Each winning bidder chooses a dinner gift certificate from a fishbowl, then pays for the bid, and then exchanges numbers with the bachelor. We ask the bachelors to sign a contract that they will go out on the date within four months, or they are obliged to pay the woman the amount she paid for the date.

How does the auction work?

Auction: A public sale in which goods are sold to buyers (bidders) competing against each other to until the bidder willing to pay the highest price gets the item. Bid: The dollar amount a bidder is willing to offer for a lot. Hammer Price: The final bid amount when the auctioneer says “SOLD!”.

What is auction date?

Q: So what is a date auction anyway? A: Its exactly what it sounds like. Men, women and of-age sapiens in between volunteer to auction themselves to the highest bidder, usually for charity.

What happens if you win an auction and cant pay?

What Happens When an Auction House Does Not Receive Payment? More often than not, the unpaid items someone refused to buy are quietly returned to the original consignor, put into a future auction with a lower estimated value or are sold privately for a significant loss.