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Japanese Luxury Watch Auction Timepeaks Annouces “auto-discount function” Launched
At Timepeaks, where we sell luxury brand name watches, our auction site has been fitted with an “auto-discount function” where prices for each auction are lowered based on an automated system.
From Friday, May 9th, 2014, our “auto-discount function” has been implemented, so that the price of each auction will automatically be reduced for watches sold by Timepeaks users.
Timepeaks URL: http://timepeaks.com/
■ An overview of the auto-discount function
At Timepeaks, we have implemented our “auto-discount function”, so that the price of each auction will automatically be discounted for watches sold by Timepeaks users.
For each product, during an auction, a user can specify the starting price for the next auction. Alternatively, they can specify a discount rate, which will be applied to the starting price for the next auction.
If they specify the starting price (former option), the discount will happen just once for the next auction. But if they specify the discount rate (latter option), they can start each auction with the discount automatically applied to the starting price.
With the new auto-discount function, the user can sell off their merchandise even if they do not know its market value, by gradually lowering its price.
■ About Timepeaks
Launched in 2012, Timepeaks is a consignment sales auction specializing in luxury brand name watches. Currently, second hand watches from Japan are sold worldwide on the Japanese site (http://timepeaks.jp) and the English site (http://timepeaks.com).
At Timepeaks, a person with expertise in watches verifies the authenticity of a watch to make sure it is not fake before a successful bidder purchases the watch.
Therefore, bidders can safely participate in the internet auction without seeing the items.
3-18-4 Shibuya san-choume-building 5th floor
Shibuya-ku Shibuya Tokyo Japan
Zip Code 150-0002
Tel +81-3-6418-7204 Fax +81-3-6418-7204