Subasta Sa Sugbo Mechanics
This is not your usual auction – here the price goes lower and lower! It is patterned after the Dutch Auction, a reverse method used to sell billions of dollars of Dutch flowers worldwide. This auction starts with the high price first, and is progressively lowered until somebody accepts the price or the minimum is reached. This is very fast as the sale never requires more than one bid.
Hundreds of items will be auctioned off, from antiques to hotel/resort stays, to furniture export overruns, to electronic items/ gift collections. A listing fee starting at P20 will be collected, and a small commission collected only if the sale is done. For sellers, this is a place to sell your excess items, and for buyers, this is a place to look for great bargains!
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