About 'Stop The Drop' Auctions

The Stop The Drop Silver Star Auction offers an auction house type service where the goods are taken in, photographed, described, priced, uploaded, invoiced and posted all for an inclusive 16% commission. Stop The Drop has a no sale no fee policy (see setting start and lowest prices) and does not charge a BUYERS PREMIUM. Payments for goods are held in a clients account until the goods have been received and approved.

The Stop The Drop Silver Star Auction has two phases, "Up Phase" first 48 hours and "Drop Phase" last 1Hour 45 minutes(7x15 minute drops). NB Timings may vary and sometimes the "Drop Phase" excluded in which case all lots will remain in the "Up Phase" and start at the lowest price. All lots will start and finish at the same time ..The Starting times and time remaining in both phases will be clearly indicated by the time remaining countdown clock on each lot.

All lots have a starting price and a lowest price. The starting price can be bid up in the "Up Phase" and in the event of bidding the Lot will be sold to the highest bidder after 48 hours.

Setting Start and Lowest Prices

The Start Price, Lowest Price and Drop Price for each Lot will be agreed between Stop The Drop and the Vendor and the No Sale No Fee Policy will apply. However Stop The Drop is prepared to accept items when prices have not been agreed but at the vendors own price settings.However for this arrangement a 2% of the lowest price (min.£5.00 max £50.00) will be charged upfront.In the event of a sale this payment will be deducted from the commission charged 

Should there have been no bidding on a lot at the end of the "Up Phase" the lot will then go into the "Drop Phase" until the end of the auction. The "Drop Phase" will have seven equal price drops and any of these can be reserved from the start of the auction by clicking "Reserve a price" and selecting the price to be reserved from the drop down. Prices Reserved will only be known to the Reserver and cannot be viewed by any other person.

All bids, reserved prices and out bids will be notified by email and appear in the users control panel under "Notifications". Successful bids will also be notified by email and again appear in "Notifications".

An automated invoicing system will keep buyers/sellers up to date with emails and notifications of invoices/payments/item status – sent, paid and received.

NB: When payment by PayPal is selected a 3.5% surcharge (may vary depending on destination) will be added to the invoice.

Please note: Every effort has been made to ensure a 'live' experience on the STD site. The website's server is continually 'polled' to ensure all changes are fed to you in a near real-time fashion. However, we recommend that you refresh your browser page to ensure you are viewing the very latest pricing and bidding situation.