It opened at 90 per cent of retail and stepped down every ten minutes. On the eleventh step somebody decided the number was low enough. Nobody bid against them. They just moved first.

Ten steps in eight seconds. The real drop took an hour and forty minutes, and ended the moment somebody decided not to wait for the next step.

OPENED AT$1,979

SOMEBODY SAID YES$1,579

SELLER'S FLOOR$880

36 people are looking at the same fridge as you

Nobody here can outbid you.

The only thing that beats you is another person deciding, before you do, that the number on the screen is low enough.

So we show you the count. Wait for a better price and you might get one. You might also watch it go.

Two ways to buy the same fridge

Sellers pick whichever one moves the item. Some things want an evening. Some want a week.

DROPS An evening event. The price comes down.

Items go up one at a time, on a published running order
First person to accept the price showing takes it
Over in minutes. Miss the window and it is gone

See tonight's running order AUCTIONS Running all week. The price goes up.

Bid when you like, over days rather than minutes
Set a maximum and we bid for you up to it
A late bid extends the close, so sniping does not work

Browse 212 open auctions

Open right now, no event required

All 212 auctions

Westinghouse 501L fridge 23 bids
$1,450 2d 04h

Miele T1 heat-pump dryer 8 bids
$680 1d 11h

Smeg 60cm induction cooktop 41 bids
$905 4h 12m

ASKO built-in dishwasher 3 bids
$210 06:21

Bosch Series 8 wall oven 17 bids
$1,120 3d 09h

Fisher & Paykel dish drawer 12 bids
$540 22h 05m

Electrolux 8kg front loader 29 bids
$770 1d 02h

Omega 90cm rangehood 1 bids
$95 5d 16h

FOR SELLERS

You have one of it, not a thousand.

Put a price on a used fridge and you have made one guess. If it sells, you never learn how much you left behind. If it sits, you find out slowly, in floor space.

A drop asks the question properly. Open above what you expect and let it fall. Whoever stops it has told you what the market would pay for that exact item, on that exact day.

Talk to us about your stock How the embed works

It runs inside your shop, in your name.

The drop panel carries your branding. Your checkout takes the payment and keeps the customer. Yabe supplies the falling price and nothing else.

We never hold your money You set the opening price, the step and the floor on every item You pick the window, because you know when your buyers are around

RESULTS FROM THE FIRST SELLER PILOT [PILOT RESULT: clearing price against RRP, time to sale, and the fixed-price baseline it is measured against. Nothing goes here until a real seller has run real stock.]

The next drop opens Thursday at 6:00 PM.

Fourteen items, one at a time, until they are gone or they hit the floor.