Auction Engine
Real-time bidding infrastructure for any asset class
ERP5SOL's auction engine handles thousands of simultaneous bids with sub-second latency. Purpose-built for cars, property, fine art, and industrial equipment.
How it works
1
List
Create a lot with photos, inspection report, and reserve price. Configure auction mode — live, timed, or sealed.
2
Bid
Buyers compete in real time via WebSocket broadcast. Optimistic UI keeps every participant in sync with zero lag.
3
Settle
On close, invoices are generated automatically. Fees, VAT, and buyer premiums calculated and documents issued instantly.
What's included
- Live bidding with WebSocket broadcast and optimistic UI
- Configurable reserve prices, buy-now, and sealed-bid modes
- Automated settlement and invoice generation on lot close
- Per-lot inspection reports and condition grading
- Buyer premium, VAT, and multi-currency support
- Full audit trail for every bid, retraction, and award