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Direct offers on closed auctions

The direct purchase offer

Buy today. From tomorrow, the platform sells for you.

On Memorabid a closed auction is not the end of the story. Anyone can make an offer to the winner of a lot, with Memorabid protecting the deal as intermediary. For buyers, the catalogue never stops growing. For owners, every item stays on display in front of collectors all over the world.

For buyers

The lot you missed is not gone for good

  • Browse the complete list of every auction closed in the past.
  • Send a direct purchase offer to the winner, for an amount equal to or higher than the winning bid.
  • If an auction closed under the reserve price, you can send your offer to the seller and win the lot that was not awarded.
  • No risk: before delivery, Memorabid checks that the item is in exactly the same condition as in the original auction, even if time has passed.
For owners

Every winning bid becomes an investment

  • The item you won stays visible to collectors all over the world.
  • Offers reach you automatically and with no commitment to sell: you decide if and when.
  • The same platform where you bought it collects the most interesting offers for you.
  • If you accept, Memorabid handles the inspection, shipping to the new buyer and payment.

The catalogue of items you can buy on Memorabid keeps growing: you can interact with every lot ever presented on the platform, from the first to the last.

The life of an item

From winning bid to new owner

Scroll down: this is what happens when a collector makes an offer on an item that has already been sold.

1
Step 1 of 8The auction closesThe item has an owner
  1. The auction closes

    The lot is sold and delivered to the winning bidder, who becomes its owner.

  2. It stays on display

    The lot joins the list of closed auctions, which every Memorabid user can browse.

  3. An offer arrives

    A collector offers the owner an amount equal to or higher than the winning bid. The offer arrives automatically and with no commitment.

  4. 7 days to decide

    The offer is valid for 7 days, exactly 168 hours, from when the offer or counteroffer is sent. During that time the owner can accept it, decline it or make a counteroffer; after that, the offer expires.

  5. Acceptance and shipping

    Within 48 hours of accepting, the owner ships the item by express courier to Memorabid's offices. In the same time frame the bidder pays the amount due.

  6. The inspection

    Our team checks that the item's current condition perfectly matches the text and photo description of the original auction.

  7. Delivery to the new buyer

    Memorabid ships the inspected lot to the new winner. Their payment is held as a guarantee until they receive it and are satisfied.

  8. The seller gets paid

    The seller is paid 14 days after the new buyer has received the item, in our payment runs on the 1st and 16th of the month. All it takes is adding tax and bank details to the profile.

Simulation

An offer comes in: how can the owner reply?

A match-worn shirt was sold for €900 and a collector offers to buy it. Pick the amount and try the three possible replies.

€1,200
An offer must be equal to or higher than the winning bid.
MemorabidOffers
Direct purchase offerMatch-worn shirt · example
Purchase offer received€1,200+€300 over the winning bid
Expires in 168:00:00
Terms and conditions of the offer

Clear rules for both sides

By sending an offer and accepting it, the bidder and the recipient make mutual commitments and formally accept the related costs. The full rules are in the platform's Terms and conditions, which are an integral part of the offer.

The bidder who makes the offer

A binding commitment

Makes a concrete, formal and binding commitment to pay the offer if it is accepted.

Payment within 48 hours

As with a won auction, pays the amount due within 48 hours of acceptance. Commitment and credit card registration follow the same rules as auctions.

Only shipping and insurance

Only shipping and insurance costs are added to the offer amount, as with any auction. See the rates

The recipient who receives the offer

Shipping within 48 hours

Within 48 hours of accepting, ships the item by express courier to the offices of Memorabid Srl: Polo Tecnologico di Pavia, via Fratelli Cuzio 42, 27100 Pavia, Italy.

Standard fee

Agrees to pay Memorabid the platform's standard sales fee: 15% of the sale value plus 3% as a flat contribution to digital payment and credit card costs, plus VAT.

Guaranteed payment

The bidder's money is held by Memorabid until the new buyer receives the item and is satisfied with it. The recipient is paid 14 days after delivery, on the 1st or 16th of the month.

FAQ

Direct offers in short

Can I buy a lot from an auction that has already closed?

Yes. From the list of closed auctions you can send a direct purchase offer to the winner, for an amount equal to or higher than the winning bid. If the auction did not reach its reserve, the offer goes to the seller.

How long does a direct purchase offer last?

7 days, or 168 hours, from when the offer or counteroffer is sent. After that it can no longer be accepted, declined or answered with a counteroffer.

If I won an auction, do I have to sell?

No. Offers reach you automatically and with no commitment: you can accept, decline or make a counteroffer.

What does the buyer pay?

The offer amount plus shipping and insurance, as with any auction.

How much does Memorabid keep from the seller?

The standard fee: 15% of the sale value plus 3% for digital payment costs, plus VAT. Payment arrives 14 days after the buyer has received the item, on the 1st or 16th of the month.

How do I know the item is in the same condition as in the first auction?

The seller ships it to Memorabid, which inspects it against the text and photo description of the original auction before sending it to the new buyer.

Every lot, from the first to the last

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