Debexpert

Min price at sealed bid auctions

At auctions the minimum bid amount is displayed in front of each lot, the amount of which can be set by the seller in advance.

Ivan Korotaev

Written and fact checked by

Ivan Korotaev

Debexpert CEO, Co-founder

Published October 10, 2021Fact checked
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Now, at auctions of closed offers, the minimum bid amount is displayed in front of each lot, the amount of which can be set by the seller in advance.

In the case when the minimum bid is set in advance by the seller, bidders cannot make a bet less than the indicated price.

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Ivan Korotaev

About the Author

Ivan Korotaev
Debexpert CEO, Co-founder

More than a decade of Ivan's career has been dedicated to Finance, Banking and Digital Solutions. From these three areas, the idea of a fintech solution called Debepxert was born. He started his career in  Big Four consulting and continued in the industry, working as a CFO for publicly traded and digital companies. Ivan came into the debt industry in 2019, when company Debexpert started its first operations. Over the past few years the company, following his lead, has become a technological leader in the US, opened its offices in 10 countries and achieved a record level of sales - 700 debt portfolios per year.

Expertise

  • Big Four consulting
  • Expert in Finance, Banking and Digital Solutions
  • CFO for publicly traded and digital companies
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