Every lot has cleared LUXVAULT's 38-point authentication. Anti-snipe extends a closing bid by 5 minutes. Funds are pre-authorised on your card, escrowed at SNB, and only charged if you win — losing bids release instantly.
The LUXVAULT auction protocol is built around one principle: you bid only what you mean, and you only pay if you win.
One-time card pre-auth of the max bid amount. Funds are frozen — not charged — and released instantly if you don't win.
Single bid or proxy bid up to a ceiling — the system bids on your behalf in minimum increments until your max is reached.
Any bid placed in the last 5 minutes extends the auction by 5 minutes. Repeats until silence. No last-second wars.
Win, and your pre-auth converts to an SNB escrow hold. The seller ships, you inspect, the bank releases on your confirm.