This is SCAM project already! Do not invest there anymore!
This is a very interesting website. Unfortunately, it is extremely hard to read because the use of the English language is so poor. A person interested in a website program should not have to struggle to understand what is said about it; this is very poor salesmanship! We strongly advise Auction House Sorta to utilize the services of a translator to obtain a good English version of the website. As the company is supposedly based in England, this should be very easy to do. This will greatly improve the understandability of the website and will surely increase the number of sign-ups by its English speaking readers. Furthermore, the proper use of the language that the website is written in will also create a much more favorable picture of the company. This was discussed in great detail in a recent issue of HYIP Insights. You can read this article here.
But, to continue, the website interested me in that it may be the first time I have heard of this method of revenue generation for a HYIP. To summarize it as I understand it (and is described on the nice flow chart of the home page of Auction House Sorta), it goes something like this:
Auction House Sorta representatives go to “liquidation auctions at which is provided the property of the companies and physical persons which is subject to sale on account of settlement of different types of debt.” These are the types of auctions at which it is possible to purchase items at prices far below their true value.
Next, Auction House Sorta purchases selected items (referred to as “Lots”) that it feels can be resold for a much higher value. Funds of online investors are used to assist with these purchases.
Finally, Auction House Sorta holds another auction that appears to cater to a more exclusive audience where it resells these Lots at prices that will exceed the price it paid to acquire them — often by a considerable amount. This profit is shared with investors that assisted with the purchase of the Lots.
As the website attempts to explain, this process is complex for many reasons that include locating items suitable for resale at a considerable profit. Then, if course, there is the process of conducting the sale. Since Auction House Sorta is constantly displaying new Lots on its website, it would appear that these sales must take place a few times per week. That’s a lot of work!
At any given time the website will display three items (Lots) that a person can “invest” in. For each Lot, you are given the following:
Start date of work
Sale date
Maximum and minimum investments
Daily interest rate
The limit of investment (which I don’t think is important)
Expected income
Lots are posted for three days before the start date of work. These three days are your window of time in which to make an investment. After the start date, three new Lots will be posted and the process will begin again. So, to repeat, you will only see a set of Lots for three days along with their corresponding information below them. This information (such as daily interest rate) can change slightly with each set of lots.
Let’s try to clarify all this by referring to a Lot that is presently listed. Right now, the calendar date is 3-16-17. The start date of work is 3-19-17 and the sale date is 4-19-17. So, first of all, I would have three more days to make an investment — until the 19th of March. Once I make an investment, it will not accumulate interest until the start day of work (even though I might have made the investment a few days earlier). Then, it will accumulate interest till the sale date, in this case 31 days later. An interest rate of 4.3% is given. So, my total earnings would be 133.3% (31 x 4.3). My net earnings would be 33.3% since my principal is returned as part of the earnings. This checks with the expected income indicated with the Lot.
The minimum and maximum investments allowed for this lot are $10 and $501. So, as an example, for an investment of $100, I can expect to earn $4.30 per day. After 31 days, I would earn a total of $133.30. My net profit would be $33.30 because my principal is included in the earnings. Since I am earning $4.30 per day, I would break even in 24 (100/4.3) days, a week or so before the end of the investment term. I call this the nail-biting period.
The other two Lots work in a similar manner but have different terms, interest rates, and minimum and maximum investments. Here they are along with the info for the first Lot that I just discussed — so that you will have a complete picture:
Lot #1
Start date of work: 3-19-17
Sale date: 4-19-17
Days in investment plan (time between these two dates): 31 days
Minimum investment: $10
Maximum investment: $501
Daily percent: 4.3%
Days to break even: 24
Expected income (days in investment plan x daily percent – 100%): 33.3%
Lot #2
Start date of work: 3-19-17
Sale date: 5-4-17
Days in investment plan (time between these two dates): 46 days
Minimum investment: $50
Maximum investment: $1,501
Daily percent: 3.7%
Days to break even: 27
Expected income (days in investment plan x daily percent – 100%): 70.2%
Lot #3
Start date of work: 3-19-17
Sale date: 5-18-17
Days in investment plan (time between these two dates): 60 days
Minimum investment: $100
Maximum investment: $3,001
Daily percent: 3.4%
Days to break even: 30
Expected income (days in investment plan x daily percent – 100%): 104%
You can see that, for the second two Lots, the interest rate is less while the term is greater than the first. These longer term investments are the key to greater income in these plans since your investment will be earning pure profit for longer periods of time (after the break even point).
Auction House Sorta has an affiliate program that pays you 10% of the deposit made by people you refer. However, unlike most HYIPs, it appears that you must have an active deposit in order to earn these commissions (“To have an opportunity to use our Partnership program, you shall have the minimum nominal of the active investments in the company.”). Again, the English is so bad that it is hard to understand.
Auction House Sorta uses PerfectMoney, Pyeer, AdvCash, and BitCoin for deposits and withdrawals. While deposits are processed quickly, withdrawals are promised within 24 hours as they are processed manually. However, they are usually processed more quickly than that.
Auction House Sorta is basically an investment company with a new twist and you might want to consider adding it to your investment portfolio. As usual, be a careful investor; diversify your portfolio, and never invest more than you can afford to lose. Good Luck!
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To the Admin: We always welcome comments on our reviews — pro or con — and we will publish them for our readers in EN blog too.
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