Rules & FAQs

 

Auction Rules

To ensure a fair and transparent experience for all participants:

All bids must be made in good faith, and those intended to manipulate the auction will be void.

The name of the current highest bidder will be displayed (encrypted).

The highest bid at the end of the auction wins the item. In case of a tie, the item goes to the bidder who placed their bid first.

The auction house reserves the right to refuse service to any bidder.

All sales are final with no refunds or exchanges.

To ensure a fair bidding process and prevent 'bid snipping,' any bid placed within the final 5 minutes of an auction will automatically extend the bidding period by an additional 5 minutes. This will continue until no bids have been placed for a full 5-minute period.

For questions about the auction process or product-related questions, contact our team of client advisors via call, chat, or email.

 

Registration

You must be a registered user to participate in our auctions. If you have not already created an account, register here.

To ensure a fair and efficient bidding process, please provide a valid phone number, mailing address, and email address at the time of registration.

You'll be notified of your bidding status via email or SMS based on your subscription settings. Please add auctions@mimiso.com to your address book to ensure notifications land in your inbox.


Bidding

To place a bid, visit the lot's page, enter your amount, and then click "Bid."

The closing time for each individual lot will be displayed to help you stay informed.

The auction allows for proxy bidding, where the system automatically bids on your behalf up to a maximum price you set. We highly recommend using this feature to avoid losing out on a last-minute bid.

To view your auction history, go to your account page to view your bidding history and current bid status. See our FAQ section below for more information.

auction bidding history

         

          Payment Policy

          Your bid is a commitment, and if you win an auction, you are obligated to complete the purchase. Failure to do so will result in a ban from all future Mimi So Auctions.

          All payments must be completed within 48 hours of winning the auction.

          Payments can be made immediately after winning using any major credit card through our site.

          If you require alternative payment methods such as wire transfers or ACH transfers, please contact us at auctions@mimisoauctions.com as soon as possible to coordinate such payment.

             

            Shipping Policy

            See shipping page for more information.

             

            Re-sizing & Personalization 

            If you wish to resize or personalize an item you've won, please contact us at auctions@mimiso.com.

            How do I request a re-sizing or personalization?

            Simply email our team at auctions@mimiso.com with your request, and we will guide you through the process.

            Can my ring be resized?

            We can resize most rings. Plain bands without stones can be adjusted by several sizes. Rings with intricate settings may have limitations, and eternity bands (with stones all the way around) typically cannot be resized.

            What are the estimated costs?

            • Ring Resizing: The typical cost for resizing a ring is between $150-$200. 
            • Extending a Necklace: The cost for extending a necklace starts from $100 (cost may vary depending on the complexity of the necklace).
            • Engraving: The typical cost for engraving is $50.

            What else do I need to know?

            All listed costs are estimates, and we will send you a final quote for approval before proceeding. Please allow an additional 7-10 business days for any personalization work.


            Packaging Policy

            • Auction items are shipped in a signature Mimi So pouch.
            • Gift requests: If you are purchasing an item as a gift, please make a request in the special order notes section located in your cart. You may also contact us at 212-300-8620.

             

            Auction FAQs

            What is Proxy Bidding?

            Proxy bidding is a type of bidding that allows bidders to set a maximum price that they are willing to pay for an item. The bidding system will then automatically bid on their behalf, up to their maximum price, in predetermined bid increments. This is a convenient way to bid on items without having to constantly monitor the auction.

            When you place a proxy bid, you are essentially telling the bidding system that you are willing to pay up to a certain amount for an item. The system will then automatically bid on your behalf, in predetermined bid increments, until someone else bids higher than your maximum price.

            What are the advantages of proxy bidding?

            There are several advantages to using proxy bidding. First, it allows you to bid on items without having to constantly monitor the auction. Second, it can help you save money, as the system will only bid up to your maximum price. Third, it can help you avoid bidding wars, as the system will automatically bid on your behalf, up to your maximum price.

            How do I view my auction history?

            To view your auction history, head to your account page to see the items you've bid on as well as the highest bid at anytime.

            How can I receive notifications for future auctions?

            To stay informed about upcoming auctions, you have two options:

            1. Join our mailing list (subscribe in footer).
            2. Follow our Instagram account @mimisojewelry for regular updates.

            How will I know if I won?

            Once a lot closes, you will receive an email confirmation notifying you that you have won the auction including prompts to checkout.

            How do I pay for an item that I win?

            The winning bidder must pay for the item within 24 hours of the auction closing. Payment can be made by credit card, Shop Pay, PayPal, or wire transfer.

            How can I participate in the auction?

            Go to mimisoauctions.com, complete the registration form, subscribe to auction announcements to be notified about new auctions.

            What is a no-reserve auction?

            No-reserve auctions are auctions in which the item will sell regardless of the final sale price.

            Will I be notified if I am outbid?

            Yes, you will be notified via email if you are outbid.

            How is the bidding process verified?

            We keep timestamps of each bid.

            How much does it cost to resize or personalize my item?

            If you wish to resize or personalize your won item, please see the pricing details for various services below:

            Resizing
            The cost for resizing is between $150 and $200. Please note that eternity stone rings cannot be resized.

            Extending a Necklace
            The cost for extending a necklace starts from $100 (cost may vary depending on the complexity of the necklace).

            Engraving
            The cost for engraving is $50 (only available for date and name)

            Why was I listed as the current high bidder on a lot until it closed, but someone else was declared the winner afterward?

            Frequently, experienced bidders employ a common practice called "sniping." In this bidding strategy, a bidder places their highest maximum bid at the last second, aiming to win the lot precisely as it closes and before others can outbid them. To avoid such situations, we encourage bidders to submit their true maximum bids as early as possible. This allows you to have a better chance of securing the lot you desire without being affected by last-second sniping bids.

            Can I place a manual bid if I am already the highest bidder?

            No, you cannot place a manual bid if you are already the highest bidder. The system will not allow you to do this to prevent users from accidentally overbidding. If you want to increase your bid, you can use the automatic bidding feature (proxy bidding). Click here to view screenshot.

            If I win multiple items, do I have to pay for shipping for each item?

            Contact us for group shipping or send us an email at auctions@mimiso.com.