Kiasu Auctions are online auctions conducted by KiasuParents.com through the Kiasu Auction Forum.
The collateral used by bidders for Kiasu Auctions are KiasuPoints (KPs). Cash is NOT accepted for Kiasu Auctions. The objective of Kiasu Auctions is to reward members for their contributions to KiasuParents.com, and have fun at the same time. KiasuParents.com does NOT sell KiasuPoints to members.
All KiasuParents.com members, except for administrators, are allowed to participate in Kiasu Auctions as long as they have at least 1 KP. To check the number of KPs you have, please click here.
Kiasu Auctions are generally held at least 4 times a year, once in each quarter. Prizes for the Auctions are sponsored by KiasuParents.com, and other organisations or members. If you wish to sponsor some products for the Kiasu Auctions, please contact us here.
Kiasu Auctions have now been upgraded to “penny auctions”. Here is how it works.
Before the Auction starts
A new thread will be started in the Forum announcing the prize, date and time for the Auction. The post will contain a link to the online Auction page. Click on the link to access the online Auction.
The page will display information regarding the upcoming Auction, including the number of KiasuPoints you currently possess, and the starting bid price. There will be a count-down timer counting down to the start of the Auction.
During the Auction
Bidding in Kiasu Auctions is really simple!
1. Make sure you have enough KiasuPoints to cover the Current Price to pay for the prize.
2. Click on the Bid button to place a bid, before the Time Left to Bid expires.
When you do that, you will be the current bid leader and your Username will be displayed at the top of the Last 5 Bids list. The Time Left to Bid will be reset (eg. 30 seconds) and start counting down again. If no one else bid within that time, you will be the winner of the Auction. If someone else outbids you within that time, the Time Left to Bid will be reset and you must place another bid to try to outbid that person and win the Auction.
Note that each successful bid you make costs 10 KiasuPoints which are not refundable.
Each bid will also increase the bid price by 1 KiasuPoint. You must have sufficient KiasuPoints to cover both the Current Price and the cost of the bid, otherwise your bid will be rejected. Rejected bids are not charged.
The online Auction page will display the following info:
Winning the Auction
The Auction will only end when no one places any new bid before the bid timer expires.
The Username of the winner will be displayed along with the winning price. The price will be deducted from the winner’s account once the results have been announced.
KiasuParents.com will send a Private Message to the winner confirming the win, and provide further instructions on how to claim the prize. Note that prize winners may have to release personal information such as NRIC, full names, and home addresses, depending on the nature of the prize and collection processes.
Remember – the purpose of Auctions is to have fun. You can always earn and accumulate more KiasuPoints by contributing to KiasuParents.com by sharing your experiences and rating services!