the live auction by 3.5, for three and a half minutes.

What is the difference between a live and silent auction?

Live auctions require an auctioneer who will engage attendees and encourage guests to call out bids. Silent auctions, on the other hand, are more passive; attendees write their bids on pieces of paper or do the bidding electronically. During the action, attendees continually check to see if they’ve been outbid.

What are the rules of an auction?

Generally, an auction is complete when the bid is accepted. A binding contract is created by the auction. The seller can also set a reserve price in advance. If the final bid does not reach the reserve price, the property remains unsold.

Is live auction legit in Kenya?

Live Auction is legit. It is a peer to peer selling point which exclusively handles the data of shares ownership while payments between peers are made through MPesa or bank payments and payments confirmed on the system to ensure conformity.

What is live auction?

A non-profit live auction is a fundraising method where bidders gather in a chosen location to bid for the various items available on sale. Unlike silent auctions, live auctions involve announcing the highest bid by an auctioneer.

What happens if you back out of an auction?

In the end, it is up to the Organization running the auction to decide whether to honor the request. If the winning bidder would like to back out after the close of the auction, you can offer the item to the next highest bidder, or close the item as Not Sold.

What sells well at auction?

Small collectibles have big value That includes dishes and jewelry. Even costume jewelry does very well at auction and estate sales. Here are some other examples of items that move at a sale of estate property. Collectibles, such as stamps and coins, are making a comeback because of their rarity.