Live & Upcoming Auction
| Auction ID | Description | Item Count | Start Date & Time | End Date & Time | Status |
|---|---|---|---|---|---|
| AUCXON-434573 | Sale of Old P&M Battery machine (Buggy), | 2 | 18-09-2025 3:00 PM | 18-09-2025 4:30 PM | Upcoming |
| AUCXON-235376 | Sale of Steel Formwork Scrap (LE090404) - 300 MT available at Kancheepuram | 1 | 19-09-2025 3:00 PM | 19-09-2025 4:30 PM | Upcoming |
How Aucxon Lounge Works
Seamless Auction Participation in Easy Steps
Register
Register for Free and Complete KYC Verification to Get Started
Browse
Discover Auctions Organized for Easy Access
Bid
Engage and Place Bids in Real-Time Auctions
Collect
Pay through secured channels and arrange pickup & delivery
Client Partnership Framework
Aligned With Your Goals, Driven by Your Success
Pre-Auction
Customised Strategy Development Through In-Depth Assessment
During Auction
Proactive Bidder Interaction Supported by Daily Auction Insights
Post-Auction
Seamless Transaction Facilitation and Post-Auction Outcome Evaluation
Our Unwavering Commitments
Transparency First
- Transparent Listing
- Real-time bid visibility during auctions
- Open access to auction reports
- Full disclosure of auction terms and conditions
- Transparent participant screening process
Process Integrity
- Auditable bid trails for complete traceability
- Equal opportunity for all qualified bidders
- Obligation protection for sellers
- Rigorous vetting of all participants
- Secure and tamper-proof bidding system
Service Commitment
- Assessment of your assets or procurement needs
- Comprehensive evaluation and reserve price setting
- Transparent bidding process with real-time monitoring
- Guaranteed dispute resolution
- Pre & Post-auction support & follow-up
- Asset removal coordination and performance review
- Responsive customer service team
Delivery Value Across the Board
For Sellers
- 360° asset handling from valuation to removal
- Rigorous buyer vetting and qualification
- Reserve price consultation guarantee
- Marketing to our extensive buyer network
- Hassle free post auction co-ordination
For Buyers
- Lot verification and inspection support
- Supplier due diligence and compliance audits
- Contract safeguards and terms validation
- Transparent bidding process
- Access to exclusive auction opportunities
Traditional Auction Challenges
Manual Coordination delays bidding and decision-making
Traditional Auctions restrict participants to limited bidders
Difficult to track bids and ensure fair competition
Travel, logistics, and paperwork increase expenses
Manual record keeping leads to inaccuracies and disputes
Frequently Asked Questions
A B2B eAuction is an online platform where businesses can buy or sell products and services through competitive bidding, ensuring transparency and better pricing.
eAuctions save time and costs, provide access to a wider market, increase transparency, and often lead to better deal outcomes compared to manual auctions.
Simply create a free account, complete KYC verification, and receive approval to start participating in auctions.
Only registered businesses with verified KYC can participate, ensuring secure and credible transactions.
Yes, all participants must complete KYC verification to ensure authenticity, compliance, and secure transactions.
Yes, depending on your business requirements, you can join multiple live auctions and place bids simultaneously.
The platform provides real-time updates, and you can watch it live when your bid is the highest or if you win the auction.
EMD payments will be handled by Aucxon Lounge. Payments related to products & services would be between the buyer and seller. Aucxon Lounge would coordinate with buyers and sellers for payments and to arrange pickup or delivery as per agreed terms.
Any business-related product, asset, or service can be listed, from raw materials and machinery to surplus inventory or specialized services like transportation, depending on business requirements & Aucxon Lounge policies.
Seller companies should mandate Aucxon Lounge authorising on your behalf to conduct eAuction for disposal or procurement or for both.
EMD mentioned in auction catalogue is mandatory for participation in auction. Registration with Aucxon Lounge is free. Paid annual subscription available with additional service benefits.
Forward Auction: Buyers place bids to purchase items from sellers (highest bid wins). Reverse Auction: Sellers compete to offer the lowest price to fulfill a buyer’s requirement (lowest bid wins).
Yes, all bids are securely recorded and visible only as per the auction rules, maintaining fair competition and transparency.
You will receive a confirmation with payment instructions on approval of bid price by seller. After completing the payment, you can arrange for pickup or delivery of the item.
Aucxon Lounge ensuring reliable transactions and protecting participants, EMD submitted for participation in auction will be returned back to participants, after making sufficient efforts to resolve the issue.
Yes, the platform provides auction room for participants to track bids, timing, and competition instantly. Only approved participants would be able to monitor auction for the specific item at specific point of time.
This depends on the client’s requirement. Some allow cross-border participation, subject to trade compliance and documentation. All auction timings mentioned will be on Indian Standard Time (GMT + 5.30).
Payments are processed directly between seller and buyer. Aucxon Lounge doesn’t handle payment as of now. Aucxon Lounge will handle only EMD as a mandatory requirement for participation.
Contact Us
Get in touch with us to learn more about our eAuction platform
Email Us
Call Us
Visit Us
The Executive Zone, Shakthi Towers, 766/1, Anna Salai, Chennai, Tamil Nadu-600002