Terms & Conditions

Potato Bazaar Live Auction – Terms & Conditions

Please read these terms and conditions carefully before participating in our live auctions.

01 Auction Event

  • Auctions are conducted digitally on the Potato Bazaar (PB) platform.
  • Each auction listing will specify the title, lot details, date, start time, and duration.
  • Auctions may consist of one or multiple lots.
  • Potato Bazaar reserves the right to suspend, reschedule, withdraw, or cancel any auction.

02 Eligibility to Bid

  • Only Verified PB users are permitted to participate.
  • A refundable Security Deposit (SD) of ₹5,000 is mandatory to place bids.
  • The SD may be adjusted, refunded, or forfeited as per these Terms.
  • Users must complete platform KYC requirements including PAN, GST (if applicable).
  • PB reserves the right to conduct due diligence and suspend or reject any user.

03 Bidding Rules

  • Auctions commence at the Base / Reserve Price set by the Host.
  • Each new bid must be higher than the current highest bid.
  • Minimum bid increment is ₹0.10 (10 paise) unless otherwise specified.
  • Bids placed in the final moments may trigger an automatic extension (soft-close).
  • Bids once placed cannot be withdrawn or modified.
  • In the event of technical or system failure, PB reserves the right to restart or cancel.

04 Winning Bid & Obligation

  • The highest valid bid at auction close shall be considered the Winning Bid.
  • The Winning Bidder is obligated to complete the purchase as per defined timelines.
  • The Seller is obligated to sell the lot at the winning bid price subject to approval.
  • If the Winning Bidder fails to complete payment, the SD will be forfeited.

Important Note: By participating in any auction on Potato Bazaar, you agree to abide by these Terms & Conditions and all platform policies.